Tesla to raise cost of top models and U-turns on store closures

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Tesla to raise cost of top models and U-turns on store closures
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The US electric carmaker gives customers one week to take advantage of its current price structure for high-end models.

Tesla is to raise the cost of its high-end models as it U-turns on plans to sell all its cars online to help keep prices down.

The electric carmaker, which sells all new cars either online or from its own stores, said it would re-open some sites already shut in the US but with fewer staff.would help lower prices by around 6% on average. The fresh update confirmed plans to keep half its store network operating, paid for by average 3% price rises worldwide for top spec models of the Model 3, Model S and Model X.

It said potential customers had until 18 March - a week today - to place orders at the current prices.The company, run by tech billionaire Elon Musk, reiterated there would be no price increase to the $35,000 Model 3 which it had previously committed to achieve. The decisions mark a big departure from Mr Musk's declaration at the end of February that selling online-only reflected changing consumer habits.

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