Tesla sues Ontario over canceled electric vehicle rebate [Reuters (UK)]
Tesla, Inc. (TSLA)
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Source: Reuters
Tesla sues Ontario over canceled electric vehicle rebate | Reuters 2 Min Read TORONTO (Reuters) - Electric vehicle-maker Tesla Inc is taking the Ontario government to court over the Canadian province’s cancellation of an electric vehicle incentive program, according to documents filed in court on Aug. 10. In July, shortly after coming to power in Ontario, the Progressive Conservative government under Doug Ford canceled a slew of green energy initiatives, including an Electric and Hydrogen Vehicle Incentive Program that provided rebates of up to C$4,000 ($3,040) for people who bought electric cars. The government made provisions for people who had already bought or ordered cars but structured the transition program in such a way as to exclude Tesla, which does not use franchised dealerships - an “arbitrary” exclusion, Tesla claimed in the court documents. “The unjustified targeting of Tesla Canada and its customers was done without giving Tesla any warning or the chance to provide inpu
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- 4/24/24 - Form 10-Q
- TSLA's page on the SEC website