Tesla cuts deal to keep five N.Y. stores

|About: Tesla Motors (TSLA)|By:, SA News Editor

Tesla Motors (TSLA), New York Governor Andrew Cuomo and the state's car dealers have come to an agreement that lets the electric vehicle maker keep its five company-owned outlets open, so long as it doesn't open any more.

With legislative support, the deal is a bit further along than the one made in Ohio earlier this week, and may presage what's on the way in New Jersey.

Any new Tesla outlets in New York state would have to come under a “strengthened dealer franchise law.”