Tesla Inc Chief Executive Elon Musk said in a podcast released on Friday that demand for the company's electric vehicles remained strong throughout the coronavirus pandemic, with consumers preferring to shop online.
FILE PHOTO: Tesla Inc CEO Elon Musk speaks on stage during a delivery event for Tesla's China-made Model 3 cars at its factory in Shanghai, China, January 7, 2020. REUTERS/Aly Song/File Photo
Musk, talking to Automotive News’ Daily Drive podcast, said having a traditional dealer network - something he considered in the past - appears increasingly unnecessary. Asked about a 2020 meteoric stock rally that has pushed Tesla shares up more than 240% from the start of the year and made the company the world’s most highly-valued carmaker, Musk said the market would eventually sort itself out. He added that as long as Tesla made great cars, investors would be happy.
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