Tesla will raise prices on its cars, reverses plan to close stores

Tesla has reversed its move to close stores, the company announced in a blog post. To keep those stores open, the company says it will raise the prices of Tesla vehicles by 3 percent worldwide on March 18, except for the $35,000 Model 3, which will remain the same price.

The more expensive Model 3s, the Model S, and Model X will all increase in price. The choice to keep more stores open came after a two-week-long evaluation of “every single Tesla retail location,” according to the blog post. About 10 percent of Tesla stores have been closed recently, the blog post says. “These are stores that we would have closed anyway,” according to the post.

The company had previously announced on February 28th that…

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