Boston, MA 06/18/2014 (wallstreetpr) – Tesla Motors Inc. (NASDAQ:TSLA) stock continues to hit highs in the market after reports emerged that the company might have held discussions with its rivals Nissan Motor Co Ltd and BMW AG on the possibility of collaborating on charging stations for its electric vehicles. Stocks have also surged on news that the company is all but set to deliver its Model X utility vehicles as early as the start of next year.
Tesla in Talks to Develop a Super Charger
Popularity of electric cars has in the recent past been limited to the fact that there are only few charging stations making it extremely difficult for mass orders. Tesla Motors Inc. (NASDAQ:TSLA)’s shares were up on Monday trading session by 3.14%, closing the day at a high of $231.67, outlining the impact of charging stations revelations.
Over the weekend, a report emerged in the Financial Times, indicating that Nissan and BMW are keen on talks with Tesla in a bid of developing a supercharger network. It is worth noting that Nissan is the biggest electric car maker and popular among users.
Tesla Strikes Deal with NY for Direct Car sales
Tesla Motors Inc. (NASDAQ:TSLA) and the state of New York have struck a deal that will allow the EV maker to sell its vehicles directly to customers without having to go through dealers. Andrew Cuomo, New York governor, has already signed the legislation. Tesla continues to receive positive news on its car sales with New Jersey also overturning its ban on Tesla on direct car sales.
The state of New Jersey has already given Tesla the go ahead to two more new stores in the state as well as the right to resume sales in its existing showrooms. Direct sales in New York also come with some restrictions as the EV maker will have to sell its cars through the existing five stores. If the automaker decides to expand, it will have to do the same through dealerships.
