Tesla Loses Bid To Overturn Louisiana's Ban On Direct Car Sales
Portfolio Pulse from Benzinga Newsdesk
Tesla has lost its bid to overturn Louisiana's ban on direct car sales, according to a court document. This prevents the company from selling its vehicles directly to consumers in the state.
June 16, 2023 | 7:43 pm
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Tesla's loss in overturning Louisiana's ban on direct car sales prevents the company from selling its vehicles directly to consumers in the state.
Tesla's inability to sell its vehicles directly to consumers in Louisiana may negatively impact its sales and revenue in the state. This could lead to a short-term negative impact on the stock price as investors may perceive this as a setback for the company's expansion plans.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100