Tuesday, March 11, 2014

New Jersey bars Tesla from selling without dealers!!!


"This is an issue that affects not just Tesla customers, but also New Jersey citizens at large, because Tesla would be unable to create new jobs or participate in New Jersey's economic revival," Tesla wrote on its blog today.


Tesla Motors, which has been fighting state-by-state to be able to sell its electric cars directly to the public, just lost big in New Jersey.
The state today decided to approve a new regulation that require all new car dealers to obtain a franchise agreement in order to receive a state license, the Associated Press is reporting. In essence, it's saying that you can't buy a new car without a middleman in the state. Tesla had two dealer license issued to it.


Tesla has been fighting to sell its cars using its direct-sales model in the other states as well, such as Texas, where it lost. In New Jersey, the California-based company says it thought it had an agreement with Gov. Chris Christie's administration.

Tesla Motors, Inc. Is an American company that designs, manufactures and sells electric cars and electric vehicle power train components. Tesla Motors is a public company that trades on the NASDAQ stock exchange under the symbol TSLA. After 10 years, Tesla posted profits for the first time during the first quarter of 2013.
Tesla Motors first gained widespread attention by producing the Tesla Roadster, the first fully electric sports car. The company's second vehicle was the Model S, a fully electric luxury sedan. 

Tesla also markets electric power train components, including lithium-ion battery packs, to automakers, including Daimler and Toyota. Tesla's CEO, Elon Musk, has said he envisions Tesla as an independent automaker, aimed at eventually offering electric cars at a price affordable to the average consumer.

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