NY Bill To Restrict Tesla Sales Advances In Assembly

Law360, New York (March 20, 2014, 4:21 PM EDT) -- A key New York State Assembly committee cleared a bill Wednesday that would prevent car manufacturers from selling directly to consumers and force Tesla Motors Inc. to sell its electric cars through third-party dealers, adding to a movement the company claims protects the dealership "monopoly."

The bill approved by the Assembly Codes Committee would bar car manufacturers from obtaining a “certificate of registration” to sell vehicles to customers. It would also require franchises that have already secured sales licenses to operate storefronts with office furniture, which...
To view the full article, register now.