Markets
SUP

Tesla Partners Nordstrom to Open Gallery at The Grove in LA

An image of a smartphone and a pen
Credit: Shutterstock photo

Tesla Motors, Inc.TSLA is collaborating with Nordstrom Inc. JWN to open a new gallery in Los Angeles on Saturday. The 400-square-foot gallery will be located in the men's department on the first floor of Nordstrom at The Grove mall.

The gallery will display the Model X SUV and allow interested consumers to check out various interiors and trim options. Prospective buyers can also take on-site test drives. Further, Tesla is trying to obtain a sales license for the site, which will allow it to sell vehicles from there instead of just displaying them.

The gallery will be open through the end of 2016. Customers' response to the location will decide the course of Tesla's partnership with Nordstrom. The two companies do not have plans to collaborate on any other store or gallery at the moment.

Tesla often opens galleries in malls rather than stand-alone locations, which is convenient for customers and helps increase footfall. These galleries do not sell vehicles. This allows the company to open galleries even in states where direct sales of vehicles are banned.

TESLA MOTORS Price

TESLA MOTORS Price | TESLA MOTORS Quote

Zacks Rank

Tesla currently carries a Zacks Rank #4 (Sell). Some better-ranked automobile stocks include Lear Corp. LEA and Superior Industries International, Inc. SUP . Both the stocks sport a Zacks Rank #1 (Strong Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

TESLA MOTORS (TSLA): Free Stock Analysis Report

SUPERIOR INDS (SUP): Free Stock Analysis Report

LEAR CORPORATN (LEA): Free Stock Analysis Report

NORDSTROM INC (JWN): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

SUP LEA JWN TSLA

Other Topics

Stocks

Latest Markets Videos