Hello Massachusetts, We Are Tesla Motors Inc (TSLA)

Page 1 of 2

Saying that Tesla Motors Inc (NASDAQ:TSLA) is having difficulties expanding its operations is an understatement. Since the company does not rely on the traditional sales model, dealers in states across the country are doing their best to keep the electric vehicle maker on the outside looking in.

Before we take a closer look at what Tesla is up against in Massachusetts, let’s look back at this story: Tesla Motors Inc (TSLA) Comes Up Short In Lone Star State

The title of this piece pretty much says it all. Despite a good fight to bring its cars to the state of Texas, Tesla came up short. Here is an excerpt from the piece:

“Tesla-backed bills that would have created an exemption to current state law restricting factory-owned dealerships failed to make it to the floor of the Texas House or Senate for voting. The Legislature’s regular session ended Monday, May 27, and it won’t meet again in a general session until 2015.”

Tesla Motors Inc (TSLA)Of course, this doesn’t mean Tesla Motors Inc (NASDAQ:TSLA) is going to shy away from its goal of expanding into other states. Now, the company is focused on Massachusetts.

While Tesla is sure to face many of the same issues in this state, the company continues to forge ahead in hopes of making up ground.

A recent NECN.com story provided an in-depth at the struggles Tesla Motors Inc (NASDAQ:TSLA) has faced in this state already:

“Just to get a showroom open last year at the Natick Mall required winning a lawsuit brought by the Massachusetts Auto Dealers Association, which argued Tesla was violating longstanding state dealership franchise laws. And because of local zoning, you can’t actually buy a Tesla there; you have to go to another office five minutes away in Natick. Last month, the Natick Planning Board voted 3-2 to allow a zoning variance to enable Tesla to process sales at the mall location, but now that vote is under review by town lawyers who are trying to decide whether the vote required a 4-1 “supermajority” vote.”

Tesla Motors Inc (NASDAQ:TSLA) feels that Massachusetts is a perfect market for expansion, and has noted that New Hampshire has removed many of the roadblocks that face the company in other states.

Diarmuid O’Connell, Tesla vice president of corporate and business and development, makes a good point:

Page 1 of 2
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!