Tesla Motors Inc (TSLA): Car Sales Bill Dies in New York Minute?

This clause would mean that consumers who lived in the state and could easily go to a neighboring state to buy a new vehicle – in an effort to pay less for vehicles and avoid the sometimes-prohibitive New York taxes – could do so, but only if it is going to be a collector’s item in New York or will only be driven in the neighboring state. Hmmm.

Anyway, Tesla Motors Inc (NASDAQ:TSLA) was apparently able to generate  some strong grassroots support  against the “Tesla bill,” after making an argument that restricting competition is the opposte of “good for consumers” as the dealerships maintained, and it made an argument about the state’s commitment to green energy. In a press release stating its case, Tesla wrote, “Banning Tesla from selling its vehicles is also a step in the wrong direction for reducing carbon vehicle emissions and the green environmental movement in New York. With the State of New York pushing so hard to lead green innovation supporting entire agencies for energy efficiency like NYSERDA, it is absolutely defies logic to ban Tesla from selling electric cars in New York.”

What are your thoughts? Should Tesla Motors Inc (NASDAQ:TSLA) be allowed to selel its vehicles with its current business model? Let us know your thoughts about this in the comments section below.