New Model 3 will extend Tesla’s reach into India, Brazil and other global markets

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FILE - In this April 1, 2015, file photo shows the Tesla Motors new showroom in Salt Lake City. State lawmakers said Wednesday, May 20, 2015 they hope to work out a compromise law this year that would allow Tesla Motors to start selling its electric cars at its $3 million showroom in Salt Lake City. Two weeks before the showroom's planned opening in March, the Utah attorney general's office ruled that it couldn't sell cars under state laws barring a manufacturer from owning more than 45 percent of any dealership. (AP Photo/Rick Bowmer, File) Tesla finally unveiled its Model 3 today. The $1,500 car drew a staggering 115,000 orders — $115 million in deposits and $4 billion in potential sales — before it had even been unveiled, but another interesting point to note is that it will be Tesla’s first to be sold in India, Brazil and other international markets. Read More