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Tesla to raise prices and keep more stores open

Tesla is increasing prices of its electric cars after scaling back a store closure programme.

The carmaker said the 3% price rise would not apply to the new mid-market Model 3.

Earlier this month Tesla said it would close an unspecified number of stores to fund a cut in the price of the Model 3 in the US to $35,000 (£26,400).

It will now close "about half as many" stores - making half the cost savings.

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BBC News

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