Tesla Motors (Nasdaq:TSLA) has pulled out of selling cars in New Jersey effective April 1. New Jersey has joined Arizona and Texas in insisting sales go through independent dealers.
Governor Christie is not thinking [maybe he does not know about this one]. Tesla shows every sign of being a disruptor in the automotive field and bringing more full efficient less polluting cars to the market.
Nothing about allowing a Tesla to be registered with Jersey plates. So the corporate stores in other states will drive the very big sales tax on cars to other states.
Garden State needs to think this one through.
For the conspiracy buffs the other car companies are scared and are using what ever means available to slow down Tesla. Texas and New Jersey are big markets. Big auto will not care how silly the politicians look.
So add another factor to the Bear Case Scenario. Back room politics designed to frustrate Tesla.
George Gutowski writes from a caveat emptor perspective.