It’s up over $60 from where it was at this time last year, so there’s still work to do on this clearly overinflated stock
Tesla has been over inflated for years now. At one point (for quite a long time) it was worth more than every other major auto maker combined despite having pitiful profits relative to Toyota or many of the other players.
Next up: Elon sueing car drivers for not buying his swasticar just like he tried on twitter with advertisers.
He will just buy them himself, look at the sales numbers in Canada… 8,600 cars in 3 days! In Canada…
I think the canadian Feds are looking into that, and I hope they fine the ever loving crap out of him.
That particular situation looks like it may be due to how the process worked and government comments that the money would be running out earlier than planned.
Apparently dealers weren’t required to submit at the time of sale, but on a monthly or quarterly basis instead, which is a very common timeline for businesses to handle things like that. But after the announcement of the program ending early, Tesla submitted everything they had pending immediately, which makes complete sense.
I have not done a lot of research on this particular topic, and the little I have done may not have been accurate sources, but that situation would line up without needing to grasp at any crazy theories.
![[u/AdaXaX] We have power! Tesla’s stock is now 100$ less worth than one month ago. Keep the boycott spinning! Buy from the EU only!](https://feddit.org/pictrs/image/62714b19-8b16-4ee0-8245-713a4dcc9ac1.jpeg){kind=link}