Tesla battles car dealerships

Investor's Business Daily

The electric car maker's CEO Elon Musk asked for support from its customers and fans, saying via Twitter that N.Y. car dealerships want to stop Tesla from selling directly to customers. Tesla (TSLA) released a video showing that battery packs can be swapped out quickly and easily. But despite the positive demo that featured a robot changing the batteries in 90 seconds, less than filling up the gas tank, stocks fell 1.1% to 99.55 on Fri. For the year, however, its stocks have nearly tripled.

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