Tesla Motors Inc (TSLA) Completes Texas Triangle Supercharger Network
Tesla Motors Inc (NASDAQ:TSLA) has invested millions of dollars to build five Supercharger stations for connecting the “Texas Triangle.” That project is now complete. Tesla Model S drivers can now drive freely between Austin, Houston, Dallas, and San Antonio. Tesla Motors Inc (NASDAQ:TSLA) said that they are also opening two Supercharger stations in Huntsville and Corsicana on November 26. Tesla Motors Inc (NASDAQ:TSLA) also said that these stations will complement other stations in San Marcos, Waco, and Columbus. It takes around 20 minutes to recharge half the battery of a Model S. The Model S has a range of 265 miles.
Tesla Motors Inc (NASDAQ:TSLA) faces an uphill battle for selling vehicles to consumers in Texas though. Tesla Motors Inc (NASDAQ:TSLA) is known for selling vehicles directly to consumers rather than setting up car dealerships. Lobbyists and lawmakers in Texas defeated Tesla in a 2013 legislative session, which prevents the company from selling to consumers directly in the state. Tesla found a loophole to get around this law though.
Tesla sells to customers in Texas by selling the Model S in California and then delivers the vehicles to a local Tesla Motors Inc (NASDAQ:TSLA) service center or directly to the customer. Texas customers have to get an out of state registration form as well.
Employees at Tesla’s Texas galleries cannot sell cars, offer test drivers, or discuss prices after legislation to repeal these restrictions failed to come for a vote this year. Tesla Motors Inc (NASDAQ:TSLA) will be able to make a case in January 2015 again.
However, Tesla Motors Inc (NASDAQ:TSLA) is not waiting around in the Lone Star state. They surged forward by building the “Texas Triangle” superchargers. When the next chance to stand in front of the Texas Legislative Session in 2015, they will likely have to make political contributions.
[Source: Bizjournals]This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry