Tesla, Inc. (NASDAQ:TSLA) CEO Elon Musk explained the rationale behind the removal of inventory discounts on its cars in the U.S., citing the need to simplify the company’s complex sales system.
What Happened: “It has become complex and inefficient,” he said, adding that the removal of inventory discounts aims to streamline and simplify operations.
On Tuesday, Tesla eliminated inventory discounts across its vehicle lineup, excluding demo cars or used vehicles. Until recently, the company offered significant discounts on inventory vehicles to drive sales.
Now, an unused inventory Model Y rear-wheel ...