Tesla walks back its plan to close most showrooms

Tesla walks back its plan to close most showrooms

While it is as yet unknown if the Model Y will be made immediately available in the base version, it is known that there will be a mix of the shorter range base Model 3 and higher range and spec'd models being produced at the same time at Tesla's Fremont auto factory.

In announcing the move on February 28, CEO Elon Musk said it was necessary to cut costs in order to profitably sell the mass-market version of the Model 3 sedan for $35,000.

Cost savings from store closures will now be only about half the expected amount, Tesla said, as the company will shut half the number of stores it had originally planned.

Last month, the electric-car maker announced it was shifting to online-only sales and closing most of its 378 retail stores.

The company stated that it has evaluated all of its stores over the past two weeks and has chose to keep "significantly more" stores open than originally anticipated.

A couple of closed stores in "high visibility locations" will reopen with smaller crews, and stores will carry a reduced inventory for people who can't wait to get their cars.

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American electric vehicle maker Tesla has raised auto prices by an average 3 percent, worldwide. The company continues its shift to toward online-only sales, but now says it won't close as many stores as originally thought.

Tesla had closed 10 percent of stores recently.

"As a result of keeping significantly more stores open, Tesla will need to raise vehicle prices by about 3% on average worldwide", the company said.

A copy of Tesla's blog post explaining the new store and pricing update has been provided below. According to the blog, "these are stores that would have closed anyway".

At the time, Musk also walked back the company's guidance that it would be profitable in all future quarters, saying it would post a loss in the first quarter of this year.

Tesla justified online ordering saying that its generous return policy will compensate test drives as buyers can return a vehicle with seven days or 1,000 miles. And prices for the Model 3 will still fall, as Tesla promised earlier this month, confirming this car's position as the affordable entry model for the range. However, cars will still be available for test drives at stores at the potential Tesla owner's request. They will keep a limited number of cars so that customers can drive away with a new vehicle immediately.

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