tesla

Tesla gets relief in New York, allowed five direct-dealerships

Tesla gets relief in New York, allowed five direct-dealerships

After a tough battle between traditional dealerships and the EV upstart, the deal that Tesla Motors has managed to conclude with New York Governor Andrew Cuomo and the state's car dealers is that the company’s direct-sales outlets will be allowed to continue business, as long as they don’t open any more dealerships in the state. There are currently five company-owned outlets in New York.

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Telsa agreement gives it three direct-sales stores in Ohio

Telsa agreement gives it three direct-sales stores in Ohio

Tesla Motors' direct car sales have been a hotly contested issue in many states, Ohio among them. In December, an amendment being pushed by the Ohio Auto Dealers Association wasn't addressed by the Ohio House committee, which meant it would roll over into this year. For the time being, the auto maker has reached an agreement with the Auto Dealers Association to operate three stores in the state.

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Tesla New Jersey ban response: “Gov. Christie has a bridge closure he wants to sell you”

Tesla New Jersey ban response: “Gov. Christie has a bridge closure he wants to sell you”

After facing a ban on Tesla sales direct to customers in the State of New Jersey this week, Tesla Motors Chairman of Product Architecture and CEO Elon Musk wrote a letter. This letter speaks up on the state of the industry, suggesting that it’s not for "consumer protection" that Tesla has been banned from selling cars in the state, but to promote a monopoly for the gas-dependent auto industry in place today.

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Tesla accelerates Gigafactory plans after $1.6bn fundraiser

Tesla accelerates Gigafactory plans after $1.6bn fundraiser

Tesla has announced a surprise $1.6bn convertible notes offering, and plans to use the money to accelerate its Gigafactory project to mass-produce Li-Ion batteries at more affordable rates. The news - which will see Tesla offer $800 million aggregate principal amount of convertible senior notes due 2019 and $800 million aggregate principal amount of convertible senior notes due 2021 - will allow the company to move ahead on the Tesla Gigafactory project "faster than previously thought possible."

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