Electric Vehicles

Tesla backflips on retail store closures, flags raise in EV prices

Published by

The Driven

Tesla has backflipped on plans to move all sales of its electric vehicles online, announcing that it has decided to keep “significantly more” retail outlets open, and pay for this by raising its car prices by around 3 per cent worldwide.

The about-face comes just eight days after the US EV maker announced plans to shut down most of its showrooms, in a move it said was necessary in order to achieve lower prices and reach a wider market.

In a statement on its website late on Sunday (US time), Tesla said that after close evaluation of “every single Tesla retail location,” it has decided to keep significantly more open than previously announced.

This included some that had been closed already “due to low throughput,” which Tesla said would now be reopened, but with a smaller crew.

“In addition, there are another 20 per cent 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,” the statement said.

Tesla doesn’t exactly explain why it has had this change of heart – although there is some speculation, based on a Wall Street Journal report, that it is largely because the EV maker could not get out of some of its retail leases.

Read the full story on RenewEconomy’s electric vehicle-dedicated site, The Driven…

Sophie Vorrath

Sophie is editor of Renew Economy and editor of its sister site, One Step Off The Grid . She is the co-host of the Solar Insiders Podcast. Sophie has been writing about clean energy for more than a decade.

Share
Published by

Recent Posts

One Nation promises to build new coal plants and sweat old ones in energy policy pitch to state voters

One Nation has promised to extend the life of a coal-fired power plant as part…

31 August 2026

Changing tack on Victoria’s energy transition will throw electricity savings into reverse, experts warn

One Nation and Coalition plans to review or roll back Victoria's energy policies would likely…

31 August 2026

“Smart switch:” Retailer tests time-of-use plans in bid to slash bills of hardship customers

State-owned retailer will pilot time-of-use electricity plans across 5,000 select households, to see how much…

31 August 2026

From solar cells to solar farms: Quest for ultra-low cost PV gets $100 million federal boost

Australian Renewable Energy Agency will invest more than $100 million across 20 research and development…

31 August 2026

SwitchedOn podcast: How three hours of free solar power can cost you more

Solar Sharer exposes a fundamental problem with our energy system - protecting retailer revenues can…

31 August 2026

Rooftop solar record tumbles as battery rebate drives 1 GW of new installs over just three months

April to June quarter delivers new records for home batteries and large-scale solar investment, but…

31 August 2026