Tesla changes tack: More stores to remain open, prices rise to compensate

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Just two weeks after Tesla announced it would close most of its stores and move to an online sales model, the electric car maker has reversed course. To soften the blow of the initial announcement, the company used projected savings to reduce prices across its range by around six per cent, while some models in Australia had prices slashed by around $80,000. The move also allowed Tesla to introduce its much-anticipated US$35,000 ($50,000) entry-level Model 3 variant.

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