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Tesla Suspected Of EV Rebate Manipulation In Canada Amid Sudden Sales Surge Before Deadline. 'Tesla Gamed The System', Says Industry Body - Tesla (NASDAQ:TSLA)

1. Tesla sold 8,653 cars in three days during Canada's EV rebate program. 2. The company applied for C$43.1 million in rebate funds, over 50% of total. 3. This surge in sales follows a significant 70% drop in previous months. 4. Rival brands are impacted as Tesla claims most remaining EV credits. 5. Transport Canada has not confirmed any wrongdoing in Tesla's actions.

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FAQ

Why Bullish?

Despite potential regulatory scrutiny, high sales volume boosts revenue outlook for Tesla. Historical examples show that strong sales spikes can lead to positive investor sentiment, as seen during the Model 3 launch.

How important is it?

The significant sales increase and subsequent rebate claim indicate strong demand, critical for TSLA's financial health, despite regulatory shadow.

Why Short Term?

Increased sales may provide immediate financial benefits but potential scrutiny could lead to longer-term regulatory issues, similar to past incidents with regulatory bodies affecting stock performance.

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