Tesla's direct sale model has gotten a green light in New York and New Jersey, but its isn't without strings attached. New York has decided to let Tesla keep its five initial stores, but any additional stores must go through a dealership. In New Jersey, legislators moved to overturn a ban from March that Governor Christie and his appointees had initiated in order to protect auto dealers. The bill overturning the ban was passed by the assembly, but now has to go to the Senate for a vote. Tesla also announced that its more economical Model X should begin deliveries in early 2015.

More from Video

One-on-One With Carnival Corporation CEO Arnold Donald (Watch)

One-on-One With Carnival Corporation CEO Arnold Donald (Watch)

Replay: Jim Cramer on the Markets, Tiffany, Micron Technology and Union Pacific

Replay: Jim Cramer on the Markets, Tiffany, Micron Technology and Union Pacific

Carnival CEO Arnold Donald: China Will Become the Largest Cruise Market

Carnival CEO Arnold Donald: China Will Become the Largest Cruise Market

KPMG US Chair and CEO: Survey Shows CEOs are Still Worried About Cyber

KPMG US Chair and CEO: Survey Shows CEOs are Still Worried About Cyber

Rent the Runway co-founder Chats with Cramer on Equal Pay and a Good Pair Jeans

Rent the Runway co-founder Chats with Cramer on Equal Pay and a Good Pair Jeans