Tesla showroom inside Defunct Casino? Here’s why it’s a clever bet
With various US countries refusing to ban showrooms that sell directly to EV makers, Tesla has come up with a clever New Mexico solution. In the province, Tesla has committed to the first Nambe Pueblo nation to establish a showroom and service center inside a disused casino in the country, reports Carscoops.
Now that the laws of the land do not apply to the Nambe Pueblo state, Tesla can easily escape the restriction of direct sales and use the building freely. Through this initiative, the EV manufacturer has been able to expand its presence in the US province, and with great ingenuity.
Although a national site with a population of about 1,700, the service center is located just 30 minutes from Santa Fe, the capital of New Mexico, and 90 minutes from Albuquerque, the largest city in the province.
While the move could help Tesla and help cater for more people without the hassle of legal action, the move has also benefited the nation as a whole. Nambe Pueblo Governor Phillip Perez said this would create jobs for local people, the report said. Tesla also works with the national community to provide education and training opportunities for members, as well as economic development.
Nambe Pueblo Democratic Alliance MP Martin Heinrich also welcomed the move, saying, “I hope this is just the beginning of a partnership like this to bring economic opportunities to traditional communities,” the report said. “I can’t wait to see if Tesla and Pueblo will build this partnership in the months and years to come and train workers and workers in well-paying, long-term jobs right here in Nambé,” Heinrich said.
Last year in December, a Michigan bill banning Tesla and other EV manufacturers from using real estate in the United States failed as lawmakers protested the bill as opposed to the adoption of EV.
Elon Musk became the richest man in the world on January 7, when a further rise in Tesla’s stock price increased his gross domestic product to $ 195bn (£ 141bn). “How weird,” he wrote on Twitter.
He is not the only one to experience this dilemma. By 2020, Tesla has shipped less than 500,000 cars but added about $ 750bn to their market value. General Motors sold 2.5 million cars by 2020 and owns more than $ 200bn, but its market capitalization is a small fraction of Tesla’s, at $ 62bn. According to its current price-to-earnings ratio, it could take Tesla about 1,600 years to make as much money as the stock market has invested in it.