Tesla (TSLA) to Keep More Stores Open, Raises Price Back by About 3%

Go back to Tesla (TSLA) to Keep More Stores Open, Raises Price Back by About 3%

Tesla backtracks on store closures, plans top-end price rise

March 11, 2019 2:30 AM EDT

(Reuters) - Electric carmaker Tesla Inc backed off its plan to close all of its U.S. stores in a blog post https://www.tesla.com/en_NZ/blog/update-tesla-stores-and-pricing?redirect=no and instead will raise prices of its high-end vehicles by about 3 percent on average, as it strives for profitability.

The company said late Sunday that it would now be closing only about half as many stores than initially planned in a widely criticized move earlier this month to cut overhead and shift its whole distribution network online.

"Over the past two weeks we have been closely... More

Tesla (TSLA) Q1 Delivery Numbers Slashed by Global Equities' Chowdhry

March 10, 2019 5:21 PM EDT

Global Equities Research analyst Trip Chowdhry said Tesla (NASDAQ: TSLA) Q1 delivery numbers "could be very bad," He is reducing Model 3 Deliveries estimates to 30,000 units, down from previous estimates of 60,000 Units. He is reducing Model S/X Deliveries estimates to 18,000 units, down from previous... More