Tesla to raise prices after March 18

A Look Inside The Tesla Fremont Factory With Elon Musk & MKBHD

A Look Inside The Tesla Fremont Factory With Elon Musk & MKBHD

Tesla has pulled a U-turn on plans to close nearly all of its dealerships while announcing price rises for its more expensive cars. As laid out in the first installment of Tesla's master plan more than a decade ago, the company described in clear terms its plan to revolutionize the auto industry by using profits from pricier electric vehicles to develop and manufacture a mass market EV, a car we now know as the Model 3. The company will evaluate the performance of approximately 20% store locations over the next few months before determining if they should remain open or close.

Tesla said the increase is to cover the cost of keeping more of its physical stores open.

Last month, we announced that we would be winding down many of our stores and moving to online-only sales in order to pass the savings along to our customers.

Tesla's PR notes that all vehicles sales will still be conducted online, though it also states that a small number of vehicles will be on-hand for immediate purchase. Additionally, a week from now, there will be price increases on all of its vehicles with the exception of the standard range Model 3.

A number of Tesla investors are suing company chief executive Elon Musk over his recent tweets.

Some previously-closed stores will be reopened, but with fewer workers. One of the stipulations of this settlement was for Tesla to oversee all of Musk's future tweets to ensure they had no impact on the auto manufacturer's stock price.

R. Kelly explodes in his first interview after his arrest
Kelly was charged with 10 counts of aggravated criminal sexual abuse , according to Cook County State's Attorney Kim Foxx. Her best friend Oprah Winfrey urged CBS News to make the full 80-minute conversation with Kelly available. "Not true.

The internal e-mail Musk sent on Sunday may help calm those who remained at Tesla after lay-offs in January, and ongoing job cuts after that.

Tesla has finally launched the $35,000 Model 3.

"The fact that the Tesla's auto prices are going up by 3% is not worrying in itself".

Musk's lawyers face a Monday deadline to file a legal brief explaining to a NY federal judge why he shouldn't be held in contempt of court for an inaccurate February 19 tweet that could have influenced the company's stock price. Most of Tesla's leases didn't have cancellation clauses, either, leaving the company exposed to potential lawsuits. While this is normal in the auto industry, a close comparison of Tesla's 2019 sales figures shows steeper declines for the company compared to other vendors. The return policy of 1000 miles or 7 days also remains in place. That's a price point needed to reach more consumers and generate the sales that the company needs to survive, Musk has said.

The blog post doesn't give a rationale for why Tesla is backpedaling. Sales of the Model 3 have fallen almost 80 percent since that time.

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