Looks like Tesla’s reliance on 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 federal rebates while tariffs are in place.
Read the full details and the fallout here.
The rebate is quite large. $5,000 or thereabouts in most cases. The company also fronts that money to the customer, and then claims reimbursement from the government.
Have you ever known any business to delay in collecting $5,000, particularly when it is sitting as a liability on their books until they collect? Much less to do that more than 8,000 times?
I’ll never accuse Tesla of being managed by competent people 🤷
Faaaaaaaaaaaaaaaaaair point XD