Tesla Has Increased The Prices On EV Lineups After The Two-Week Price-Cutting

Jyotis - Mar 12, 2019

In addition to the Model X and Model S, some other premium models will be adjusted their prices to a higher level. The new prices will come into effects on March 18.

Since about two weeks ago, Tesla has officially applied the discounted prices for its three electric car lineups including Model S, Model 3, and Model X. However, on March 11, the company changed its mind and announced that it would increase the prices for these cars once again.

In its official blog, Tesla wrote a post saying that the Model 3, which was sold for $35,000, will be shipped to the customers at the unchangeable price. In addition to the Model X and Model S, some other premium models will be adjusted their prices to a higher level. The new prices will come into effects on March 18.

At the time the company released the news on the decline in the EV prices, it also revealed that a lot of the retail stores would be shut down as a move to shift to a new kind of sales model – sell its products via the online platform.

The company added, "all sales worldwide will still be done online," however, it still keeps some retail stores open to serve the inventory storage and test drives.

A lot of Tesla employees got a shock when knowing that their company would shut down retail stores to shift to online stores. Even one employee said, “It feels like a morgue.”