Tesla Off to Rocky Start to the Year With Surprise Store Closings

Tesla Off to Rocky Start to the Year With Surprise Store Closings

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Interactive Video

Business, Life Skills

University

Hard

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The transcript discusses Tesla's unexpected decision to close several retail stores, which surprised both staff and investors. The closures were announced publicly, leading to a mixed reaction from investors, including some selling their shares. The decision marks a significant shift from Tesla's previous retail strategy, as they move towards online sales. This change has implications for employment, with job cuts expected, particularly in sales and marketing roles.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the initial reaction of Tesla staff to the store closures?

They were blindsided and found out through a blog post.

They were informed through an internal memo.

They were excited about the new strategy.

They were well-prepared and expected it.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How did investor Alex Cholakyan react to Tesla's decision to close retail stores?

He remained neutral and kept his shares.

He sold all his Tesla shares.

He encouraged others to buy more Tesla shares.

He increased his investment in Tesla.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the main reason for investor concern regarding Tesla's store closures?

The decision was expected due to high store performance.

The decision was consistent with previous strategies.

The decision was a complete reversal from previous plans.

The decision was well-communicated in advance.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What strategic shift did Tesla announce alongside the store closures?

Expanding physical stores worldwide.

Reducing online presence.

Focusing solely on online sales.

Increasing the number of retail stores.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What impact did the strategic shift have on Tesla's employment?

Increased hiring in all departments.

Layoffs in sales and marketing, with some job shifts.

Expansion of the workforce in retail stores.

No change in employment numbers.