Tesla wins right to operate dealerships in Richmond, Va.

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

Tesla (NASDAQ:TSLA) is now eligible to operate its own stores in Richmond, Va., the Virginia Department of Motor Vehicles commissioner rules.

The decision is viewed as an important win for TSLA as the company tries to expand sales locations ahead of the introduction next year of a lower-priced Model 3 sedan.

Opponents could appeal in court, and TSLA still must obtain a license from Virginia's Motor Vehicle Dealer Board.

States have dealer-franchise laws protecting independent retailers from competition from manufacturer-run stores, but TSLA has won approval to sell direct in many states, including California.