Tesla has announced that the company has decided to reverse the closing all its retail stores in the US. They stated that only half of the originally planned retail stores will get shut down to remain profitable.
The company decided, initially, to move their entire sales online. This move allowed them to introduce the $35,000 Tesla Model 3 and be able to lower the prices of their cars by 6%. The partial reversal of their decision led to all prices of Tesla vehicles rising by 3%, but the $35,000 Tesla car will stay the same. Tesla said that some stores in “high visibility locations” which were previously closed, will be reopen, with smaller numbers of staff.
“Over the past two weeks we have been closely evaluating every single Tesla retail location, and we have decided to keep significantly more stores open than previously announced,” the electric carmaker wrote in the blog post. “Depending on their effectiveness over the next few months, some will be closed and some will remain open,” they added.
Tesla, however, said that even at the open retail stores, all sales will be only conducted online. There are 378 stores and service locations but the company was not specific about which ones it would close. There will be also only a small amount of cars available to the public for immediate delivery.
A part of FSIP 2019 (Fall Summer Internship Program), Akshat is a diligent, optimistic student with the thirst to learn and gain experience in the field of Computer Science. The aim is to make a positive and life-changing impact on the world. Loves to dabble into writing and express creativity through the written word.