The latest example is Tesla backing off Musk’s pronouncement two weeks ago that the company would close its stores and convert sales to 100% online. Meanwhile, the company also said that 20% of remaining stores are under scrutiny to see if the company wants to keep them open. “As a result of keeping significantly more stores open, Tesla will need to raise vehicle prices by about 3% on average worldwide,” the company said in a statement. All Tesla sales worldwide will still be done online, the company said, in that potential Tesla owners coming in to stores will simply be shown how to order a Tesla on their phone in a few minutes. Cars will still be available for test drives at stores at the potential Tesla owner’s request.

Source: Forbes March 11, 2019 20:26 UTC