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Could a Ballot Measure Open Direct EV Sales for Rivian in Washington? [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
manufacturers to sell vehicles directly to consumers, intensifying a long-standing battle over auto sales regulations that currently give Tesla, Inc. TSLA a unique advantage. Rivian has committed $4.6 million to the effort in a bid to level the playing field with Tesla. The push is being led by the Washington Coalition for Consumer Choice and Innovation, which is advocating for a ballot measure that would extend direct-to-consumer sales rights to more EV companies. Under current state law, buyers are required to purchase vehicles through dealerships, which effectively bars direct sales by manufacturers like Rivian and Lucid Group, Inc. LCID, a luxury EV maker. Tesla has been the lone exception to this rule for more than 10 years. As a result, Rivian and Lucid operate showrooms in Washington but are prohibited from selling vehicles at those locations. The specific organizations and businesses behind the coalition have not been disclosed. The group has hired California-based Winne
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