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Tesla Motors Inc. CEO Elon Musk speaks at the unveiling of the Model 3 at the Tesla Motors design studio Thursday, March 31, 2016, in Hawthorne, Calif. The promise of an affordable electric car from Tesla Motors had hundreds of people lining up to reserve one. At a starting price of $35,000 "before federal and state government incentives," the Model 3 is less than half the cost of Tesla's previous models. (AP Photo/Justin Pritchard)
Tesla Motors Inc. CEO Elon Musk speaks at the unveiling of the Model 3 at the Tesla Motors design studio Thursday, March 31, 2016, in Hawthorne, Calif. (AP Photo/Justin Pritchard)
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Orders for lower-priced Tesla hit 198,000

Demand for Tesla Motors' new lower-priced electric car surprised even the company's CEO Friday as 198,000 people plunked down $1,000 deposits to reserve their vehicles.

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Category: Money & Business Tags:
A Tesla Motors vehicle
A Tesla Motors vehicle (Joe Raedle/Getty Images)
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Tesla Gets 2 Additional Weeks to Sell Cars in NJ

An extension granted by New Jersey's Motor Vehicle Commission means Tesla will be able to sells its electric cars in the state for at least two more weeks.

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Category: New Jersey News Tags: ,

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