Personal Finance

March 17, 2014 9:31 PM

States move to ban Tesla’s direct manufacturer-to-consumer business model

Tesla Motors’ operating license expires April 1 in New Jersey and a new state rule, approved last week by the New Jersey Motor Vehicle Commission, kicks in — banning Tesla’s direct manufacturer-to-consumer business model. Texas and Arizona prohibit Tesla’s sales model, and other states may ban or limit it.

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