Tesla launches major change in their retail strategy
- Electric Car Company Tesla is currently implementing their new retail strategy where they plan to shift from their high-rent retail spaces in malls to focusing on developing more delivery centers
- As for the employees at closing Tesla retail stores, they will transition to working out of the company’s central virtual store to assist buyers online
Generac shares drop due to supply constraints despite high sales
- On July 28, 2021, Generac shares decreased by almost 13% after the company reported rising input costs and supply chain constraints
- During their 2nd quarter, Generac has announced record sales
- This year, the company’s shares have gone up 80% with high demand for clean energy and power outages
CEO Of Binance claims he’s willing to step down as regulations are welcomed by crypto exchange
- Changpeng Zhao, the CEO of Binance claims that he is willing to step down from his position because the cryptocurrency exchange wants to become a regulated financial institution
- In the past, Binance has experienced intense regulatory investigation as authorities seek to regulate the crypto industry
