Tesla increases the prices of their vehicle to keep their stores open

Tesla Model Y SUV to be unveiled at 8.30 am tomorrow Heres what is expected

"We wouldn't be disclosing which stores or how many we intend on closing".

Tesla Inc Chief Executive Elon Musk shot back against U.S. securities regulators on Monday, arguing in a filing that his recent tweet about the electric vehicle maker's production volume did not violate his fraud settlement and he can not be held in contempt.

Because time is money, too, and EV owners don't want to waste it charging their vehicle, Tesla recently unveiled V3 Supercharging, the next step in the growth of its Supercharger network. This wasn't always going to be the case, as Musk previously said that it would utilize a bespoke platform. Speculations state that the price could be about ten percent higher than Model Y, and that it could be approximately $40,000.

The company assures this is the result of a close evaluation of every single retail location performed over the last two weeks (why didn't they do that to begin with?), and it will continue to evaluate them over the course of several months.

Tesla didn't attract the same kind of hype it has in the past when it announced last week its crossover SUV, the Model Y. The zero-emissions announcement was greeted with skepticism rather than excitement, which has only mounted since then.

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Tesla has backed off a plan to close all its USA stores and said it will instead raise prices of its higher-end vehicles by about 3 percent on average. The move is created to increase Tesla's vehicle transportation capacity and cut delivery times. The Shanghai Gigafactory is expected to produce five hundred thousand entry-level model 3's and Y's by the end of 2019. Both numbers were mentioned in prior Tesla quarterly earnings reports and an analyst conference call.

Shares of Tesla edged up less than 1 percent in trading early Monday. According to Musk, the price of Autopilot will also "revert to normal" on Monday.

"This is the only way to achieve the savings for this vehicle and be financially sustainable", Musk told reporters during a conference call announcing the change. However, this could help Tesla get more units of the Model Y out on the road, something which has been a major worry for the company with the Model 3.

At the time, Musk also walked back the company's guidance that it would be profitable in all future quarters, saying it would post a loss in the first quarter of this year.

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