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Orders for Tesla’s New Budget Model Hit 276,000

Tesla Motors’ CEO Elon Musk said worldwide orders for the company’s new lower-priced electric car have topped 276,000. Musk announced the number during an impromptu question and answer session on Twitter Sunday – more than double what the company was expecting – and suggested orders might hit 500,000 if the current pace continues. To put that number in perspective: Tesla began accepting pre-orders for the Model 3 Thursday and by Saturday had received more than twice as many...

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