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Michigan, Tesla reach agreement for direct car delivery: source

Stock MarketsJan 21, 2020 04:55PM ET
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© Reuters. FILE PHOTO: IIHS technician Floyd demonstrates front crash prevention test on Tesla Model 3 at IIHS-HLDI Vehicle Research Center in Ruckersville, Virginia

By Joseph White

(Reuters) - Tesla Inc (O:TSLA) has reached a settlement with Michigan to allow the electric-car maker to directly deliver its vehicles to customers in the state, a person familiar with the agreement said on Tuesday.

The company will be able to deliver vehicles within Michigan, but will have to issue titles for the vehicles in another state, which the customers can then transfer to Michigan, the person said.

Tesla sued Michigan officials in 2016 after the state refused to allow the company to sell cars directly to consumers instead of through franchised dealerships.

Michigan, Tesla reach agreement for direct car delivery: source
 

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Rita Brattkus
Rita Brattkus Jan 21, 2020 5:30PM ET
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Tesla is the king!
 
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