Struggling CODA Automotive seems to be just a stone's throw away from extinction. So, this latest bit of news moves that stone closer to the edge of the cliff of extinction.
Soon Tesla Motors Will Set Up Shop at CODA's Former Site in LA
According to LA Observed, CODA closed the doors to its Los Angeles, California store for the last time.
Bad news for CODA, but a positive for Tesla Motors.
LA Observed reports that Tesla Motors has assumed ownership of the closed CODA facility and will soon open a showroom of its own. The site is located in the Westfield Century City shopping center, which LA Observed indicates is a high-traffic area.
Apparently, Tesla Motors already posted a sign on the shuttered CODA store, which says something along the lines of "future site of Tesla Motors." There's no indication as to an exact timeframe for the opening of Tesla's new LA showroom, but we'd imagine it won't take too long to convert one electric vehicle showroom over to, well, another electric vehicle showroom.