How Volkswagen is preparing to enter the market of electric vehicles series I. D.
In the Volkswagen showroom, near Wolfsburg, gathered about 5,000 dealers from all over Europe (Germany, Hungary, Austria) to witness the preparation of the company to enter the world market of…

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Retail is dead: why Tesla will get more profit by closing stores
Elon Musk recently announced that Tesla will close 10-30% of retail stores with low efficiency and completely change its sales strategy. Some shareholders of the company have already expressed their…

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What is the price of switching to electric cars?
Millions of European workers are concerned about their prospects due to the unpopularity of cars with ice, because their production will be reduced, and at the same time will decrease…

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sales

Retail is dead: why Tesla will get more profit by closing stores

Elon Musk recently announced that Tesla will close 10-30% of retail stores with low efficiency and completely change its sales strategy. Some shareholders of the company have already expressed their skepticism about this, while others, on the contrary, are optimistic about the initiative of the management.

Musk believes that closing retail stores is the best solution to maintain the company’s profitability while reducing the price of Model 3 to the base $35,000. In General, the optimistic forecasts of analysts indicate 4 main reasons why the closing of showrooms is a profitable step for the company. Continue reading

Elon Musk: Tesla is successful because we were not taken seriously

In celebration of its 70th anniversary, MotorTrend magazine interviewed Elon Musk, a man who has changed the modern automotive world in many ways. In this interview, the CEO of Tesla answered several interesting questions, in particular why no one has been able to approach the level of Tesla.

Speaking about the success and importance of his company for the modern automotive industry, Elon Musk noted that this is ensured by the fact that at the time (recall that this year Tesla was 16 years old), representatives of the world industry simply did not believe that the company that decided to start producing electric cars will be able to achieve at least some success. According to the Mask, competition actually was not, so how to compete no one was going. Continue reading

Oil and gas companies are currently investing heavily in electric vehicle charging companies
For decades, oil and gas companies and utilities have refused to accept electric vehicles as a given. Now oil and energy giants are becoming part of the "new fuels"industry. According…

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Volkswagen's radical strategy: put everything on electricity
Volkswagen has set itself the goal of a possible profitable mass production of electric vehicles in the amount of 80 billion euros (91 billion us dollars) — a feat that…

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What is the difference between electric vehicles and hybrids or plug-in hybrids
Electric vehicles that you can buy are a relatively new product on the market. Hybrid cars that combine a conventional petrol or diesel engine with an electric motor have been…

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