Tesla CEO Elon Musk: With the success of Tesla Motors Inc (NASDAQ:TSLA) on the rise, many are wondering when the company will begin to expand into new states. This holds true both for interested consumers as well as Tesla’s investors.
Well, if Tesla Motors Inc (NASDAQ:TSLA)’s CEO Elon Musk has his way, this could be happening sooner rather than later.
Musk has his targets set on the state of Texas. In fact, he is so interested in making a move into the Lone Star state that he took to the Capitol this week to make an appeal.
Here is a brief excerpt from MySanAntonio.com:
“California billionaire and Tesla CEO Elon Musk hit the Capitol on Wednesday to push for a bill that would allow the electric-vehicle maker to sell cars in the Lone Star State through its retail stores.”
Whether or not this happens in the near future is yet to be seen. That being said, it is safe to say that musk will continue to push forward with hopes of bringing Tesla retail stores to the state.
Here is more from the same piece, explaining the proposed changes and why it would benefit the company:
“HB 3351 by state Rep. Eddie Rodriguez, D-Austin, would change a Texas law that requires new cars to be sold through franchised dealerships. The bill would exempt electric-vehicle manufacturers, allowing Tesla to sell cars directly to customers in the state.”
Musk, along with many others, feels that the state of Texas is holding Tesla Motors Inc (NASDAQ:TSLA) back for one reason or the next. Obviously, he thinks there is enough opportunity in the state that it is worth fighting for.
Here is what Musk had to say:
“What we’re asking for from the Texas Legislature is really simple: Let us sell our cars directly to the people of Texas like we’re able to do in most of the country.”
In other words, he wants to do in Texas what the company does in many other parts of the country. Easy enough, right? While you would think the state would be more than willing to accommodate Tesla, especially since it has a good reputation, things have yet to work out that way.
And of course, there is one major obstacle standing in the way: the bill is opposed by the Texas Automobile Dealer’s Association. Even Musk has said that this will be a difficult roadblock to overcome.
If you don’t understand why this is so important to Tesla Motors Inc (NASDAQ:TSLA), take the time to watch the video on the next page. With Musk on the microphone, you are sure to learn quite a bit in just a few minutes.
Take a look here: