Musk, 47, has described the store wind-down announced Feb. 28 as a cost-cutting move that enabled Tesla to offer a long-promised $35,000 version of the Model 3 sedan, the automaker’s first mass-market vehicle. The company will continue to offer the car at that price and will increase the cost of other variants of the sedan. The Model S and Model X also will be made more expensive, and buyers will have a week to place orders before prices rise.

Source: Los Angeles Times March 11, 2019 12:55 UTC