In a sudden reversal Tesla says it is scaling back store closings and raising its prices.
The electric car maker said in a statement late Sunday that most models will go up in price by about 3% after it decided to "only close about half as many stores" as previously planned.
Tesla said less than two weeks ago that it would shut down most of its stores - shifting purchases to online or by phone - so that it could reduce the price of its best-selling vehicle, the Model 3, to as low as $35,000.Â
The most basic version of the car will be sold at that price but CEO Elon Musk said it is difficult to create it for so cheap.
The new 3% price increase will apply to more expensive editions of the Model 3, the Model S sedan, and Model X crossover.
Changes will take effect on March 18th.
Tesla currently has 378 stores and service centers worldwide.
Some stores that have already closed are expected to reopen but with fewer staff.
Update on Tesla Stores and Pricinghttps://t.co/Qx4MXamYd9
— Tesla (@Tesla) March 11, 2019
