Looks like Tesla’s profiting off government subsidies has finally hit a wall in Canada.
After Tesla requested reimbursement for an unprecedented 8,669 Canadian EV rebates in just three days, the Canadian government froze Tesla’s rebate payments and paused all future eligibility.
For those keeping score, Tesla claimed to sell 1.5 vehicles per minute, a huge spike that came after the company was alerted that the rebate fund would run out.
That means that $43 million in Tesla rebate payments are frozen and future subsidies paused. Read on for the full story!
You don’t become a billionaire by not finding a way to abuse and exploit every single possible way to earn an extra buck.