In this video press release, Assembly Majority Leader Louis D. Greenwald (D-Camden) and Assemblyman Timothy J. Eustace, D.C. (D-Bergen) hold a news conference to unveil new legislation they are sponsoring to strengthen the automobile market, promote innovation and keep Tesla Motors in operation in New Jersey.

In March, the state Motor Vehicles Commission (MVC) made a ruling that required automobiles in New Jersey to be sold through franchises.

The Greenwald/Eustace compromise legislation - which was endorsed Thursday by James Chen, Vice President for Regulatory Affairs at Tesla Motors - would reverse the MVC’s March decision, which limited Tesla Motors’ ability to compete in the New Jersey marketplace.

Under the legislation, Tesla would be allowed to sell cars directly to consumers at up to four licensed locations in New Jersey. Manufacturers engaging in direct sales would also be required to operate at least one retail facility in the state for vehicle service, which would address public safety and consumer protection concerns.

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