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| Dan Gilbert |
As the main stream media only reports part of the story, it should be noted that every State Senator and every State Representative from both the Republican and Democrat parties, with the exception of Tom McMillin, voted for the direct sales ban.
Gilbert, who has stated in the past that he's a fan of Snyder, brought the issue up
while guest-hosting CNBC's "Squawk Box" and interviewing Dallas
Mavericks owner Mark Cuban.
Gilbert said Snyder's move "sends a bad message"
about the influence of lobbyists in lawmaking.
"To me you have to have a philosophy and you have to
stick to it and you can't let your personal circumstances compromise
that," he said.
He also criticized the powerful auto dealer lobby for
battling Tesla, which wants to sell cars through "stores" instead of
franchises.
"Why don't you man up and compete like everybody else
does?" Gilbert said.
Adam Jonas, auto analyst with Morgan Stanley, agreed with
Gilbert.
"As Tesla grows in significance and expands its sales
network, we expect more debate at the Federal level on the double standard in
the application of dealer franchise laws," Jonas wrote in a note to
clients. "It's only a matter of time before something gives. We expect
that in the next two to three years, this could likely mushroom into a national
issue. We believe these laws exist to support the weakest link in the
network."
But Sandy Baruah, president of the Detroit Regional Chamber
of Commerce, supported the governor's action.
"The Chamber believes that the Detroit region, as the
epicenter of the global automotive industry and the leader in next generation
mobility, should have a business environment where all participants play by a
common set of rules," Baruah said. "The Chamber supports the
rationale Gov. Snyder utilized for signing this legislation and looks forward
to the continued discussion the governor calls for."
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