Elon Musk’s Tesla to close global showrooms to cut costs
March 1, 2019 12:17 pm
Elon Musk has said sales of the Model 3 electric car are essential to the firm’s survival. In a new strategy, Tesla has announced that it is to close all of its showrooms and turn over all sales to the Internet to drop the price of its Model 3 from $42,900 to $35,000.
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Through our low fees and smart price-sourcing technology, we help traders keep their costs down.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading spread bets and CFDs with this provider†. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Professional clients can lose more than they deposit.
* Based on revenue excluding FX (published financial statements, February 2018).
Elon Musk has said sales of the Model 3 electric car are essential to the firm’s survival. In a new strategy, Tesla has announced that it is to close all of its showrooms and turn over all sales to the Internet to drop the price of its Model 3 from $42,900 to $35,000.
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Watch more videos on Tesla and Elon Musk:
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https://www.youtube.com/watch?v=lGYUaTVCWzI
• Tesla replaces Elon Musk as chair
https://www.youtube.com/watch?v=XfJQxqKJPEk
• Tesla shares slump | Elon Musk earnings call
https://www.youtube.com/watch?v=y1rpQKHxWqU
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https://www.youtube.com/watch?v=3JnhnDnHEvc&t=32s
• Tesla shareholder: not thrilled about going private
https://www.youtube.com/watch?v=zi0WKIie3gE
• What You Need To Know About Tesla
https://www.youtube.com/watch?v=P8HwMLG2Llg
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We provide fast and flexible access to over 15,000 financial markets – including indices, shares, forex and commodities – through our award-winning range of platforms and apps.
Established in 1974 as the world’s first financial spread betting firm, we’re now the world’s No.1 provider of CFDs and spread betting* and a global leader in forex. We also offer an execution-only share dealing service in the UK, Ireland, Germany, Austria and the Netherlands. We have recently launched a range of affordable, fully managed investment portfolios, to provide a comprehensive offering to investors and active traders.
Through our low fees and smart price-sourcing technology, we help traders keep their costs down.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading spread bets and CFDs with this provider†. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Professional clients can lose more than they deposit.
* Based on revenue excluding FX (published financial statements, February 2018).
† For the 12 months preceding 1 January 2019.
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