Tesla walks back its plan to close most showrooms

Tesla walks back its plan to close most showrooms

DETROIT (AP) — Tesla is walking back plans to close most of its showrooms worldwide and announced price hikes for most of its electric vehicles.

Tesla announced last month that it would shutter most of its stores to cut costs so it could sell its lower-priced Model 3 for $35,000. The company continues its shift to toward online-only sales, but now says it won’t close as many stores as originally thought.

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