NJ To Change Its Stance On Tesla Motors Inc Direct Sales?

Thursday 05 June 2014 at 21:08
Thursday 05 June 2014 at 21:08
Tesla stock

The New Jersey State Assembly appears to be back-tracking on legislation that effectively prohibits Tesla Motors Inc (NASDAQ:TSLA) from selling its revolutionary Model S.

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Tesla Motors’ electric cars are a game changer

Bill O’Reilly of Fox News rarely collides with the word progressive in the same sentence. That, however, didn’t stop the host for trumpeting the benefits of Tesla Motors Inc (NASDAQ:TSLA) earlier this year while calling on Americans to rally behind the innovative automaker. “I’ll give you one concrete thing that all responsible people should be rooting for. On “60 Minutes” last night they reported on the Tesla Motors Inc (NASDAQ:TSLA) electric car, which is a gamechanger. The car runs extremely, well looks good, and doesn’t use gas — no gas at all. Now that car in the next few years could be available to millions, at a decent price.”

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“So everybody on the planet should be rooting for Tesla — I mean everybody, even traditional car companies that will have to compete. If Telsa can make a clean car the entire automotive industry can.

“Therefore the air cleaner everywhere, and our wallets, thicker. So let’s get on it people!”

“But there will be resistance. Many conservatives don’t believe in global warming, and oppose alternative energy. I hope you guys rethink the energy part. I agree many in the green lobby are self righteous, arrogant, and dumb. But we’d all be better off if clean, cheap energy becomes the norm. And that’s the truth.”

Yes, those are Bill O’Reilly’s words

Apparently, New Jersey, Missouri, Texas and other states didn’t get the memo.

Texas, or at least some Texas lawmakers, have rethought its love for the various traditional dealership associations that keep Tesla Motors Inc (NASDAQ:TSLA) from competing in the state, but that is largely based on the fact that it remains on the shortlist of four states that might find Tesla willing to build its “Gigafactory” in the state.

New Jersey, which is not on that list, just seems to have wised-up a bit. The Assembly’s consumer affairs committee today unanimously advanced a bill that would allow Tesla to exercise its direct sales business model in the Garden State.

Support and dissension

“Failure to pass this bill will inhibit the technology,” said Paul Kaufman, the director of advocacy for Greenfaith, a Highland Park based religious environmental group.

Not surprisingly, someone did speak out against the bill but she was paid to do so. That sole voice belonged to Amy Brink, a lobbyist with the Washington based Alliance of Automobile Manufacturers.

No one is asking that Bruce Springsteen’s “Thunder Road” be rewritten so that he pulls up in front of Mary’s house in an electric vehicle, only that lawmakers stop stifling innovation.

via: NJ.com

While studying economics, Brendan found himself comfortably falling down the rabbit hole of restaurant work, ultimately opening a consulting business and working as a private wine buyer. On a whim, he moved to China, and in his first week following a triumphant pub quiz victory, he found himself bleeding on the floor based on his arrogance. The same man who put him there offered him a job lecturing for the University of Wales in various sister universities throughout the Middle Kingdom. While primarily lecturing in descriptive and comparative statistics, Brendan simultaneously earned an Msc in Banking and International Finance from the University of Wales-Bangor. He's presently doing something he hates, respecting French people. Well, two, his wife and her mother in the lovely town of Antigua, Guatemala. To contact Brendan or give him an exclusive, please contact him at theflask@gmail.com


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