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Bobbie Jo Sparrow

This June 22, 2012 file photo shows a Tesla Model S driving outside the Tesla factory in Fremont, Calif. Electric-car company Tesla Motors has filed notice it intends to sue New Jersey over a ruling that would stop it from selling its vehicles in the state within two weeks. Palo Alto, Calif.-based Tesla claims it was unfairly targeted in March 2014 when the state Motor Vehicle Commission amended its regulations. The regulations require new-car dealers to have franchise agreements before they can be licensed. That prohibits companies from using a direct-sales model as Tesla does. (AP Photo/Paul Sakuma, File)
Sep 24, 2015

Dealer competition, not Tesla monopoly, benefits car buyers

What’s in 2.2 percent? As a percentage of total sales, it’s a number that represents the average pretax, net profit at U.S. franchised new-car dealerships, according to NADA Data 2014.

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