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Tesla Motors Inc (TSLA) Close to Victory in Connecticut – Direct Sales to be Allowed

Tesla motors inc (NASDAQ:TSLA) Tesla Model 3

Tesla Motors Inc (NASDAQ:TSLA) and other electric car makers will get permission to sell directly to consumers thanks to a bill Connecticut state lawmakers are expected to pass. Senate Bill No. 3 is a” consumer-friendly legislation”, said Senate Majority Leader Bob Duff and state Rep. Tony Guerrera, who is a co-chairman of the legislature’s transportation committee.

Tesla motors inc (NASDAQ:TSLA) Self-driving cars

Bill favors Tesla?

During a Tuesday press conference, Duff, who is also one of the chief champions of the measure, said “The world is changing and Connecticut needs to change as well. Embracing electric vehicles continues the work we’ve done to bring new and emerging technology [into] our state.”

Such a bill would promote energy conservation, generate tax revenue, spur job growth and put Connecticut on cutting edge of the technology, Duff said. Last year, this proposal succeeded at clearing the House, but it could not come up for a vote in the Senate with car dealers are vigorously opposing it.

No representative from the Connecticut Automotive Retailers Association was available to comment on the matter. GM issued a statement that denounced the bill as a special exception to state law giving Tesla Motors Inc (NASDAQ:TSLA) an unfair advantage.

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“GM believes that all industry participants should operate under the same rules and requirements on fundamental issues that govern how we sell, service and market our products,” the car maker said. GM is opposed to the idea of two different sets of laws that govern car makers in the state as it would lead to of uneven ‘playing field.’

Tesla making room for Model 3

Along with the good news, there is some bad news for the buyers, who have set their heart on the mid-range 85-kilo-Watt-hour Model S. Tesla has officially ended the production of that power level. However, the entry-level 70 kWh variants 70 and 70D (all-wheel drive) and the top tier 90 kWh variants 90D and P90D (performance all-wheel drive) are still available to the users.

Speaking to Mashable, Tesla Motors Inc (NASDAQ:TSLA) said, “the recently introduced 90kWh battery pack offers unprecedented range and value that has been well received by our customers.” And, for this reason, the firm has decided to stop offering the 85kWh battery.

With discontinuation of the 85 version, the Model S has been brought in line with the model X range. It also simplifies the production process. Tesla will be able to save more time and money, if it can cut down on the number of battery pack variants it needs to produce.

It is expected that the Model 3 will come online sometime this year. So, to make room in the assembly plant, the firm need to do this. Therefore, it should be seen as a more streamlined Model S lineup, and not as having one Model S less to choose from.

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Aman Jain

Aman is MBA (Finance) with an experience on both marketing and Finance side. He has work as a Risk Analyst for AIR Worldwide, and is currently leading VeRa FinServ, a Financial Research firm. Favorite pastimes include watching science fiction movies, playing PC games and cricket.
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