The Silicon Valley automaker is losing more than $4,000 on every Model S electric sedan it sells, using its reckoning of operating losses, and it burned $359 million in cash last quarter in a bull market for luxury vehicles. The company on Wednesday cut its production targets for this year and next. Chief Executive Elon Musk… Read the rest of this entry »Posted: August 10th, 2015 | Author: admin | Filed under: Economy | Tags: Electric Cars, Tesla, Tesla Motors | Comments Off on Tesla Loses $4,000 on Every Car Sold
Tesla Motors Inc. may get an opportunity to sell its high-priced electric vehicles in New Jersey after all. Legislation that would overturn a decision by the state Motor Vehicles Commission preventing the electric car manufacturer from directly selling…
admin | Filed under: New Jersey, NJ MVC | Tags: Electric Cars, Tesla, Tesla Motors | Comments Off on Assembly Panel Could Help Put Tesla Back on the Road in Garden State
The problem is, they’ve already gotten special treatment
They’ve been selling new cars in an unconventional way in New Jersey for one, two or four years, depending on who is telling the truth. They have a problem now, because the New Jersey Motor Vehicle Commission suddenly adopted what Tesla is calling a “new rule” that is consistent with decades old law allowing only franchised new car dealerships to sell new cars in New Jersey.
Instead of visiting a new car dealership where you test drive a car, haggle with a salesperson, wait for the salesperson to come back from pretending to talk to his/her manager, make a deal, get passed off to the business manager who bumps your interest rate, tries to sell you undercoating, credit insurance and an extended warranty and then wait a while longer to drive home in your new car, you can’t buy a car at Tesla’s two stores in New Jersey.
Tesla’s New Jersey stores are inside the Short Hills Mall in Short Hills and the Garden State Plaza Mall in Paramus. You can’t get your new electric car at one of those stores. You can’t even order it at the store. You can only look at a car and talk about it. If you want to buy one, you have to order it online and wait for it to be built in California before you take delivery. If you want to test drive one, you have to an request an appointment online. It might take a day or two for a representative to get back to you with an appointment. Test drives and new car deliveries are done out of the company’s service facility in Springfield.Art Gallagher | Filed under: Christie Administration, Economy, Motor Vehicle Commission, MVC, NJ State Legislature | Tags: Assemblyman John Wisniewski, Loretta Weinberg, Motor Vehicle Commission, MVC, New car sales, Tesla, Tesla Motors | 9 Comments »