Tesla announces it won’t close majority of stores which means smaller price drops
AutoExec Summary
Tesla had initially announced plans to close most of its stores and move to online sales in order to reduce vehicle prices by about six percent on average. However, Elon Musk has now revealed that the majority of store locations will remain open, resulting in a smaller price drop of about three percent on average. The most affordable Model 3 will not be affected by the price increase, and the previously announced larger price drop will still apply to orders placed before March 18. Additionally, Tesla has upgraded its Supercharger network to cut charging times by 50 percent, with top shelf Model S versions receiving significant discounts.
Brands mentioned: Tesla, Porsche, Audi, Mercedes