https://www.cnbc.com/2019/03/05/morgan-stanley-against-the-law-for-automakers-to-sell-cars-like-tesla-does.html

Tesla's announcement last week that it is moving sales fully online "is a major event in U.S. auto retailing" because traditional automakers still need to go through physical dealerships, Morgan Stanley analyst Adam Jonas said in a note to investors on Tuesday.

"From our discussions with [traditional automakers] over many years, most auto companies would love to sell vehicles the way Tesla does. There's just one catch. They can't. It's against the law," Jonas said.