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Tesla Inc.

is largely abandoning its long-controversial retail model of factory-owned stores, it said Thursday, turning instead to an equally radical model for selling cars — online sales only.

The shift in retail strategy occurs as the California electric-vehicle maker grapples to compete in a new world of lower-priced EVs. The moves comes as Tesla announced plans to bring the $35,000 version of the Model 3 electric sedan to market as early as March.



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Tesla To CLOSE Stores And Move To Online Sales! $35,000 Model 3 In March

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