Tesla Releases Its Electric Car For The Masses
Tesla Motors Inc.’s unveiling of its new electric vehicle yesterday had the marks of an iPhone release—long lines of enthusiastic consumers, a glossy product and a CEO presenting in a simple black shirt. Little new information came out about the Model 3, but with the car’s comparably more affordable $35,000 price tag and 215-mile range, Tesla is making a bid to become a mass-market auto manufacturer. Worldwide preorders for the car reached 115,000 and kept climbing last night, more than the total number of electric vehicles sold in the United States last year....