Tesla makes U-turn

Tesla on Sunday announced that it will raise the prices of some of its vehicles after deciding to keep more retail stores open than previously planned.

The electric car manufacturer said in a statement that its high-end models would see a 3 percent price hike after the company decided to “keep significantly more stores open than previously announced as we continue to evaluate them over the course of several months.”

The company said that its lowest priced and newest car, the $35,000 Model 3, will not experience a price increase.

Tesla had announced last month that it would be moving sales online and shuttering most of its retail locations in order to keep the Model 3 price low, but they are now backtracking on that strategy.