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Gov. Christie, NJ Administration, Double-Cross Tesla In Last-Minute Law

2038 Views 4 Replies 4 Participants Last post by  Kevin Sharpe
"With many of its officials and even the Governor’s office under investigation for corruption and malpractice, the state of New Jersey hasn’t really left the political news headlines since the start of the year. From the George Washington Memorial Bridge scandal to the investigation into the blackmailing of the Mayor of Hoboken, much of New Jersey’s political reputation is on the line.

Today it’s the turn of California automaker Tesla Motors [NASDAQ:TSLA] to become embroiled in the New Jersey political whirlwind after Governor Christie’s administration turns its back on months of negotiation and tries to rush through a last-minute law which would make it impossible for Tesla to sell cars to customers in the Garden State."

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I forsee a change in law in at least one state, the one that tesla chooses to site its battery factory. I am sure thats a pretty good bargaining chip.

I do wonder in a country that calls itself the free market economy, how laws that forbid a company from selling its own products ever got passed in the first place.
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So... is this where someone mentions The Sopranos?

New Jersey: World class man-in-the-middle protectionism over free trade.
Anyone remember this?


Trying to decide whether it's the same thing or not. Going concerns in the MB case, but similar reasons were cited by both sides as I recall.
Elon Musk, To The People of New Jersey...

"On Tuesday, under pressure from the New Jersey auto dealer lobby to protect its monopoly, the New Jersey Motor Vehicle Commission, composed of political appointees of the Governor, ended your right to purchase vehicles at a manufacturer store within the state. Governor Christie had promised that this would be put to a vote of the elected state legislature, which is the appropriate way to change the law. When it became apparent to the auto dealer lobby that this approach would not succeed, they cut a backroom deal with the Governor to circumvent the legislative process and pass a regulation that is fundamentally contrary to the intent of the law."

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