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Tesla changes its mind and raises car prices by 3 percent

11 March 2019

Last month, Tesla announced it was closing down some of its stores and lowering vehicle prices by around 6 percent. The company has now re-evaluated the decision.

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Tesla have decided to keep a significant amount of stores open. A few that have already been closed will remain so due to lack of footfall, but a percentage will reopen with smaller staff.

As a result of this, Tesla will need to raise vehicle prices by 3 percent to make ends meet. In their words, "we will only close about half as many stores but the cost savings are therefore only about half."

The good news is the Model 3 will remain at $35,000, the price rise will only effect the more expensive Model 3 option and the Model S and X. Tesla have stated that owners have around a week to place orders before the prices increase.

All sales will still be done online, stores will simply show potential owners how to process their order.


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