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Tesla Scales Back Store Closures

Contrary to the electric OEM’s announcement last month, Tesla will not be closing as many of its brick-and-mortar stores as originally planned, according to a company release. Although the company didn’t offer specific numbers, Tesla said it will close about half as many stores than was previously announced. As a result, the expected 6% reduction […]

Amazon Investment in Electric OEM Paves Way for ‘Limitless’ Mobility Potential, Analyst Says

Amazon’s $700 million investment in electric OEM Rivian is a potential step by the retail giant to launch a mobility service that would supplement its delivery platform, said Grayson Brulte, a consultant with Brulte & Co. “I think it’s limitless where Amazon takes it,” Brulte told Auto Finance News. “There’s a lot of money to be made in niches. Do they […]