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Originally Posted by ldjessee00
Not sure what the big deal is, Tesla has several billion in the bank in cash and is making money.
Since most buy the car online anyway, not sure closing most of the showrooms will make a big difference. Also, this gets around those states that were trying to block Tesla's from being sold in the state. Now that they have no showrooms/dealerships, maybe this will allow them to get around those kind of blocks?
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The big deal is that Tesla is promising a Chinese factory, the Semi, the Model Y, and the new Roadster within 2 years. The Gigafactory alone will likely burn up all of Tesla's remaining cash this year. Where do they get money for tooling up 3 new models?
Tesla stock dropped 8% yesterday. Do you think the market is in the mood to loan Tesla another $5-6 billion in capital?
Closing their store in states that allow direct sales does nothing to allow Tesla to sell cars in states that don't allow direct sales.