Tesla to raise prices, backtracks on closing most stores

Tesla store downtown Washington D.C

As part of the plan, customers will instead have to buy Tesla vehicles online or by phone rather than in person at one of its hundreds of retail outlets. Most of the company's 378 stores and services centers will stay open.

In its blog post announcing the change, Tesla said that, "we have made a decision to keep significantly more stores open than previously announced as we continue to evaluate them over the course of several months".

The hike will not affect Tesla's base Model 3, which $35,000 price tag makes it the most affordable of Tesla's lineup. The company also announced that it would be closing almost all of its stores and that the Model S and Model X would also see some slight price reductions.

Less than two weeks after it announced it would be closing the majority of its retail locations, Tesla has made a blog post revisiting that decision.

Despite the about-face, the company claims it is still moving to an online-only sales model, with store staff instructing buyers how to purchase their new auto online.

More news: Isopropyl Alcohol Smell at ISS Started to Disappear After Crew Dragon Undocked

Tesla also suggested a brick-and-mortar retail strategy was important in its annual report filed February 19, just nine days before Musk announced the pivot to online sales. According to CNBC, which received a copy of the email, Musk wrote that the company would now be keeping many of its unclosed stores open, and would even reopen some of the now-shuttered locations. InsideEVs, a publication close to Tesla, tracks USA electric vehicle deliveries and according to its numbers, January and February deliveries were down by around 80 percent compared to the months leading up. It will now raise vehicle prices by about 3 percent worldwide. The plan is a partial reversal of the announcement that surprised investors and company fans alike.

Potential Tesla owners will have a week to place their order before prices rise, so current prices are valid until March 18th. Stores will also carry a small number of cars in inventory for customers who wish to drive away with a Tesla immediately.

"A few stores in high visibility locations that were closed due to low throughput will be reopened, but with a smaller Tesla crew". The 7-day/1,000 mile test drive policy will still apply as well, though test drives will still be available in stores. Buyers coming into stores will be able to do a test drive, and if they choose to buy a vehicle, they'll be shown how to do that on their phones.

The most likely explanation for this demand drop, over and above seasonality, is that Tesla did everything it possibly could to pull sales into Q4 in order to qualify the maximum number of buyers for expiring EV tax credits.

Related News:



Most liked

12 killed in plane crash in Colombia | newkerala.com #111389
The plane was identified as a Douglas DC-3 registered at the airport in the city of Villavicencio, Xinhua news agency reported. Engine failure is suspected to be the cause of the crash though the civil aviation agency has neither confirmed nor denied it.

Trump to Request $8.6 Billion for Border Wall in 2020 Budget
Despite a record $3.6 trillion in revenue, this budget would result in a trillion-dollar deficit. The budget proposal calls for a 23 per cent decrease for the State Department and the U.S.

R. Kelly Speaks After Unknown Donor Posts $161K In Back Child Support
Kelly's attorney, Steve Greenberg, recently said Kelly has been struggling financially. "I promise, we will straighten this out". Kelly faces 10 counts of aggravated sexual abuse for allegedly assaulting four women, three of whom were underage at the time.

Nancy Pelosi Says It's 'Not Worth It' to Impeach President Trump
But to remove Trump from office would require a two-thirds majority vote in the Republican-led Senate. Pelosi said in an interview with The Washington Post that "I'm not for impeachment" of Trump.

At least 87 injured after boat collides with 'marine creature' in Japan
The Japan Coast Guard says at least 80 people have been injured after a jetfoil ferry hit an object in the Sea of Japan. There were 121 passengers and four crew members on board at the time. "People around me were moaning [in pain]".

‘Captain Marvel’ Conquers The Box Office With $153M Opening Weekend
Hollywood is a numbers town and the box office figures don't lie - which is why movie execs will be busy planning a fresh slate of diverse superhero films .

Nicki Minaj Cancels Show In France & Fans Chant "Cardi B!"
She claims that there was "not the power in the building to facilitate the show", but they were only told three hours before. They had never played the venue before and were told during sound check that everything was set to go.

Jose Canseco Accuses Alex Rodriguez Of Cheating On Jennifer Lopez
Previously, Canseco tweeted out that he had information regarding Rodriguez having an affair with Canseco's ex-wife Jessica . The former Oakland Athletics slugger was arrested and charged with battery for beating Jessica in 1997 in Miami.

Bouteflika returns to Algeria as ruling elite turn on leader
Last Thursday, Boutekflika issued his first warning to protesters, saying the unrest could create chaos in North African country . Mr Bouteflika, who has been president since 1999, uses a wheelchair and has rarely been seen in public since suffering a...

Amendola plans to sign with Lions
The Dolphins cut veteran wide receiver Danny Amendola over the weekend as part of their kickoff to rebuilding. He has a career 9.7 yards per catch average.

Apex Legends studio bans 355,000 cheating players
Respawn also said it's aware that people are asking for Apex Legends to allow players to re-connect to a match if they drop out. Others have said that they have seen this flash previously before their game loaded, but weren't able to verify it.

"Tim Apple" Gaffe Was On Purpose; It Saved Time, Words
But now Trump is arguing that the whole incident is "fake news", according to Axios reporter Jonathan Swan . I mean, you've really put a big investment in our country.

9-year-old girl found dead in duffel bag identified
Her father Antonio Jones told the outlet his daughter was "fun, loving, big heart (ed), bubbly". "I just want justice". Sketches of Trinity were released after her body was found on Tuesday last week in the hopes of identifying her.

Thunder’s George fined for public criticism of officiating
OKC is 27th in the league in personal fouls with 22.8 per game and present opposing teams with 24.9 foul shots per game (26th). A lot of those guys like play to get fouled. " I'm not the only one who says something about what's going on ", George said.

Tucker Carlson refuses to apologize for unearthed audio of inappropriate comments
He also said that women enjoy being told to "be quiet and kind of do what you're told" and that they are "extremely primitive". Rather than express the usual ritual contrition, how about this: I'm on television every weeknight live for an hour.