05-03-2019 18:07 via ocregister.com

Elon Musk blindsided Tesla staff with store-closing plans

Tesla shares continued a steep sell-off in the wake of Chief Executive Officer Elon Musk’s surprise move to close most of the electric-car maker’s stores and shift to online-only sales.
Many sales personnel first found out about the decision when Tesla published a public blog post Thursday afternoon, said three people familiar with the matter, who asked not to be identified discussing sensitive matters. A Barclays analyst cut his price target on the stock Tuesday, adding to a chorus
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