Tesla opened its first South American store this week, displaying its sleek electric vehicles (EVs) at an upscale mall in Chile's capital Santiago, as the automaker grapples with a slowdown in EV demand and the growth of Chinese rivals. Tesla has retail outlets in Mexico but had yet to expand into South America, according to its website. Chile has a target to sell only electric vehicles by 2035, although EV-adoption is still low in general in Latin America, with consumers wary of high prices and limited charging station networks.