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...
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