tesla closing stores

Tesla might soon close all of its Toronto stores

Major changes are afoot at Tesla.

Not only did Elon Musk's electric car company finally release its long-awaited and very affordable Model 3 car, the brand also just dramatically lowered the prices of Models S and X by thousands of dollars. 

That means the company is officially in cost-saving mode—what with Ontario rebates on new electric cars a thing of the past—which explains why they've just announced they're closing nearly all their stores

The car company has said it will slowly start phasing out physical dealerships in North America and shift to online sales. 

The result in those closures: an average decrease of vehicle prices by about 6 percent, says Tesla's most recent blog post.

There are only 11 Tesla stores in Canada, four of which are in the GTA. 

According to Tesla, customers who purchase their vehicles online will be eligible for a one-week return (or under 1,000 miles) policy. 

"Quite literally, you could buy a Tesla, drive several hundred miles for a weekend road trip with friends and then return it for free," says Tesla. 

Only a "small number of stores in high-traffic locations" will continue to operate, though whether or not that includes Toronto's stores at Yorkdale, Sherway Gardens, or on Lawrence Ave. East has yet to be seen. 

Store closures are expected to happen over the next few months.

Lead photo by Tesla Yorkdale

Latest Videos



Latest Videos


Join the conversation Load comments

Latest in Tech

TikToker slams Canada's cell phone plans and says people 'getting screwed'

The Source store in Toronto closing and transforming into Best Buy

Time Magazine names Canadian telecom company in prestigious new ranking

The best prepaid SIM card options for visitors to Toronto

Toronto electronics store chain closes location permanently after a decade in business

Canadians can get part of $15.2 million eBook price-fixing class-action settlement

Rogers takes huge step in expansion of 5G service across entire TTC subway network

Canadians can claim up to $375 in Yahoo data breach settlement