Overview

• New York Democrats have introduced a bill to strip Tesla of its 2014 waiver allowing direct-to-consumer sales at five locations in the state.
• The proposed legislation, led by Senator Patricia Fahy, aims to reallocate Tesla's dealership licenses to rival EV manufacturers like Rivian and Lucid.
• Governor Kathy Hochul has expressed openness to signing the bill if it passes both legislative chambers.
• Tesla accounts for roughly half of the 172,000 registered EVs in New York, making the state a key market for the automaker.
• If the waiver is revoked, Tesla customers in New York may need to take delivery of vehicles out of state, potentially impacting sales and accessibility.