
Tesla Motors Inc. will no longer be selling its electric vehicles in New Jersey after lawmakers made it illegal to sell cars in the state without a dealer. On Tuesday, the New Jersey Motor Vehicle Commission passed a law mandating that auto manufacturers have franchise agreements with auto retailers in order to receive a license to sell cars in the state, the Wall Street Journal reported. However, Tesla, which makes the all-electric luxury Model S sedan that sells for between $60,000 and $90,000, owns its stores and sells its vehicles directly to customers. "This is at the very least disappointing, if not outright outrageous what's going on with our business in N.J. right now," said Diarmuid O'Connell, the vice president of business development at California-headquartered Tesla. State officials said Tesla was aware of the rule change from the beginning and submitted comments on it when the proposal was under public review. "Tesla is making a big play today in trying to drag political and legal intrigue into this battle when none exists," said Jim Appleton, president of the New Jersey Coalition of Automotive Retailers. Tesla will no longer be selling vehicles in New Jersey as of April 1.
GMT 09:47 2018 Tuesday ,23 January
SAP unveils big push into French tech start-upsGMT 05:07 2018 Tuesday ,23 January
Noble Group shares surge 37 percent on buyout talksGMT 19:07 2018 Monday ,22 January
BAKS spent Dh225m on charity projects in 2017GMT 22:52 2018 Sunday ,21 January
French firm "recalls baby milk product"GMT 22:27 2018 Sunday ,21 January
US company plans funds that double bitcoin price movesGMT 21:23 2018 Sunday ,21 January
Pence starts Mideast tour in Egypt amid Arab angerGMT 08:54 2018 Saturday ,20 January
Million-euro bill for firm behind Paris bike-share chaosGMT 10:47 2018 Friday ,19 January
German chemical giant BASF sees 'significant' profit leap

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor