Bad news for those who love Tesla cars

The car manufacturer Tesla has announced that it will be raising the prices of its electric car by around 3%, after it partially withdrew its decision to close a number of its showrooms around the world.

The closure of various showrooms was supposed to be a measure to cut down on the company’s expenditure after it reported that last year was a difficult one.

The co-founder and Chief Executive of Tesla, Elon Musk, had caused controversy when he stated that the cars manufactured by his company were too expensive for the majority of people.

While the company retained its plans to reduce the price of Model 3, the Model 3 with extras, Model S and Model X, would be going up in price.

In the UK, the cheapest M3 version sells for €30,500. On the other hand, Model S starts from €83,000, while Model X starts from €92,750. Consumers still have a chance until 18 March to buy the vehicles at this price before they go up.

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