Mexican Media Brands
Tesla Won’t Close Most Stores After All
Tesla Inc. has reversed its plan to shut down most of its retail stores in the U.S. and switch to online-only sales.
#hybrid
Share
Tesla Inc. has reversed its plan to shut down most of its retail stores in the U.S. and switch to online-only sales.
Last month the electric car company said it would cut costs by shutting down almost all physical stores. Now it plans to shutter only about half the outlets, all of which are company-owned.
Because leaving more stores open will affect projected operating costs, Tesla says it will raise retail prices an average 3% worldwide next week. The price hike—roughly $2,000—will apply to all models except for the company’s $35,000 base Model 3.
Tesla emphasizes that all sales of its vehicles worldwide will continue to be processed online, even for buyers who visit a physical store to see and test-drive a car. The company says stores will carry a small inventory for customers who want to take immediate delivery from the available stock.
RELATED CONTENT
-
Toyota Updates Fuel Cell Test Truck
Toyota Motor Corp. unveiled an updated version of its Project Portal fuel cell-powered heavy-duty truck with reduced weight and increased driving range.
-
On Automotive: From Supercars to Supply Chains to Stamping
New tech developments in automotive ranging from the e-motor for a McLaren supercar to how Volkswagen Group is using artificial intelligence for supply chain monitoring to how Nissan is stamping without dies
-
Audi e-tron to Get September Reveal
Audi AG will take the wraps off its first electric vehicle, the all-new e-tron crossover, on Sept. 17 in San Francisco.