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Tesla ‘winding down many’ stores, shifting to online sales

Tesla Inc. said it is “shifting” worldwide sales online in order to cut costs.

The company said the move is to support making $35,000 Tesla 3 models available.

“Shifting all sales online, combined with other ongoing cost efficiencies, will enable us to lower all vehicle prices by about 6 percent on average, allowing us to achieve the $35,000 Model 3 price point earlier than we expected,” the company said in a blog post Thursday.

Tesla said it will be “winding down many” of its stores “over the next few months,” it said, with a small number of stores in high-traffic locations.

Tesla has one showroom in Nevada near West Sahara Avenue and South Rainbow Boulevard in Las Vegas.

A Tesla spokesperson declined to comment Thursday on the closure of any specific stores.

Contact Nicole Raz at nraz@reviewjournal.com or 702-380-4512. Follow @Nicole0Raz on Twitter. Review-Journal staff writer Bailey Schulz contributed to this report.

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