Hello and welcome to the Tuesday March 12th

2019 edition of Tesla Daily on Official Tesla Podcast.

My name is Rob Mow where this is going to be just a really quick episode today.

I am still catching up on things myself after traveling earlier this week.

Normally, unless I have time to catch up, I'll generally postpone the podcast, but in this case, there's just so much happening that I felt like I probably needed to at least give a few of my high-level thoughts.

Obviously, the biggest news is Tesla coming out with an official blog post saying that they are

re-evaluating some of their store closing decisions.

From that post, quote, over the past two weeks we have been closely evaluating every

single Tesla retail location and we have

decided to keep significantly more stores open than previously announced as we

continue to evaluate them over the course of several months. When we recently

closed 10% of sales locations, we selected stores that didn't invite

the natural foot traffic our stores have always been designed for.

These are stores that we would have closed anyway.

Even if in-store sales made up our entire sales model.

A few stores in highly visible locations that were closed due to low throughput will be reopened

but with a smaller Tesla crew.

In addition, there are another 20% of locations that are under review and

depending on their effectiveness over the next few months, some will be closed and some will remain

open. As a result of keeping significantly more stores open, Tesla will need to raise vehicle prices by about 3% on average worldwide.

In other words, we will only close half as many stores but the cost savings are therefore only about half."

The base price on the $35,000 model three will stay the same, but it sounds like all the other

...