China Celebrates Consumer Freedom with Tesla (NASDAQ:TSLA)
You Can't Buy a Tesla in New Jersey, but you can in Beijing!
It's just been announced that Tesla (NASDAQ:TSLA) has inked a deal with Alibaba Group to allow customers to order and pay for Tesla vehicles online.
That's right. While some states in the U.S. won't allow Tesla to sell its vehicles unless done so through a middle man, Uncle Mao's burgeoning capitalists are acting more like free-market thinkers than Americans.
Although the FTC did recently chimed in on this issue, stating (unofficially, of course) that state laws prohibiting direct automobile sales by manufacturers was bad policy and that regulators should differentiate between regulations that truly protect consumers and those that protect the regulated.
Of course, having any regulations exist at all when it comes to buying any legal product is completely absurd. But when the car dealerships write those fat contribution checks to their favorite lawmakers, well, you can see where I'm going with this.
In the meantime, Chinese citizens now have the freedom to do something many in the U.S. don't. The freedom to buy a car directly from the manufacturer, without the interference of a mandated middle man. Unreal!
Enjoy this article? Get even more in our FREE newsletter!
After getting your report, you’ll begin receiving the Green Chip Stocks e-Letter, delivered to your inbox daily.