Tesla (TSLA) Direct-Sales Approved in Maryland; Global Equities Sees Incremental Opportunity

Global Equities Research comments on Tesla Motors (Nasdaq: TSLA) following news that Maryland will now allow direct sales.

Analyst Trip Chowdhry noted that direct sales in Maryland could present an incremental 1,800 to 2,000 unit per year opportunity for the Model S/Model X. This estimate stems from historical patterns of 0.1 percent of households buying a Tesla.

Chowdhry noted that there could be upside to his estimates with the "D" (all-wheel drive) models available, which makes Tesla vehicles more appealing in colder climates.

Shares of Tesla are up 1.6 percent.

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