Tesla Settles Michigan Dealership Lawsuit

Date : 01/22/2020 @ 7:41PM
Source : Dow Jones News
Stock : Tesla Inc (TSLA)
Quote : 800.03  -3.97 (-0.49%) @ 4:59AM
After Hours
Last Trade
Last $ 802.50 ▲ 2.47 (0.31%)

Tesla Settles Michigan Dealership Lawsuit

Tesla (NASDAQ:TSLA)
Historical Stock Chart

1 Month : From Jan 2020 to Feb 2020

Click Here for more Tesla Charts.

By Kimberly Chin

 

Tesla Inc. (TSLA) will be able to sell and service its cars to Michigan residents under a settlement that would dismiss the company's lawsuit against Michigan state that prevented Tesla from selling directly to consumers through company-owned stores as well as from opening service centers.

The settlement on Wednesday will allow Tesla to sell its vehicles to Michigan customers "as long as the sales contract indicates the sale took place in a state other than Michigan," the Michigan Attorney General Dana Nessel's office said in a statement.

The attorney general's office said Tesla can also indirectly own service-and-repair facilities in Michigan through a subsidiary, Tesla Michigan.

 

Write to Kimberly Chin at kimberly.chin@wsj.com

 

(END) Dow Jones Newswires

January 22, 2020 14:26 ET (19:26 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

Latest TSLA Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.