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Tesla opens first Kentucky store, selling EVs directly. Could more locations be on the way?
For the first time, Elon Musk-led Tesla is selling its lineup of electric vehicles from a Kentucky store. Tesla has been offering direct vehicle sales to buyers from its 11701 Gateworth Way store since June, according to a Tesla sales advisor, and carries all five Tesla models: Model S, Model 3, Model Y, Model X and the Cybertruck. The location also offers leasing, demo drives, and a service center. The Gateworth Way store, in the Middletown area off Interstate 64, is Tesla's first in Kentucky. Before its opening, Louisville buyers had to trek to Cincinnati to find Tesla's nearest direct sales location. The Louisville-area store has sold about 15-25 vehicles per day since opening, said the Tesla sales advisor, who answered a phone call to the sales department but declined to be named. More: BlueOval SK begins production one week out from pivotal union vote. Here's what that means Kentucky law does not allow auto manufacturers to "own, operate, or control any motor vehicle dealership in the Commonwealth," which generally precludes the direct-to-consumer business models embraced by automakers like Tesla and Rivian. But this law has a caveat: If the Kentucky Motor Vehicle Commission finds there is no independent dealer in the community "to own and operate the franchise in a manner consistent with the public interest," according to the law, the commission can grant a sales license to the manufacturer. Under this provision, Tesla was able to move forward with plans for a store in the metro, several years after opening the Gateworth Way location as a service center. Last year, the Kentucky Motor Vehicle Commission granted Tesla a sales licence for this location, the company's first in the state, The Courier Journal previously reported. Tesla also plans to operate a gallery in the Lexington area, according to the Louisville sales advisor, where prospective buyers can browse the company's lineup of vehicles. The company is hiring for several roles in Lexington, including a gallery manager based at the Fayette Mall, according to job postings on the Tesla website. More: Ford deepens EV investment as incentives vanish: 'The training wheels are coming off' Vehicle sales would not be permitted at the Lexington location without a license from the commission. As of Aug. 18, Tesla has received only one dealer license, granted to the Gateworth Way location, according to state records. The company's media relations team did not respond to a request for comment on the Louisville store's opening or plans for future store locations in Kentucky. Tesla's expansion of direct-to-consumer sales in Kentucky could help boost EV adoption in the commonwealth, where consumers have been relatively slow to make the switch to electric. Kentucky is among the lowest states for EV registrations per capita, and polling shows Americans living the South are especially resistant to buying electric, compared to other regions of the U.S. Contact business reporter Olivia Evans at oevans@ or on X at @oliviamevans_. Connor Giffin is an environmental reporter at The Courier Journal. Reach him directly at cgiffin@ or on X @byconnorgiffin. This article originally appeared on Louisville Courier Journal: Tesla opens first Kentucky store, selling EVs directly. What we know


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SharkNinja 5.5M share Spot Secondary priced at $116.00
The deal size was increased to 5.5M shares from 5.0M and priced at low end of $116.00-$118.00 target range. JPMorgan and BofA are acting as joint book running managers for the offering. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
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Tesla evacuates part of Germany plant after fire, HB reports
FRANKFURT (Reuters) -Tesla has since Monday evacuated part of its plant in Germany after a fire broke out in a building processing battery packs, the Handelsblatt newspaper reported on Thursday, adding there were no injuries or environmental damage. Tesla was not immediately available for comment. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data