Elon Musk has confirmed that Tesla made a mistake by announcing it would slash the prices of its top-tier vehicles. Tesla is now making a major u-turn and will on Monday reinstate normal prices for its cars, aside from the base price Model 3. This means most of its vehicle prices will increase by about 3 percent. 'As a result Tesla will need to raise vehicle prices by about 3 percent on average worldwide.' 'The 3 percent price increase announcement still indicates ... strong demand,' said Ivan Feinseth, an analyst with Tigress Financial Partners.

Source: Daily Mail March 12, 2019 22:44 UTC