Tesla Motors Inc (TSLA), PORSCHE AUTO ADR (POAHY) – An EV Maker’s Political Battle: This Time It’s About the Stores

According to Bloomberg, Volkswagen AG (ADR) (OTCMKTS:VLKAY) is gearing up another wave of expansion where it hopes to sell over three quarters of a million units in 2018, passing Toyota Motor Corporation (ADR) (NYSE:TM) and General Motors Company (NYSE:GM) in the process. With this type of expansion on the horizon, the dealership side is just a part of the equation at this rapidly growing auto giant.

Store support

In contrast to many established laws and the actions of certain state legislatures, American citizens (and quite likely those of foreign nations too) generally support the ability of Tesla to sell its vehicles directly to the consumer through company-owned stores. Whether this is because of a love of competition, a dislike of traditional auto dealers, or a broad-based support for Tesla’s products, the support of the populace should help to prevent more laws restricting Tesla’s sales abilities from being passed.

Already over 100,000 people have signed a “We the People” petition on the White House website in support of a federal law to allow Tesla to sell its products in any state. With a federal law requiring bi-partisan agreement in Congress (and any agreement in Congress being well out-of-the-money) to be passed into law, it does not appear likely such legislation will occur at the federal level.

But, the support required to even get the signatures necessary for a response shows there is now a large base of Tesla supporters. And if Tesla can translate these store supporters into store goers, it could have a lot of orders on its hands.

The article An EV Maker’s Political Battle: This Time It’s About the Stores originally appeared on Fool.com and is written by Alexander MacLennan.

Alexander MacLennan owns shares of Tesla Motors. This article is not an endorsement to buy or sell any security and does not constitute professional investment advice. Always do your own due diligence before buying or selling any security. The Motley Fool recommends Tesla Motors . The Motley Fool owns shares of Tesla Motors. Alexander is a member of The Motley Fool Blog Network — entries represent the personal opinion of the blogger and are not formally edited.

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