Texas Bloomberg Report: Telsa CEO supports electric car bill

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by Deborah Kostroun / Bloomberg

kvue.com

Posted on April 11, 2013 at 6:06 AM

Updated Wednesday, Apr 17 at 5:34 PM

Elon Musk, the billionaire who leads Tesla Motors, is asking the Texas Legislature to pass a measure that would allow the electric car maker to sell directly to consumers. Musk says the current law requiring cars to be to sold by franchise dealers is hurting his business. He says Texas would make up 15 to 20 percent of Tesla's U.S. Sales up from six percent now. A Tesla Model S electric sedan runs about $70,000 to $100,000 depending on battery size and options.

Texas ranks second in the country in growth of women-owned businesses over the past 16 years. Texas has over 737,000 women owned firms employing over 616,000 Texans attributing to nearly $115 billion.

Alco stores is moving its corporate headquarters to the Dallas suburb of Coppell from Kansas because it wants to be in a more metropolitan area. The move will occur in June. Alco has 217 stores with 35 in Texas.

Dallas-based Southwest Airlines and the Hispanic Association of Colleges and Universities are providing travel grants to hispanic college students. You can submit an application by May 15 through this website hacu.net. Winners will receive up to four roundtrip tickets to fly to and from their university.

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