Boston, MA 06/19/2014 (wallstreetpr) – Tesla Motors Inc (NASDAQ:TSLA) can be termed as a lucky company who is growing strong in all the segments since its inception. Talk about the car sales or about the running stock price, the company is out-performing the peers in the industry. Again, it has been showered with favorable good news. The company has got a New Jersey Assembly Approval under which it will be possible for the consumers to buy Tesla cars directly from the manufacturer. After it is passed at the New Jersey Assembly, it will move ahead to the state Senate for the consideration.
The decision against the Motor Vehicle Commission
The passing of the approval by the New Jersey Assembly is the decision against the decision made by the Motor Vehicle Commission in March 11. The eight member commission voted on March 11 against the Tesla’s dream of direct sales. The commission included gubernatorial appointees and the members of Republic Governor cabinet.
The views of New Jersey Assembly
The New Jersey Assembly supported Tesla Motors Inc (NASDAQ:TSLA) for direct sales. It praised the company for its top rated and environmentally conscious product. The company is determined to excel in the various segments including the innovative products, creation of jobs and most importantly the customer satisfaction. Based on these parameters, the New Jersey Assembly called the decision of the Motor Vehicle Commission as unfortunate.
The company’s views
Tesla believes that it is the market forces that have forced it to opt for direct sales. It stated that dealer-only-rules were made to promote healthy competition. It was one of the ways to stop the mistreatment by the manufacturers. But when Tesla Motors Inc (NASDAQ:TSLA) doesn’t have any franchised dealers, it should be exempted from the dealer rules. They should not be applicable on its retail operations. If the bill is approved then Tesla will get the required permission to open its own retail stores.
