Now Tesla decides to put prices UP - and keep more Tesla Stores open

Now Tesla decides to put prices UP – having only just cut them.

Having only just revealed big price cuts across its range, Tesla has now decided it will increase prices, with a 3 per cent hike from 18 March.

Less than 10 days ago, Tesla announced it was slashing the prices of its cars – especially the top-end Model S and Model X – as increased competition looms in the shape of Premium EVs from the likes of Jaguar, Porsche, Audi and Mercedes.

Tesla also planned to close a sizeable chunk of its ‘Stores’ worldwide in an effort to cut costs and drive all sales entirely online. After all, who need Tesla Stores when all they do is show you how to buy online anyway?

Well, it seems Tesla has had a change of heart, will be cutting far fewer stores than they planned and, as a result, has decided they will put prices up as they won’t be saving as much with fewer store closures

Fortunately for buyers it seems they won’t be going up by the amount they came down (top-end Model S and Model X had price cuts of around £50k), but they will be going up.

Tesla say a three per cent rise in prices will kick in on 18 March, which will mean a rise of around £2-2.5k on entry-level Model S and Model X, although Tesla will not put up the price of the entry-level Model 3 (not that you can actually get one in the UK).

Lots of joined-up thinking and forward planning from Tesla.