Tesla Motors Inc (TSLA): Banned From Michigan

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October 23, 2014 12:22pm ETF BASIC NEWS

teslaDan Gilbert, Quicken Loans CEO, wants to know what Mark Cuban thinks about Michigan’s bill banning direct Tesla Motors Inc (NASDAQ:TSLA) sales.


“Michigan has become the latest state to ban Tesla from selling its cars straight to consumers, with Governor Rick Snyder signing a law yesterday that prohibits direct sales,” Jacob Kastrenakes  Reports.

Kastrenakes goes on to say, “Michigan joins a growing number of states that have banned or highly limited Tesla from opening and operating its own stores, generally at the pressure of dealerships that want to maintain their dominant market position and are threatened by manufacturer-owned stores. Dealerships say this protects consumers.”

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