So says Jessica Caldwell, a senior analyst for Edmunds.com.
Here is the quote in context: “Nobody has ever been successful with company stores, though plenty of manufacturers have tried them,” Bob Lutz, former vice chairman for GM, wrote in October. “When I came to BMW in the Seventies, it had five factory stores,” Lutz continued.He added: “The idea was, like Tesla, to be in control of the retail environment and give customers an upscale experience. They were all money pits.”
“They just can’t be a mainstream electric-car company,” Edmunds.com senior analyst Jessica Caldwell said.
She added: “They tried to do something different,” but it hasn’t worked as intended primarily because they focus on designs, not production.
Read more: http://dailycaller.com/2016/01/06/n...italize-on-teslas-stock-tumble/#ixzz3wW7XMh7C
Here is the quote in context: “Nobody has ever been successful with company stores, though plenty of manufacturers have tried them,” Bob Lutz, former vice chairman for GM, wrote in October. “When I came to BMW in the Seventies, it had five factory stores,” Lutz continued.He added: “The idea was, like Tesla, to be in control of the retail environment and give customers an upscale experience. They were all money pits.”
“They just can’t be a mainstream electric-car company,” Edmunds.com senior analyst Jessica Caldwell said.
She added: “They tried to do something different,” but it hasn’t worked as intended primarily because they focus on designs, not production.
Read more: http://dailycaller.com/2016/01/06/n...italize-on-teslas-stock-tumble/#ixzz3wW7XMh7C