TSLA News: Tesla Accused of Selling Too Many Cars in Georgia

Tesla Motors (TSLA) has been accused of selling too many Models S sedans in Georgia.

tesla-tsla-georgiaA petition from the Georgia Automobile Dealers Association is asking the Georgia Department of Revenue to stop Tesla from selling so many cars in the state. The petition claims that the electric car manufacturer has sold 173 of its Model S vehicles in Georgia in 2014. This goes past the company’s vehicle-selling limit of 150 in the state, reports The Los Angeles Times.

Tesla doesn’t have a franchise or dealers to sell its vehicles and instead does it directly through its own stores. The Georgia Automobile Dealers Association is a group of over 500 car dealers in the state. This group wants the state of Georgia to revoke the company’s dealer license and deny them the ability to apply for a new one as punishment for selling more cars than it was allowed to, L.A. Times notes.

“There’s real demand for electric cars in Georgia,”  Derrick Dickey, spokesman for the Georgia Automobile Dealers Association, told CNN Money.”All we’re asking is that Tesla sell cars in compliance with the law.”

TSLA shares were down slightly as of Wednesday afternoon.

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Article printed from InvestorPlace Media, https://investorplace.com/2014/09/tesla-tsla-georgia/.

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