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submitted 2 months ago by otter@lemmy.ca to c/canada@lemmy.ca
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[-] expatriado@lemmy.world 110 points 2 months ago* (last edited 2 months ago)

Tesla location in Toronto reported more than 1,200 sales on January 11 alone

those numbers look very fishy, and i used to work for Well Fargo, i am familiar sales manipulation :D

[-] Telorand@reddthat.com 43 points 2 months ago

My company literally works with car dealerships (i.e. they're our clients), and those numbers are suspicious as fuck.

1200 sales of even ICE cars would be extremely odd at a single dealership in a single day. Most get a few hundred in a month.

But Elon is not smart enough to know any of that, and it would not surprise me if they find out he ordered this cockamamie scheme directly.

[-] dustyData@lemmy.world 14 points 2 months ago

He even sucks at hiding fraud because he thinks he can get away with it like he does in the US.

[-] Techlos@lemmy.dbzer0.com 31 points 2 months ago

naaaah, surely around 30 different massive companies all did a fleet order on the same day at the same dealership? there's no way the wanker who constantly manipulates stocks would manipulate sales!

[-] Draegur@lemm.ee 26 points 2 months ago

used to

grats on getting out fam

those parasites are scum of the earth

i used to work for BB&T (oh shit that place got merged and calls itself Truist now. Damn)

[-] Maeve@midwest.social 12 points 2 months ago

SunTrust. Not trustworthy.

[-] anachronist@midwest.social 57 points 2 months ago

Wait till Elon finds out pardons don't work in Canada.

[-] pivot_root@lemmy.world 11 points 2 months ago

That's fine, he'll just ask Trump to start a non-trade war to save him /s

[-] thatonecoder@lemmy.ca 11 points 2 months ago

I don't think it's a /s...

[-] Reannlegge@lemmy.ca 33 points 2 months ago

The Presidents company will be charged but then his assistant will get mad at Canada and do something stupid with the tariffs.

[-] Greyghoster@aussie.zone 29 points 2 months ago

1,200 sales in one day just as the rebate closed! Such efficiency! No wonder Musk Doggie was selected to sort out government efficiency????

[-] barnaclebutt@lemmy.world 13 points 2 months ago

I don't really get this. I understand it looks like fraud as tesla rebates are going away. However, who bought the Teslas? Are they saying the sales never occurred? Is some asshole going to have 32 cyber trunks in his driveway?

[-] Enkers@sh.itjust.works 20 points 2 months ago

My guess is that nobody wants a nazi-mobile, stock prices are crashing through the bedrock, and they need imaginary sales on the books to appear to be less of a radioactive hot potato.

[-] Master@lemm.ee 11 points 2 months ago

My guess is the dealership owner bought them on paper to secure the rebates and then was going to resell them as new at full price and just pocket the extra.

[-] bane_killgrind@slrpnk.net 10 points 2 months ago

I think dumping stock is less the fraud, could have been structuring sales to take advantage of tax year stuff. Like they delayed reporting.

Or they regain less from writing them off then giving them away and taking the credit.... Hmmm....

[-] psx_crab@lemmy.zip 6 points 2 months ago

Maybe the ceo of the dealership or elon musk on a few thousand proxy?

[-] x00z@lemmy.world 5 points 2 months ago

Yeah, this type of fraud often tries to remain as legal as possible by using legal backdoors.

[-] Showroom7561@lemmy.ca 5 points 2 months ago

However, who bought the Teslas?

Likely nobody. These are probably sold only on paper, so "someone" can cash in on millions in rebates.

I hope the investigation is swift and expands to other Tesla dealers, because this is probably not an isolated scam.

[-] wolywood@lemmy.ca 10 points 2 months ago

Jerry Lundegaard, executive sales manager

this post was submitted on 08 Mar 2025
273 points (100.0% liked)

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