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Tesla Closes Stores, Cuts Retail Jobs As Company Moves Sales Online

03:44

Tesla is closing many of its stores and cutting jobs in retail and marketing as it moves to take all sales online. The decision, announced Thursday, is part of a cost-saving plan that CEO Elon Musk says will allow the company to offer its Model 3 compact car for a new lower price of $35,000. Here & Now's Peter O'Dowd gets the latest from MSNBC's Ali Velshi (@AliVelshi), co-host of "Velshi & Ruhle."

This segment aired on March 1, 2019.

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