Tesla walks back its plan to close most showrooms; US$35K base Model 3 will still be available, but prices rising on all other models
The company still will move to online-only sales, but now says it won't close as many stores as originally thought.
In a Monday filing with government securities regulators, Tesla now says it closed 10 per cent of its stores, but a few of those will now remain open. Another 20 per cent are being evaluated and some could remain open. Remaining stores could have fewer workers, but will have vehicles available for test drives and a small inventory in case people want to buy immediately, the statement said.
Gartner analyst Michael Ramsey called the move "startling" and said it undermines the credibility of Musk and Tesla's management. The move made no sense to begin with because Tesla had spent millions fighting in courts and state legislatures trying to change laws that prevented companies from selling vehicles at their own stores, Ramsey said.
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