Bill to restore Tesla in New Jersey advances in Assembly

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

A month and a half after Tesla (TSLA) was forced to halt direct sales at its two New Jersey stores, the state assembly's Consumer Affairs Committee unanimously approved a bill today that would allow it to restart sales.

The bill would allow TSLA - or any company that sells zero-emission vehicles directly to consumers - to open up to four stores in the Garden State.

Although it had previously allowed TSLA to sell the cars, the state's Motor Vehicle Commission justified stopping it because of a state law from the 1970s that requires cars to be sold through dealerships.