Bidness Autos - Tesla Motors Receives License To Sell Cars In Maryland

The auto making company has successfully received permission from the government of Maryland to make direct sales of its luxury cars in the state.

Tesla Motors is in the news again and this time, it is all for the right reasons. According to the most recent news update, it was seen that the auto giants received the much-awaited permission from the authorities to start the procedure of directly carrying out sales from Maryland, something that the firm has long been trying to get approved.

The electric car makers have been facing trouble from the other rivals in the industry which is why this process got delayed. Despite all the difficulties faced, the giants have finally managed to obtain something that should be reckoned with. Following the news, the hybrid car makers are now in a position to supply its luxury cars from the state of Maryland. This process is expected to start in October by the automakers.

Since the success news, Tesla stock went right upwards on the stock index reaching a share price of $245.10 as per the latest data available. The delays in signing the deal and for granting the auto company permission to sell its cars in the state were made due to various other reasons. The law of Maryland for the automotive sale and resale has been reconstructed for the electric cars makers so that it can freely sell its cars in the region. The law has now been changed into the company’s favor now which says that every distributor and manufacturer that deals in making electric cars or hybrid cars will only be allowed to carry out selling transactions, a category that the company now falls in.

On the other hand, according to a news piece posted by the International Business Times, Tesla Motors has been stopped from carrying out direct sales in around twenty-five states of the United States. Since the CEO of the smart car making company believes in delivering the firm’s cars through the company itself, he has been seen fighting for permission to be granted to him so that he can make direct sales.

The permission to make direct sales in Maryland is being taken as huge success news for Tesla by the analysts who believe that this is one more accomplishment for the company after the same permission was granted to the automakers in New Jersey.

According to Bidness ETC, the electric car making company is looking towards receiving permission from the governments in Michigan and Texas as well, all for the same reason. Similarly, the automakin' firm is also looking towards entering more states to make sales accordingly.