On Thursday, the Federal Trade Commission (FTC) came out swinging in favor of Tesla and its direct sales model on its blog.
This is good news for Tesla since the FTC is the body who oversees and propagates consumer protection and business competition.
The post was written by Andy Gavil, Deborah Feinstein, and Martin Gaynor, who lambasted US state lawmakers for banning Tesla because they didn’t sell their wares the old fashioned way.
On Monday, Tesla stock (TSLA) started at $202.00, climbing to a high of $206.70. It ultimately declined -3.85% to end at $199.85. The stock’s weekly performance is at about 0.87 percent.