TSLA

Tesla, Inc.

791.0000
USD
-5.13%
791.0000
USD
-5.13%
176.9919 968.9899
52 weeks
52 weeks

Mkt Cap 142.48B

Shares Out 178.12M

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Michigan, Tesla reach agreement for direct car sales: source

FILE PHOTO: Philip Floyd, senior engineering technician for the Insurance Institute for Highway Safety (IIHS), demonstrates a front crash prevention test on a 2018 Tesla Model 3 at the IIHS-HLDI Vehicle Research Center in Ruckersville, Virginia, U.S., July 22, 2019./File Photo

(Reuters) - Tesla Inc (TSLA.O) has reached a settlement with Michigan to allow the electric carmaker to directly sell vehicles in the state, a person familiar with the agreement said on Tuesday.

Tesla 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.


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