Orders for lower-priced Tesla hit 198,000

Nick Tobin, left, with his father, Byron Tobin, second from left, wait in line to be the first to sign a wait list to own the new Tesla Model 3 at the Tesla showroom in Pasadena, Calif., Thursday, March 31, 2016. Tesla plans to unveil its Model 3 electric car Thursday night at its Los Angeles design studio. 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/Nick Ut)