Tesla Motors (TSLA) Approved for Pennsylvania Expansion
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Tesla (Nasdaq: TSLA) is positive in early trading Thursday following approval to expand in yet another state.
Reports have Pennsylvania lawmakers passing legislation to allow Tesla to increase the number of its stores in the state. The state's House passed the bill, which allows for up to five stores, by a measure of 197-2.
Pennsylvania Governor Tom Corbett will still need to sign the document for it to become official.
While other state auto groups have resisted Tesla's bold move to sell directly to customers in the past, the Pennsylvania Automotive Association has been more compliant with the electric-vehicle maker.
Tesla operates a store in King of Prussia and has service centers in Devon and Norristown. Shares are up 1.6 percent early.
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