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StockWaves > Trading > Elon Musk’s Tesla Cleared Of Fraud By Canada In $43 Million ZEV Rebates Case: Report – Tesla (NASDAQ:TSLA)
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Elon Musk’s Tesla Cleared Of Fraud By Canada In $43 Million ZEV Rebates Case: Report – Tesla (NASDAQ:TSLA)

StockWaves By StockWaves Last updated: July 11, 2025 3 Min Read
Elon Musk’s Tesla Cleared Of Fraud By Canada In  Million ZEV Rebates Case: Report – Tesla (NASDAQ:TSLA)
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Transport Canada, the apex regulatory physique in Canada that oversees transport laws within the nation, cleared Tesla Inc. TSLA of any wrongdoing in Canada’s Incentives for Zero Emission Automobiles (iZEV) rebate program.

What Occurred: The company stated it was clearing the EV big of fraud after launching a probe following over 8,563 rebate claims filed by 4 Tesla shops in Canada in a single weekend in January 2025, Drivetesla Canada reported on Friday.

The rebates had been value over $43.2 million, which was virtually half of the remaining $71.8 million price range, the report says. Tesla had claimed the timeframe was a results of backlogged deliveries and stated that the foundations of this system stated post-delivery submissions of the rebate claims had been lawful.

Questions had been first raised when the 4 shops, together with an outlet in Quebec that filed over 4,000 claims in a single day, spanned over 88.7% of the overall claims, the report suggests. 

Tesla, nonetheless, will nonetheless be excluded from any future iZEV program attributable to U.S. tariffs in addition to “geopolitical tensions” with CEO Elon Musk, the report outlined.

Why It Issues: The information comes as Tesla gross sales have been dwindling in Canada, with researchers suggesting that the figures have “virtually reached zero.” Tesla’s gross sales in Quebec fell by over 87%, in line with information launched by Quebec’s SAAQ.  

Tesla’s gross sales additionally skilled double-digit declines in Europe, with gross sales in Denmark and Sweden down greater than 60% within the two Scandinavian international locations.

Elsewhere, Tesla has been underneath hearth from specialists like Gerber-Kawasaki‘s co-founder Ross Gerber, for Musk’s political actions with the “America Occasion” in addition to dwindling gross sales. 

Lately, Tesla introduced it’s going to maintain its annual shareholder assembly after strain from main buyers, who expressed considerations about Musk’s politics and rising tensions with President Donald Trump.

Tesla presents poor Momentum and Worth, whereas scoring effectively on the Progress metric and providing passable High quality. For extra such insights, join Benzinga Edge Inventory Rankings as we speak!

Try extra of Benzinga’s Future Of Mobility protection by following this hyperlink.

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