Tesla rises after co launches new Model 3 for $45,000
FILE PHOTO: Rows of the new Tesla Model 3 electric vehicles are seen in Richmond, California, U.S., June 22, 2018. REUTERS/Stephen Lam/File Photo
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- Shares of electric carmaker (NASDAQ: TSLA) up 1.6 pct at $268.21 premarket
- Co introduces a new $45,000 version of Model 3 sedan, as U.S. tax breaks for TSLA cars are about to decrease
- Rear-wheel-drive model has a "mid range" battery, a range of 260 miles, according to TSLA's website
- Up to Thursday's close, stock had fallen ~15 pct this year, after gaining ~46 pct last year
(Reporting by Akanksha Rana in Bengaluru)
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