Monday March 11, 2019

Tesla Raises Prices to Keep More Retail Stores Open

Tesla has announced that is going to raise prices 3% to keep more of its retail locations open. Some stores in high visibility locations will be reopened. These stores will have fewer employees, but test drives will be available. Some stores are under review and a decision will be made over the coming months to close or keep them open. As a result of keeping significantly more stores open, Tesla will need to raise vehicle prices by about 3% on average worldwide.

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Potential Tesla owners will have a week to place their order before prices rise, so current prices are valid until March 18th. There will be no price increase to the $35,000 Model 3. The price increases will only apply to the more expensive variants of Model 3, as well as Model S and X. To be clear, all sales worldwide will still be done online, in that potential Tesla owners coming in to stores will simply be shown how to order a Tesla on their phone in a few minutes. Stores will also carry a small number of cars in inventory for customers who wish to drive away with a Tesla immediately.

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