Wednesday, 20 March, 2019

Tesla to raise vehicle prices, keep more stores open

Tesla hits brakes on retail store closures, will raise prices instead Tesla will raise prices and backtrack on closing most of its stores
Priscilla Morrison | 11 March, 2019, 13:59

However, amid recent store closures and related staffing cuts, Tesla announced on Monday that it has chose to reopen some stores that are in high visibility areas. The company said that the 10% of stores it had recently closed weren't performing and would've been closed anyway. The stock has slumped since then, closing at $284.14 on Friday, after Chief Executive Officer Elon Musk slashed the prices of Tesla cars and announced the company will close nearly all its stores.

Tesla says the move will allow it to keep open more of its Tesla stores than previously planned.

What a difference two weeks makes in Tesla news.

"In addition, there are another 20% of locations that are under review, and depending on their effectiveness over the next few months, some will be closed and some will remain open". Musk did not specify how many stores would close, or how many jobs would be lost as a result.

More news: Golf Roundup: Fitzpatrick takes 1-shot lead over McIlroy at Bay Hill

The carmaker said potential buyers can place orders until March 18 at the old prices. As a result, the company will increase vehicle prices by about 3% on average, globally.

Tesla Inc Chief Executive Elon Musk has until the end of the day on Monday to explain why he should not be held in contempt for recent tweets that US securities regulators say violated a September fraud settlement.

Tesla said the worldwide price hikes will apply to the more expensive variants of Model 3, Model S and Model X, and there will be no price increase to the $35,000 (£26,975) Model 3.

Fortunately, test drives will still be available by request and stores will have a few cars on hand for anyone who decides they need to buy one on the spot.

Recommended

Philadelphia is the first U.S. city to ban cashless stores Philadelphia is the first U.S.  city to ban cashless stores Philadelphia councilman Bill Greenlee, who co-sponsored the bill, believes the new law will help re-level the playing field. The Bezos-owned company plans to open up 3,000 cashless stores across the country by 2021.

Captain Marvel in Clifton: superhero star surprised NJ movie fans Captain Marvel in Clifton: superhero star surprised NJ movie fans Sony Pictures' A Dog's Way Home ranked second, fetching $880,000 in its second weekend, easing by 31 per cent. Academy Award best-picture victor " Green Book " continued to see one of the largest Oscar bumps in years.

116 year old Kane Tanaka is confirmed the oldest person alive 116 year old Kane Tanaka is confirmed the oldest person alive And BBC News reported that when Tanaka was asked during the event what her favorite memory was, she responded: "This right now". The title passed to her after another Japanese woman, Madam Chiyo Miyako, died on July 22 previous year at the age of 117.

If Dragon's Dogma sells well on Switch, DMC5 may follow If Dragon's Dogma sells well on Switch, DMC5 may follow Capcom today finally launched the fifth installment of the very popular Devil May Cry series called the Devil May Cry 5 . Dante is all ready to be unleashed today as the game releases today worldwide depending on the region you live in.

I'm backing ugly but effective Wales to win Six Nations grand slam I'm backing ugly but effective Wales to win Six Nations grand slam This is the unbeaten tournament leaders' fourth successive Six Nations victory - and their 13th of a record-breaking winning run. Gatland would become the first Six Nations coach to win three Grand Slams if Wales win in his final game in charge of them.

Trump to seek another $8.6 billion for border wall Trump to seek another $8.6 billion for border wall Many lawmakers accused Trump of overstepping his constitutional powers by declaring an emergency to free up the funds. The budget would arrive as the Senate readies to vote this week to terminate Trump's national emergency declaration.

Rio Tinto's shares take hit after two analyst downgrades Rio Tinto's shares take hit after two analyst downgrades Whereas, in last 21 trading days (one month) was surged 4.32% and isolated positively in last 63 trading days (quarter) of 26.58%. A CCI reading above +100 would imply that the stock is overbought, and a reading of -100 would imply that the stock is oversold.

Baby of teen who left United Kingdom to join ISIS dies Baby of teen who left United Kingdom  to join ISIS dies Global law forbids countries from making people stateless by revoking their only citizenship. "I'm sorry. Shamima Begum , who joined the Daesh* terror group in Syria back in 2015, when she was aged 15.

Conservatives Flip Out Over Alexandria-Ocasio Cortez Essentially Calling Ronald Reagan Racist Conservatives Flip Out Over Alexandria-Ocasio Cortez Essentially Calling Ronald Reagan Racist Elizabeth Warren of MA and Amy Klobuchar of Minnesota, were at the festival making their appeals to the same audience. Former Starbucks CEO Howard Schultz, who is also considering a presidential bid, also made the pilgrimage.

LSU's Will Wade suspended indefinitely after Yahoo! report LSU's Will Wade suspended indefinitely after Yahoo! report In a different telephone call with Dawkins, Wade joked that the player would be compensated more than the "rookie minimum". The 1981 team went on to finish the postseason with an LSU-record 31 victories.

India vs Australia, 3rd ODI: Virat Kohli’s 41st Century goes in vain India vs Australia, 3rd ODI: Virat Kohli’s 41st Century goes in vain Khawaja, spilled at backward point by Shikhar Dhawan early in his innings, could not be denied his maiden ODI century . However, the Indian bowlers made a terrific comeback in the final few overs to restrict the visiting team to 313.

Leak: Here's Battlefield V's 'Firestorm' Battle Royale Leak: Here's Battlefield V's 'Firestorm' Battle Royale What we do know however, thanks to the video, is that players won't just get loot from completing objectives or hacking safes. Hacking safes is a completely new thing, for starters, although we don't get to see what's actually involved.

Atiku's dispute of elections result expected, says Buhari Atiku's dispute of elections result expected, says Buhari Fears of possible election-related violence has led to the massive deployment of security personnel across the country. Most domestic and global observers said last month's presidential vote was credible, despite well-documented problems.

Indonesian woman freed after murder charge dropped in Kim half brother killing Indonesian woman freed after murder charge dropped in Kim half brother killing Malaysian officials have never officially accused North Korea and have made it clear they don't want the trial politicized. The defense phase of the trial had been scheduled to start in January but was delayed until Monday.

PE man almost swallowed by whale escapes unharmed PE man almost  swallowed by whale escapes unharmed Mr Schimpf instantly held his breath, fearing the whale was going to dive down with him and spit him out deep below the surface. Rainer Schimpf seen in the mouth of the Bryde's whale off Port Elizabeth , South Africa , in February.