Home Current Tesla backtracks on store closures, plans top-end price rise

Tesla backtracks on store closures, plans top-end price rise

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Tesla backtracks on store closures, plans top-end price rise“Over the past two weeks we have been closely evaluating every single Tesla retail location, and we have decided to keep significantly more stores open than previously announced,” the electric carmaker said. Separately, Chief Executive Officer Musk has until the end of the day on Monday to explain why he should not be held in contempt for recent tweets that U.S. securities regulators say violated a September fraud settlement. The case is the latest major challenge by authorities to Musk’s leadership as Tesla seeks to make good on his promises to Wall Street that it will soon by consistently profitable and will not need more capital.