Tesla Motors Up Amid New Jersey Allowing Direct Sales

Shares of Tesla Motors Inc

moved higher Wednesday amid news that New Jersey Governor Chris Christie had signed a law allowing the company to resume sales in the state. http://www.njleg.state.nj.us/2014/Bills/A3500/3216_I1.HTM http://www.nj.com/politics/index.ssf/2015/03/tesla_recharged_christie_signs_law_to_restart_elec.html Christie stated, "I said last year that if the Legislature changed the law, I would sign new legislation put on my desk and that is exactly what I'm doing today. We're pleased that manufacturers like Tesla will now have the opportunity to establish direct sales operations for consumers in a manner lawfully in New Jersey," according to nj.com. http://www.benzinga.com/news/14/03/4392524/elon-musk-issues-comment-to-the-people-of-new-jersey The decision concludes a nearly year-long struggle for Tesla and will allow the company to sell directly to buyers without having to use dealerships. Tesla Motors Inc recently traded at $198.35, up 1.86 percent.