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Tesla sparks debate after using legal loophole to boost sales: 'They just scammed the government' [Yahoo! Finance]

Tesla, Inc. (TSLA)  More Company Research Source: Yahoo! Finance
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
According to Electrek , Tesla delivered 8,730 Model Y vehicles in the country last month, matching its total annual sales there and even rivaling its monthly deliveries across all of Europe. The reason behind this unexpected spike? A cleverly managed loophole, per Electrek's report. Turkey's special consumption tax offers a lower rate for electric vehicles with power output under 160 kW. While the standard Model Y typically exceeds that threshold, Tesla temporarily software-limited the base Model Y RWD to meet the requirement. This technical adjustment allowed the vehicle to qualify for a much lower tax rate, significantly reducing the vehicle's price and sparking a surge in demand. This surge in sales provided Turkish consumers with more affordable access to Tesla vehicles, at least temporarily, thanks to the lower tax rate, a rare opportunity in a market where EVs are typically more expensive. However, the benefit was short-lived due to the government closing the loophole. [Read more]
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Stockreport

Tesla sparks debate after using legal loophole to boost sales: 'They just scammed the government' [Yahoo! Finance]

Tesla, Inc.  (TSLA) 
More Company Research Source: Yahoo! Finance
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
According to Electrek , Tesla delivered 8,730 Model Y vehicles in the country last month, matching its total annual sales there and even rivaling its monthly deliveries across all of Europe. The reason behind this unexpected spike? A cleverly managed loophole, per Electrek's report. Turkey's special consumption tax offers a lower rate for electric vehicles with power output under 160 kW. While the standard Model Y typically exceeds that threshold, Tesla temporarily software-limited the base Model Y RWD to meet the requirement. This technical adjustment allowed the vehicle to qualify for a much lower tax rate, significantly reducing the vehicle's price and sparking a surge in demand. This surge in sales provided Turkish consumers with more affordable access to Tesla vehicles, at least temporarily, thanks to the lower tax rate, a rare opportunity in a market where EVs are typically more expensive. However, the benefit was short-lived due to the government closing the loophole. [Read more]
IMPACT SNAPSHOT
EVENT TIME:
TSLA
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS