Tesla's move to close stores puts dealer franchise debate into spotlight

Tesla's move to close stores puts dealer franchise debate into spotlight

5 years ago
Anonymous $Dftgs0JzgE

https://finance.yahoo.com/news/teslas-move-to-close-stores-puts-dealer-franchise-debate-into-spotlight-214547665.html

“Tesla’s company-owned stores have required special exemption from decades-old dealer franchise laws,” said stock research firm JMP in a report. JMP adjusted its price estimate for Tesla to $406.00 from $319.88 per share. “While Tesla will likely assert that it indeed will have sufficient resources to maintain the consumer safety of the fleet, we expect a number of legal challenges to this move.”

What form those legal challenges would take is unclear.

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