Tesla Showroom To Come Up On Tribal Land In Connecticut To Skirt State Ban On Direct Sales
Portfolio Pulse from Anan Ashraf
Tesla Inc (NASDAQ:TSLA) plans to open a new showroom in Connecticut this fall, despite the state's ban on direct sales. The company will use a loophole that allows for direct sales on tribal land. The showroom will be located at The Shops at Mohegan Sun, on the sovereign tribal land of the Mohegan tribe. This move could be seen as a workaround of the Connecticut state law against direct sales.
July 27, 2023 | 12:11 pm
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POSITIVE IMPACT
Tesla's new showroom in Connecticut could potentially increase its sales in the state, despite the ban on direct sales. This could have a positive impact on the company's stock.
Tesla's ability to bypass the ban on direct sales in Connecticut by using a loophole on tribal land could potentially increase its market share in the state. This could lead to increased revenues and a positive impact on the company's stock.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100