‘Against the law’ for automakers to sell cars like Tesla does

Paul Hennessy | NurPhoto | Getty Images

The Tesla dealership in Eatonville, Florida is seen on March 1, 2019, the day after Tesla announced that it was closing its retail stores as a cost-cutting measure, in a shift to on-line only sales.

Tesla’s announcement last week that it is moving sales fully online “is a major event in U.S. auto retailing” because traditional automakers still need to go through physical dealerships, Morgan Stanley analyst Adam Jonas said in a note to investors on Tuesday.

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