Tesla postpones price hike to Wednesday because of 'unusually high volumes'

Tesla postpones price hike to Wednesday because of 'unusually high volumes'

5 years ago
Anonymous $Dftgs0JzgE

https://www.cnet.com/roadshow/news/tesla-postpones-price-hike-unusually-high-volumes/

Tesla announced in late February that it intended to shutter all its brick-and-mortar retail stores in favor of online-only sales. CEO Elon Musk said on a conference call that this decision was made with money in mind, and that cutting the costs associated with these stores would give the company the financial leeway to build the $35,000 Model 3. At the same time, the company said it would pass some of that savings on to the consumer by way of lowering Model S and Model X prices. The subsequent U-turn came about two weeks later.

It's been a busy couple of weeks for Tesla. In addition to flip-flopping John Kerry-style on its pricing and retail strategy, the automaker also unveiled the Model Y, a Model 3-based SUV that borrows the bulkier butt of the Model X without the annoyance of overcomplicated rear doors. It's relatively affordable, starting at $39,000 for the Standard Range variant, but it's not slated for release until late 2020.

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