The Garden State voted to ban direct auto sales yesterday and that means automakers like Tesla Motos Inc (NASDAQ:TSLA) will need to go through dealerships to sell cars there, reports CNBC’s Phil LeBeau.
Watch the videos below for more details on the news:
NJ bans direct auto sales; Tesla shares fall
NJ resident complains state ban on Tesla’s direct auto sale ban ‘restraint of trade’
Many auto dealers are speaking out against the Tesla business model. CNBC’s Bertha Coombs reports what Tesla customers are saying after the New Jersey Motor Vehicles Commission’s voted to ban the direct sale of automobiles in the state.