Market Weekly: May 24 – 30 2020

#23796
ThePitBoss
Participant

Tesla first true standalone store in Motor City Detroit Michigan

Tesla could open its first true standalone store in Michigan as early as next week, alongside a service center in the upscale community of Clarkston north of Detroit.

The EV automaker is making the symbolic brick-and-mortar play in Michigan just as traditional auto dealers have shifted to more online interaction. Tesla and online seller Carvana (NYSE:CVNA) have both rallied during the stay-at-home period that began in the middle part of March.