Tesla is closing most of its stores in a cost-cutting measure, so it can lower the starting price of its Model 3 to $35,000 (£26,400). To save money, Tesla will close many of its stores but leave some open as galleries or “information centres” in busy areas. It has a total of 23 outlets in the UK and Ireland, consisting of 18 stores and five service centres. The online sales shift will enable Tesla to lower all vehicle prices by 6%, on average, including its higher-end Model S and Model X. However, the executive indicated the UK version would be at least 25% more in dollar terms, implying a UK price of £33,000 for the ‘“affordable” Model 3.

Source: The Guardian March 01, 2019 08:34 UTC