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Tesla reportedly moving out of malls, a blow to shopping center owners

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The Tesla showroom at Park Meadows Mall March 31, 2016

John Leyba | The Denver Post | Getty Images

Tesla showrooms have been a staple of many high-end shopping malls, but that could be changing.

The electric car maker is shuttering a number of stores in favor of less-expensive locations, according to a report from Electrek.

The decision would mark another shift in Telsa’s retail strategy, which has wavered in recent years. It would also be another blow to America’s mall owners, which have struggled to hang on to tenants and fill vacant storefronts.

In early 2019, Tesla Chief Executive Elon Musk said the company would be closing most of its brick-and-mortar locations and shifting its sales…



Source cnbc.com

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