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Elon Musk has confirmed that Tesla made a mistake by announcing it would slash the prices of its top-tier vehicles.
In a series of tweets on Tuesday, the billionaire tech mogul explained that Tesla 'shouldn't have offered' the lower prices on the Model S and Model X vehicles.
Tesla - Monday - Prices - Cars - Price
Tesla is now making a major u-turn and will on Monday reinstate normal prices for its cars, aside from the base price Model 3.
This means most of its vehicle prices will increase by about 3 percent.
Retrospect - Price - Musk - Tweet
'In retrospect, lower price shouldn't have been offered,' Musk said in a tweet.
'Was done so because some simply couldn't afford it. Prices revert to normal on Monday.'
Users - Tesla - Firm - Autopilot - Software
Outraged users had reached out to Tesla after purchasing the firm's Autopilot software, which cost $5,000 before the discounted prices were released.
Users had been told that they if they purchased the software alone, it would come at a discount. Tesla has yet to release its full Autopilot software.
February - Tesla - Autopilot - Thousands - Dollars
Then, on February 28th, Tesla announced that Autopilot would cost just $3,000 - thousands of dollars cheaper than what consumers had originally paid.
The price of Autopilot will 'revert to normal' on Monday as well, according to Musk.
Musk - Tesla - Closing - Stores - Half
Additionally, Musk explained that Tesla is 'still closing stores,' as it plans to shutter about half of the stores it initially announced were closing.
On Monday, Tesla issued a blog post saying it will keep most of its physical stores open and instead raise the prices of a slew of its vehicles.
Tesla - Prices - Vehicles - Percent - Average
To make up for this, Tesla will raise the prices of its high-end vehicles by about 3 percent on average, as it strives for profitability.
The recently unveiled $35,000 Model 3 - Tesla's cheapest vehicle yet - will not be affected by the price hike.
The company said late...
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