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7/28, 1:15 PM (Source: TeleTrader)
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Tesla makes major retail strategy turn - report

Tesla Inc. is currently in the process of implementing a series of changes regarding its retail strategy, Electrek reported on Wednesday, citing people familiar with the matter.

The changes will include closing most of Tesla's "high-rent locations in malls and shopping districts," the outlet explained, adding that the electric vehicle behemoth will not let go any of its retail employees.

"The automaker is looking to rent spaces in mall parking lots, warehouses, and other locations to manage test drive fleets and delivery centers," the report noted.

Breaking the News / BU