Tesla Motors Inc (TSLA): Chris Christie says he supports Tesla, but cannot grant law exceptions

Posted Mar 20, 2014

Tesla Motors Inc (NASDAQ:TSLA) will be converting stores in New Jersey to showrooms on April 1st due to state legislature. The Motor Vehicle Commission in New Jersey voted against Tesla’s direct sales model in the state. On Tuesday, New Jersey Governor Chris Christie said at a town hall meeting that he was simply enforcing laws and that it is the state legislature that pushed Tesla Motors out from selling directly in the state, according to The Star-Ledger.

“I have no problem with Tesla selling directly to customers, except that it’s against the law in New Jersey. What they were asking for was an exception from the law. I’m not the king. I don’t get to grant exceptions to the law,” said Christie.

Last week Tesla Motors CEO Elon Musk wrote a letter about how he believed Christie made a “backroom deal” to circumvent the legislative process and pass a regulation that is “contrary to the intent of the law.”

Musk is highly influential as he runs one of the largest electric vehicle companies and one of the largest space exploration companies in the world, simultaneously. He also co-founded PayPal and sits on the board of a large solar panel company founded by his cousin. Christie clearly does not like being at the receiving end of Musk’s frustrations, which is why he wants the blame to be shifted somewhere else.

[Source: Jalopnik]