Tesla reported 8,600 sales in three days, triggering $43 million in government EV rebates. A single Toronto Tesla location claimed over 1,200 sales, raising concerns about possible rebate misuse. Transport Canada is investigating potential irregularities in Tesla’s sales amid the suspension of the rebate program. Canadian officials are investigating an unusual spike in Tesla vehicle …
I don’t really get this. I understand it looks like fraud as tesla rebates are going away. However, who bought the Teslas? Are they saying the sales never occurred? Is some asshole going to have 32 cyber trunks in his driveway?
My guess is the dealership owner bought them on paper to secure the rebates and then was going to resell them as new at full price and just pocket the extra.
My guess is that nobody wants a nazi-mobile, stock prices are crashing through the bedrock, and they need imaginary sales on the books to appear to be less of a radioactive hot potato.
I don’t really get this. I understand it looks like fraud as tesla rebates are going away. However, who bought the Teslas? Are they saying the sales never occurred? Is some asshole going to have 32 cyber trunks in his driveway?
My guess is the dealership owner bought them on paper to secure the rebates and then was going to resell them as new at full price and just pocket the extra.
My guess is that nobody wants a nazi-mobile, stock prices are crashing through the bedrock, and they need imaginary sales on the books to appear to be less of a radioactive hot potato.
Likely nobody. These are probably sold only on paper, so “someone” can cash in on millions in rebates.
I hope the investigation is swift and expands to other Tesla dealers, because this is probably not an isolated scam.
I think dumping stock is less the fraud, could have been structuring sales to take advantage of tax year stuff. Like they delayed reporting.
Or they regain less from writing them off then giving them away and taking the credit… Hmmm…
Maybe the ceo of the dealership or elon musk on a few thousand proxy?
Yeah, this type of fraud often tries to remain as legal as possible by using legal backdoors.