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Tesla raises questions over UK stores’ future

by LLB Reporter
1st Mar 19 10:42 am

Car manufacturer Tesla have raised questions over the future of UK and Ireland sites, the company announced on Thursday they are only going to sell its electric cars online and will market the new Model 3 for £26,335.

Silicon Valley car maker said they will be “winding down many of our stores” over next few months and “a small number of stores in high-traffic locations remaining as galleries, showcases and Tesla information centres.”

Tesla has 378 stores worldwide, it is unclear how many store closures and job losses there will be. 20 stores are in Ireland and the UK with 10 sites in and around London.

A Tesla spokeswoman was unable to give details of the company’s plans over UK and Ireland operations.

Elon Musk, Tesla owner said, “This is the only way to achieve the savings for this car and be financially sustainable.

“It is excruciatingly difficult to make this car for 35,000 dollars and be financially sustainable.”

The online sales will help lower prices by 6% on average, including the Model S and Model X which are the higher-end models.

Tesla Model 3 will be on the UK market from the second half of this year, the car can be reserved for a £1,000 deposit online.

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