Tesla Reaches Settlement With Michigan Over Ban Blocking Sales

(Bloomberg) — Tesla Inc. has reached a settlement with the state of Michigan over its federal lawsuit challenging a state ban on direct-to-consumer car sales, according to people familiar with the matter.An announcement of the accord is expected as soon as Wednesday, said the people, who asked not to be identified ahead of a filing in a U.S. District Court in Michigan. Terms of the settlement couldn’t be immediately confirmed.The Michigan attorney general’s office had no immediate comment. Tesla representatives didn’t respond to requests for comment.Tesla, which sells its electric cars directly to consumers in roughly two dozen states, filed …read more

Source:: Yahoo Finance

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