Tesla Axed from Canada's EV Rebate Program After Exploiting the Rules

<p> <img data-document-id="cms/api/amp/image/AA1yczVM" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1yczVM.jpg"/> <h3> Tesla applied for over $43 million in electric vehicle rebates, but Canadian authorities decided to revoke the company's eligibility instead. </h3> <ul> <li> <strong> Tesla is entering its "find out" era in Canada. </strong> </li> <li> <strong> The Canadian authorities are looking into $43.1 million CAD ($30 million USD) worth of electric vehicle purchase incentives that Tesla has sought within merely three days. </strong> </li> <li> <strong> Canadian authorities have likewise prohibited Tesla from receiving iZEV incentives until the U.S. removes its tariffs. </strong> </li> </ul> <p> Tesla is a dominant player in America’s electric vehicle industry; a homegrown power driving the acceptance of EVs worldwide through groundbreaking efforts—and occasionally controversial moves. This has led to occasional conflicts with regulators. Their most recent clash involves issues with oversight and compliance. <a href="https://insideevs.com/news/754013/canada-tesla-incentives-ban/?utm_source=msn.com&utm_medium=referral&utm_campaign=msn-feed"> All of the Canadian government </a> . </p> <p> With millions of dollars at stake through Canada’s publicly funded electric vehicle incentives, along with CEO Elon Musk’s political interventions and looming U.S.-imposed tariffs set to affect Canadian products as soon as the following week, tensions have reached their peak. Currently, all subsidy payments have been suspended, and Tesla has been specifically barred from participating in any future federal government rebate initiatives in Canada—temporarily, at least. </p> <img data-document-id="cms/api/amp/image/AA1BzDAA" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1BzDAA.jpg"/> <div class="source-title"> Photo by: Andrei Nedelea </div> <h2> The Great Rebate Grab </h2> <p> The <a href="https://insideevs.com/news/754013/canada-tesla-incentives-ban/?utm_source=msn.com&utm_medium=referral&utm_campaign=msn-feed"> last straw </a> It was an uncertain assertion amounting to over $43.1 million CAD ($30 million USD) in electric vehicle (EV) incentives submitted shortly following Transport Canada’s announcement that funds for the nation's Incentives for Zero-Emission Vehicles (iZEV) program were nearly depleted. Certainly, this sum represents quite a significant figure. lot But it wasn’t merely the sum that raised concerns; it was the quantity involved. </p> <p> The demands equated to Tesla selling approximately 8,653 electric vehicles over a single weekend at only four Canadian dealerships. This would mean one vehicle sold every 30 seconds continuously for 72 hours straight. </p> <p> Whether Tesla's sales force orchestrated the planet’s biggest continuous clearance event, or some suspicious activity was occurring—this is what had people puzzled. <a href="https://insideevs.com/news/752820/tesla-accused-of-gaming-rebates-canada/?utm_source=msn.com&utm_medium=referral&utm_campaign=msn-feed"> The Canadian Automobile Dealers Association claims </a> Anyway, this level of scrutiny has been sufficient for Canadian officials to step in and subsequently freeze the payments to the American automobile company. </p> <p> "As soon as I took office asTransport Minister, I instructed thedepartment to halt all paymentsfor Tesla vehicles so we couldthoroughly review eachclaim independently and ascertainwhether they were all legitimateand qualified," statedformer Transport Minister,Chrystia Freeland, in astatement. <a href="https://www.thestar.com/news/canada/canada-freezes-tesla-s-43-million-rebate-payments-bars-it-from-future-rebates-because-of/article_d93ae97a-944c-41c6-bae0-63e905050d87.html"> Toronto Star </a> No payments will be issued until we ensure the validity of the claims. </p> <p> More than 200 individual dealerships are holding onto a total of $10 million CAD ($7 million USD). These dealers provided loans directly to their clients with the expectation of being compensated through the iZEV program. However, when the program was halted, they could not process 2,295 rebate claims, leading some dealers to contemplate layoffs due to the lack of anticipated funding. </p> <p> Freeland indicates that these dealers will eventually receive full compensation. </p> <h2> Gaming in Canada: A Tesla Custom </h2> <img data-document-id="cms/api/amp/image/AA1BLUZD" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1BLUZD.jpg"/> <div class="source-title"> Photo by: Tesla </div> <p> This isn’t Tesla’s first time navigating loosely defined incentive schemes. Do you recall their Canada-exclusive compliance vehicle? Perhaps not. Let’s briefly revisit the start of the iZEV initiative together. </p> <p> To be eligible for the iZEV program in 2019, vehicles were required to adhere to numerous criteria. A key requirement involved the initial manufacturer’s suggested retail price (MSRP). For instance, the Tesla Model 3, which has less than six seats, had to have an entry-level price under $45,000 CAD. However, before joining the iZEV initiative, Tesla listed the Model 3 SR+ at $52,990 CAD in Canada. </p> <p> This is where things get interesting. </p> <p> Tesla subsequently introduced its compliant version. Priced at an even $44,999 CAD—one dollar under the threshold—purchasers of the entry-level Model 3 gained ownership of a vehicle capable of traveling a total of 94 miles per charge. It’s worth noting that Musk had earlier stated that he considered 250 miles of range to be " <a href="https://x.com/elonmusk/status/1282496094908243968"> unacceptably low </a> " for its vehicles. </p> <p> On the positive side, buyers of SR+ models also qualified for the iZEV incentive. However, the ultimate outcome was that Canadian taxpayers inadvertently provided subsidies totaling $115 million CAD to Tesla purchasers, solely due to the existence of this regulatory vehicle. </p> <p> More details about Tesla's subsidies in Canada can be found here. <a href="https://www.thestar.com/news/canada/canada-freezes-tesla-s-43-million-rebate-payments-bars-it-from-future-rebates-because-of/article_d93ae97a-944c-41c6-bae0-63e905050d87.html"> Toronto Star </a> : </p> <blockquote> <p> Tesla has received the largest share of Canadian electric vehicle incentives, totaling $713 million since 2019. This extensive use of public funds has upset many people, particularly as Musk pushes for significant reductions in U.S. government initiatives and large-scale firings of federal employees. Demonstrations against Tesla have occurred across borders, with incidents of vandalism targeting Tesla cars becoming more common. </p> <p> The head of Canada’s Automotive Parts Manufacturers’ Association, Flavio Volpe, expressed his approval for the investigation being launched. </p> <p> Tesla took advantage of the iZEV program by introducing its China-produced vehicles to benefit from Canadian incentives, even as its CEO claimed 'Canada is not a real country' on X. It seems they have created this situation themselves. </p> </blockquote> <h2> Politics, Politics, Politics </h2> <img data-document-id="cms/api/amp/image/AA1AM3VI" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1AM3VI.jpg"/> <div class="source-title"> Photo by: White House </div> <p> It's not just <a href="https://insideevs.com/news/754063/cm-2025-03-20/?utm_source=msn.com&utm_medium=referral&utm_campaign=msn-feed"> Tesla's odd accounting </a> That situation shows Canada tightening its purse strings. The whole nation is currently weary of American politics, and Musk (who acts as the foremost ally) isn’t making things easier for the car manufacturer. </p> <p> His close rapport with U.S. President Donald Trump and his readiness to call Canada "not a real country" <a href="https://archive.is/p6w21"> In a post that has since been removed from X </a> ) has left the Canadian government hesitant to offer any concessions to the American automaker. Actually, Freeland states that Canada will guarantee Tesla remains entirely disqualified from any upcoming iZEV programs in Canada until the U.S. reinstates duties on Canadian goods: </p> <p> "I have instructed my department to modify the eligibility requirements for upcoming iZEV programs to make sure that Tesla vehicles do not qualify for these incentives as long as the unjustified and unlawful U.S. tariffs remain in place against Canada," stated Freeland. </p> <p> The outcome of it all? A circumstance so distinctively unique. Tesla It feels more like a plot from a Netflix series rather than something you’d encounter in reality. Politicians are furious, the head of an automobile company is entangled in political maneuvers, car dealerships are losing substantial amounts due to a suspicious agreement, and customers who previously praised driving this electric vehicle with the most appealing brand logo are now distancing themselves from the manufacturer. </p> <p> Canada seized this chance not only to revoke Tesla’s subsidies but also took drastic measures nationwide to set a stern precedent for the brand. This has left Tesla realizing that breaking regulations comes with significant repercussions, particularly under global scrutiny where the credibility of its leadership appears to erode faster than it can be regained. </p> <h2> More Tesla News </h2> </p> <p> <ul> <p> <li> <a href="https://insideevs.com/news/754472/trump-tariffs-are-coming-anyway/?utm_source=msn.com&utm_medium=referral&utm_campaign=msn-feed"> Surprise: Auto Imposing Tariffs Continues To Be Considered </a> </li> </p> <p> <li> <a href="https://insideevs.com/news/754516/ev-sales-europe-january-february-2025-tesla-freefall/?utm_source=msn.com&utm_medium=referral&utm_campaign=msn-feed"> Tesla Is Plunging in Europe Despite an Increase in Electric Vehicle Sales in February </a> </li> </p> <p> <li> <a href="https://insideevs.com/news/754161/tesla-cybertruck-sales-falling-panels/?utm_source=msn.com&utm_medium=referral&utm_campaign=msn-feed"> Tesla Cybertruck Sales Are Dropping </a> </li> </p> <p> <li> <a href="https://insideevs.com/news/754274/tesla-all-hands-q1-speech/?utm_source=msn.com&utm_medium=referral&utm_campaign=msn-feed"> Elon Musk Truly Desires for Tesla Shareholders to Believe He Isn’t Absent </a> </li> </p> </ul> </p>

Tesla Axed from Canada's EV Rebate Program After Exploiting the Rules

Tesla applied for over $43 million in electric vehicle rebates, but Canadian authorities decided to revoke the company's eligibil...

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Tesla Stock Soars: Unveiling the Drivers of Growth

<img data-document-id="cms/api/amp/image/AA1Bx09f" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1Bx09f.jpg"/> <p> Tesla's stock surged on Monday as it attempted to break a streak. long streak of weekly losses. </p> <p> The market is providing support, coupled with updates regarding the firm’s autonomous driving capabilities. Perhaps the most encouraging development occurred on Thursday night when Chief Executive Officer Elon Musk reassured concerned staff members. He highlighted the advancements in both their self-driving technologies and robotic innovations as key factors for a promising outlook. </p> <p> The shares of the electric vehicle company ended the day up 11.9%, closing at $278.39. In comparison, the S&P 500 and the Dow Jones IndustrialAverage increased by 1.8% and 1.4%, respectively. This marked the stock’s strongest single-day surge since the 14.8% rise on November 6th. </p> <p> Numerous stock prices have risen based on optimism that President Donald Trump will not enforce his harshest tariffs in April on Mexico and Canada. These duties pose significant challenges for automobile manufacturers who rely heavily on components sourced from these nations. </p> <p> Reuters stated on Monday that Tesla plans to introduce its top-tier driver assistance system, known as Full Self-Driving (FSD), in China, according to social media posts made by Tesla staff members in the region. </p> <p> More advanced driver-assistance systems could aid Tesla in selling additional cars, despite the firm charging thousands of dollars for these features. In contrast, rival BYD from China includes such assistance features at no extra cost. </p> <p> The anticipated FSD sales in China have come as expected. Additionally, Tesla is projected to introduce FSD in Europe later this year. Although FSD could be beneficial, much of the initial boost in Tesla’s stock price may stem from a recovery following significant declines. </p> <p> Investors will keenly observe how willing Chinese consumers are to pay extra for Full Self-Driving capabilities, as this could significantly affect Tesla’s position within the Chinese market. </p> <p> On Friday, the share price increased by 5.3%, but this still left them down 0.5% for the week. This marked the ninth continuous drop for the shares, making it the longest weekly losing streak for Tesla stock ever recorded. </p> <p> Following the election-related rally, several downturns were initiated. The stock price climbed to around $490, up from $250 between November 5th and mid-December. Investors anticipated that a second Trump administration would favor the automaker, primarily through relaxed regulations. facilitating The debut of autonomous vehicles. Tesla intends to release an robo-taxi service in 2025. </p> <p> Ever since the January inauguration, coinciding with the onset of Tesla’s stock decline, investors have increasingly directed their attention towards Musk’s political engagements and their potential impacts. turning off Traditional customers of Tesla—who tend to be politically progressive individuals aiming for an eco-friendly lifestyle. </p> <p> Tesla sites have encountered demonstrations, with some escalating to the point of causing property damage. On Monday, the FBI became involved. announced It involved establishing a task force to investigate incidents, labeling them as "domestic terrorism." </p> <p> Thursday’s surge followed Musk’s meeting with Tesla staff. Instead of focusing on his role as a cost-cutter in Washington, concentrating on the automobile firm pleased investors on Wall Street. </p> <p> "Investors widely applauded Elon's vision, confidence, demeanor, and composure when he praised employees for their efforts amidst the ongoing media narrative," stated the co-founder of the Future Fund Active exchange-traded fund. Gary Black . </p> <p> "The address marked significant progress," stated Dan Ives, an analyst from Webush, who further mentioned that "numerous dealerships" across the U.S. seem to be attracting new customers for Tesla. </p> <p> The final outcome of all this fluctuation is that as of Monday's trading session, the stock had remained relatively stable since the election. Even with Monday's increase, Tesla's stock price was still approximately 36% lower than it was on Inauguration Day, January 20th, when the new president took office. </p> <p> Additional sales figures will influence stock movements in the upcoming days and weeks. The monthly sales reports from the European Automobile Manufacturers' Association are scheduled for release later this week. Tesla's European sales numbers will also play a role. dropped 45% Year-over-year figures for January show some decline. This decrease can partly be attributed to a model transition: Tesla is introducing an updated version of its Model Y. </p> <p> Next, Tesla will announce its first-quarter sales figures on April 2. According to FactSet, analysts expect first-quarter sales to reach around 414,000 vehicles. However, recent projections from these experts indicate different possibilities. closer to 360,000 Tesla shipped 387,000 vehicles in the initial three months of 2024. </p> <p> Send your letter to Al Root allen.root@dowjones.com </p>

Tesla Stock Soars: Unveiling the Drivers of Growth

Tesla's stock surged on Monday as it attempted to break a streak. long streak of weekly losses. The market is providing support,...

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Tim Walz Shares Hilarious Trick for Using Elon Musk to Boost His Mood

<div class="content-list-component text"> <p> <span> Tim Walz </span> <span> is sharing their latest favorite method for enjoying some self-care. </span> </p> <p> <span> The governor of Minnesota and running mate of the former vice president, Kamala Harris </span> <span> uploaded a clip to X, previously known as Twitter, on Tuesday </span> <span> it appeared to annoy them </span> <span> Elon Musk </span> <span> ’s skin. </span> </p> <p> <span> During a town hall meeting in Eau Claire, Wisconsin, Walz tells the crowd that he has recently included Tesla in hisiPhone’s stock tracking app. He admits to checking the company's share price daily for some "motivation throughout the day." </span> </p> <p> <span> This strategy immediately elicited laughter and clapping from the audience due to the sharp decline in the electric vehicle firm's valuation. </span> <span> reached an apex of almost $480 per share in December </span> <span> . </span> </p> <p> <span> "$225 and falling!" Walz remarked, referring to the closing price of Tesla on Tuesday. </span> <span> the Daily Beast reports </span> <span> . </span> </p> </div> <img data-document-id="cms/api/amp/image/AA1BfWct" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1BfWct.jpg"/> <div class="content-list-component text"> <p> <span> It was mentioned that the outlet also stated Tesla's stock price increased slightly on Wednesday, reaching $233. </span> </p> <p> <span> Walz proceeded to provide additional self-care guidance for Tesla owners experiencing somebuyer's remorse ever since the unelected tech tycoon took over. </span> <span> chipping away at the federal government </span> <span> with roughly the same level of accuracy </span> <span> As a non-elected technology tycoon brandishing a chainsaw </span> <span> . </span> </p> <p> <span> "And if you have a Tesla, we're not holding it against you. You could use some dental floss to remove the Tesla sticker," Walz mentioned, talking about the car’s trademark emblem. </span> </p> <p> <span> Walz’s jabs at Tesla appeared to upset Musk, as on Tuesday, he countered with his own retort that didn’t come across as sharply critical as Walz’s original dig. </span> </p> <p> <span> Occasionally, when I require some encouragement, I gaze at the @JDVance painting displayed in the @WhiteHouse and express my gratitude to the Lord 🙏, </span> <span> Musk wrote on X </span> <span> while sharing Walz’s tweet via retweets. </span> </p> <p> <span> Even though we're uncertain about how viewing a picture of Vice President JD Vance could assist with Musk’s struggling business ventures, let's hope it doesn't lead Musk to consider launching an eyeliner brand. </span> </p> </div>

Tim Walz Shares Hilarious Trick for Using Elon Musk to Boost His Mood

Tim Walz is sharing their latest favorite method for enjoying some self-care. The governor of Minnesota and r...

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Unstoppable 'Tesla Takedown' Movement Gains Momentum in the Philippines

<img data-document-id="cms/api/amp/image/AA1BfwHf" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1BfwHf.jpg"/> <p> Last of two parts </p> <p> The claim that the "Tesla Takedown" campaign led to a decline in both Tesla’s automobile sales and its stock value from the start of the year has been disputed by several economic and media experts, which makes sense. After all, correlation doesn’t automatically imply causation, and various other elements might be influencing these outcomes. </p> <p> In recalling from part one of this series published on Tuesday, Tesla’s vehicle deliveries have decreased significantly—by 11% to 75%—in key markets during the initial two months of this year when compared with last year. In stark comparison, overall sales of battery electric vehicles (BEVs) have risen by around 30% annually within the same period. Consequently, Tesla's share prices have plummeted, dropping slightly above 45% since the start of the year and falling more than 50% below their peak value recorded in mid-December 2024. These declines coincide with the rapid escalation of a grassroot protest movement targeting both Tesla and its controversial leader, Chairman and CEO Elon Musk. </p> <p> If not for the protests and Musk joyfully taking on an unappointed position as the destructor of the U.S. federal government in response to repeated investigations, sanctions, and regulations due to his unethical business tactics, Tesla Inc. might still be facing a substantial decline today. The protests may have sped up this process rather than altering its course significantly. Before its downfall began, Tesla’s stock was extremely overpriced, carrying a Price-to-Earnings (P/E) ratio of 197.96 at the close of 2024. This figure is nearly quadruple the typical P/E ratio for companies within the electric vehicle (EV), automotive, and truck manufacturing sectors, which stood at 56.14 by the end of 2024. </p> <p> A high price-to-earnings (P/E) ratio might be reasonable if a firm demonstrates impressive figures regarding sales, revenue, and profit. However, this does not apply to Tesla. The primary vehicle models they offer haven’t seen significant updates since launch, whereas competing companies have rolled out various advancements in functionality and design. For instance, Elon Musk’s promised Roadster hasn’t come into fruition despite the company collecting—and holding onto—tens of millions of dollars in reservations over almost ten years from enthusiastic buyers who remain unpaid as refunds were not issued. Furthermore, even standard models like those driven by President Biden face ongoing problems; apparently, the Model S he owns carries 39 unresolved recall notifications. </p> <p> Moreover, several of Tesla’s major concepts have turned out to be significant failures. The company’s electric semi-truck, with only a few hundred units manufactured, has proven to be mechanically problematic, leading to dismal sales figures. Similarly, Elon Musk’s favorite venture, the Cybertruck—often dubbed “Wank Panzer” on social platforms—is considered an embarrassment within the automobile industry because of its poor build quality, inadequate safety features, and subpar functionality. As unsold Cybertrucks accumulate, production appears to have ceased temporarily at Tesla, redirecting staff to work on their other vehicle models instead. </p> <p> Tesla made significant strides in entering the Philippine market when they opened their own flagship store, which has been managed locally by a distributor for about two years now. This occurred shortly after New Year’s, specifically two days prior to Elon Musk's controversial gesture during Donald Trump's inauguration. Although preparations for launching this venture started earlier in the previous year. During the official launch event, President Marcos welcomed them without knowing how inappropriate his offer of inviting Tesla to produce cars in the country might seem due to recent events happening only weeks later. </p> <p> Aside from the broader ethical concerns surrounding backing the primary operations of a self-proclaimed fascist who tried to sway elections in two significant democratic nations—managing to do so in the U.S., yet failing in Germany—and personally overseeing cuts to crucial public services within the United States, leading to hundreds of thousands losing their jobs, there are specific grounds why both the Philippine government and citizens shouldn’t support Tesla. The dismantling of the U.S. Agency for International Development (USAID) came about following orders relayed via the U.S. State Department; however, this move was driven by Musk’s desires. He felt aggrieved due to USAID initiatives in his home country of South Africa, perceiving these efforts as favoring Black communities over white ones. This frustration intensified when USAID launched inquiries into potential contractual discrepancies involving his company, Starlink, under a project backed by USAID in Ukraine. </p> <p> Musk’s sudden anger led to the cancellation of various USAid-funded projects worth at least PHP 20 billion in the Philippines, which included PHP 4.5 billion allocated to the Department of Education. This resulted in at least fifty—and potentially dozens more—Filipinos losing their jobs immediately. At present, purchasing a Tesla in the country feels akin to willingly handing over cash to the schoolyard bully who has already hit you and taken both your lunch money and wallet. </p> <p> By the end of February, the Department of Energy listed 583 BEV models eligible for tax and other incentives under the Electric Vehicle Industry Development Act. Among these, around eight or nine areTesla variants. This leaves approximately 575 alternatives available for Filipinos looking to buy aBEV without appearing like someone supporting extremist ideologies that undermine essential areas such aspublic health,education,fiscal responsibility,andenvironmental conservation—causing harmto their community membersfor dubious reasons. </p> <p> ben.kritz@manilatimes.net </p> <p> Bluesky: @benkritz.bsky.social </p>

Unstoppable 'Tesla Takedown' Movement Gains Momentum in the Philippines

Last of two parts The claim that the "Tesla Takedown" campaign led to a decline in both Tesla’s automobile sales and its sto...

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We sent a Tesla fan to test drive the all-new Model Y – here’s what they thought

<p> Ben Franklin is a relatively new Tesla Model Y owner. He’s had his Long Range All-Wheel Drive car for about a year now. Like most Model Y owners, he’s curious to know how much better – if at all – the all-new Model Y is and whether he should consider an upgrade. </p> <p> Ben went along to the Tesla store in Kierland Commons near his home in Scottsdale Arizona, where the new Model Y is already available for test drive. There he joined the queue and took his turn in a brand new, Launch Series Model Y with pearl white paint and Tesla’s Full Self-Driving, which he put to good use. </p> <p> So what did Ben think, firstly with the looks? “I like the looks,’ he said. “I like the front end with the new front light bar, and I like the design touch that they did on the side mirrors with a tiny bit of aerodynamic improvement. </p> <p> “I like the looks of both cars. I honestly find my Model Y extremely attractive still, and I find the new one... well, I find it a little bit more mainstream. That gives me a slight feeling of disappointment because I prefer the more radical look of the old car. </p> <p> “Everyone seems to be doing these full-width light bars now and it might be harder to pick the Tesla out from something like a Hyundai.” </p> <img data-document-id="cms/api/amp/image/AA1zZThX" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1zZThX.jpg"/> <p> Ben was more positive when he got inside. “The car feels so much more solid and for some reason it just feels bigger inside. I know it’s not, but maybe it’s the new materials and slightly updated design. </p> <p> “When you get in the new one, you're immediately impressed with the feeling of solidity. And I think the screen is improved. It seems much sharper, at least to me. </p> <p> I believe the materials have gotten better. The seats are now more supportive and slightly firmer. Also, the steering wheel has been altered, though I’m not sure why Tesla thinks they need to keep changing things. </p> <p> One enhancement that really caught my attention was the addition of a microphone button on the steering wheel for voice commands—I consider this a significant improvement. Additionally, I quickly discovered that the scroll wheel can be used to activate or deactivate the self-driving or autopilot feature. </p> <p> “So there are now three buttons on the right side of the steering wheel: one is the speaker, one is a scroll. The third one, which I really, really like, allows you to operate the cameras from the steering wheel. You can set it up so that you push the button and get an all-around view, which personally I find very useful. </p> <img data-document-id="cms/api/amp/image/AA1zZR4V" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1zZR4V.jpg"/> <p> A major complaint from drivers of the latest Tesla Model 3 centres around the absence of stalks on either side of the steering wheel. Instead of a traditional left-side turn signal stalk, the Model 3 features control buttons integrated into the steering wheel itself. In response, Tesla introduced a new indicator stalk for the Model Y positioned to the left of the steering wheel; however, this model lacks a stalk on the right-hand side which was previously used for operating both the gear selection and Autopilot functions. How did all of this affect Ben’s experience behind the wheel? </p> <p> My car features a stalk on the right side, whereas the new Model Y only includes the turn signal on the left. Initially, I expected to strongly dislike not having a driving stalk on the right; however, I was comfortable with using the drive and park buttons on the screen instead. To move forwards or backwards, you simply scroll up and down on the screen. It seems that opening the door will also engage the parking function. </p> <p> Tesla claims that the new Model Y is over 20 per cent quieter on the move, thanks to new acoustic glass and improvements to body rigidity, too. Did Ben agree? </p> <p> It's considerably more peaceful," he remarked. "I observed this immediately upon entering and closing the door, but it becomes even more noticeable when you're in motion. </p> <p> Tesla's attempts to enhance the driving experience – which was a major concern for owners of the initial Model Y – seem to have been successful as well. "The ride felt much nicer," commented Ben. "It certainly seems more comfortable now. I also found the steering to be considerably smoother." </p> <img data-document-id="cms/api/amp/image/AA1zZR4X" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1zZR4X.jpg"/> <p> Tesla has also asserted significant improvements in general quality, a point that Ben highlighted. "As I was driving my car along Scottsdale Road towards the test drive, I could hear various rattles," he mentioned. "However, when I took the new Model Y over the same section of road, there wasn’t a single rattle." </p> <p> Ben is already quite fond of the Full Self-Driving technology in his personal Model Y, and he shared his experience saying, "What surprised me about Tesla was that I ended up driving less and less. Instead, I found myself utilizing the Full Self- Driving feature increasingly often." </p> <p> I believe that if there is any enhancement in Full Self-Driving with the new vehicle, it's due to the chassis responding more favourably to commands compared to the current model. </p> <p> Ben also considers the range to be crucial, mentioning that the improvement in this aspect was a key factor in his decision to upgrade. "During my test drive of the new model, I found its estimated range to be around 326 miles," he explained. "Even over time, I believe the newer version will still maintain an impressive range exceeding 300 miles. Currently, my present Model Y manages slightly less than 300 miles." </p> <img data-document-id="cms/api/amp/image/AA1zZR50" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1zZR50.jpg"/> <p> In regard to this crucial choice, will Ben opt for an upgrade from his present Model Y to the latest version? "Absolutely," he stated. "I am really excited about it: the extended battery life, enhanced comfort while driving, the quieter interior, and I particularly like the fresh control buttons on the steering wheel." </p> <p> Ben is even beginning to consider finalizing the deal as quickly as possible. "From what I gather, in the US, Tesla will waive the last three months of your lease and permit you to upgrade." </p> <p> “Without a doubt, I will do that.” </p> <p> The Tesla Model Y has become available for purchase in the US, where pre-orders can be placed for the Launch Series model priced at $61,630 prior to any deductions from federal tax credits. Over in the UK, the same Launch Series vehicle retails for £60,990. </p> <p> Whether it’s from news to politics, travel to sports, culture to climate – The Independent offers a range of free newsletters tailored to your preferences. To get the stories you're interested in delivered directly to your inbox along with additional content, simply click. here . </p>

We sent a Tesla fan to test drive the all-new Model Y – here’s what they thought

Ben Franklin is a relatively new Tesla Model Y owner. He’s had his Long Range All-Wheel Drive car for about a year now. Like most Model ...

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Sell Your Tesla: A Pragmatic and Moral Imperative

<p> <img data-document-id="cms/api/amp/image/AA1BWYo3" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1BWYo3.jpg"/> <h3> If you were waiting for a sign, this is it. It’s time to sell. </h3> <p> When I tell strangers my job is to review cars for a living, the most common response is “What do you think of Tesla?” For well over a decade, Tesla has been the strange and novel outsider that caught the attention of the non-automotive world. Where “legacy” automakers were staid and dull, Tesla was tech-first and exciting. Its EVs set the bar during the 2010s for all other automakers, both in function and in screen-first form. </p> <p> As CEO and majority shareholder Elon Musk and his DOGE project have moved towards becoming a de facto fourth branch of the right-wing Trump administration; however, enthusiasm has cooled dramatically. Protests at Tesla dealerships have cropped up across America. Secondary market values have cratered. Calls to trade in Teslas have mounted. </p> <p> It is time for me to definitively answer all those strangers’ questions about Tesla: I don’t think they’re a good buy, and I think there’s a strong case to sell one you own right now. </p> <h2> The Case Against A New Tesla </h2> <p> Tesla’s first four mass-production models—the full-size luxury sedan Model S, the large gullwing-doored Model X SUV, the affordable midsize sedan Model 3 and the Model Y crossover that followed it—were unrivaled in the EV market when they first launched. </p> <p> But in the past half a decade, Tesla’s competitive advantage has narrowed from a seemingly uncrossable chasm to a sliver at best. When the Tesla Model 3 hit the market in 2017, the best-selling EV in history was the Nissan Leaf . That relatively goofy-looking, economy-minded hatchback had an EPA-rated 107 miles of range. </p> <p> Then the Model arrived With an unprecedented maximum range of 310 miles, it stood out initially. For several years now, the Model Y has been the benchmark for crossovers in the worldwide electric vehicle market. </p> <p> However, this lead has narrowed significantly today, falling within the margin of error. To illustrate with an actual scenario, consider the farthest-reaching version of the upcoming 2025 Tesla Model Y boasts an EPA-estimated range of 339 miles; 2025 Kia EV6 in its long-distance guise should target 319 miles.) When you account for the fact that Tesla had, for years, suppressed complaints about its overly optimistic in-car range figures, and used unusual testing strategies to raise its EPA estimates , that 20 miles of extra range is a lot less consequential. In real-world tests by Edmunds , the vast majority of Teslas failed to reach their EPA estimated range, even though the vast majority of EVs from other brands that Edmunds tested exceeded their EPA estimates. </p> <p> Many other auto manufacturers are also future-proofing their EVs for longevity—while Tesla continues on with relatively unchanged architecture. All of Tesla’s EVs are built on 400-volt underpinnings, while other manufacturers—including Hyundai and Kia, and now Volvo, Audi and Porsche, among others—have moved to an 800-volt system . This means they can handle more electricity at once and charge more quickly. Implementing a lower-voltage system saves the company money up front, but it means that its components reach higher temperatures during fast charging or high-speed antics. This leads to further battery and range degradation over the long term. </p> <p> Tesla also has a less-than-stellar safety history. The National Highway Traffic Safety Administration has opened several probes into Tesla primarily because of its "Full Self-Driving" feature. The carmaker’s associated "Autopilot" technology has reportedly contributed to accidents resulting in 54 injuries and 14 fatalities, as stated. one investigation . </p> <p> The latest offering from the company, the Cybertruck, has encountered several rounds of recalls at figures significantly above the industry norm. (The latest recall was related to a concern that the Body panels would come loose while driving. .) Additionally, the lack of easily accessible physical door linkages on most Teslas has been implicated in a variety of high-profile fatalities . Concerningly, despite stellar crash-test ratings, Teslas are involved in fatal accidents more often than any other brand, at a rate nearly twice the average . </p> <p> Financially, the decision between many other EVs and Tesla remains a wash. To continue our example, the new U.S.-made Kia EV6 and the Tesla Model Y should be eligible for the full $7,500 federal EV tax credit. While the future of that incentive is very unclear, at the time of this writing, the equivalent long-range Kia is estimated to be slightly less expensive , by about $2,000. There are similarly close comparisons for every vehicle Tesla currently makes. </p> <p> Given the presence of U.S.-based electric vehicle manufacturers like Lucid and Rivian, along with entries from major brands such as Chevrolet, Cadillac, Ford, Jeep, RAM, and Dodge into theEV market, consumers now have numerous local options for going electric without needing to opt for gasoline vehicles. From my perspective as an auto evaluator, it's important to highlight that I've discovered Most electric vehicles on the market tend to be superior automobiles. They provide a better ride with more intuitive features and greater specialization across all levels of the market. In fact, I often recommend the EV6 to newcomers shopping for an affordably priced crossover. </p> <p> Using the Tesla Supercharger network more receptive to electric vehicles from brands other than Tesla Indeed, it has never been simpler to bypass the Tesla dealership and explore other options. </p> <p> What if there’s one in your garage at this very moment? Should you consider selling it? </p> <h2> The Pragmatic Case To Sell Your Tesla </h2> <p> The main reason to sell now is that Teslas are shedding value at obscene rates and are likely to skyrocket in operating costs. EVs have long suffered from poor resale value, but Teslas have outpaced that trend for the past year and a half. Until the inauguration, this was largely thanks to the company’s use of aggressive discounting to move new inventory, combined with large rental fleets, like Hertz dumping tens of thousands of cars on the market at once. </p> <p> The situation has only worsened since President Donald Trump’s re-election win. Musk’s $290 million in Republican campaign support and his advisory role to the president have made him a lightning rod for criticism. This has been catastrophic for Tesla. </p> <p> Tesla, for years, did not advertise its cars. It instead relied on word-of-mouth, media coverage, and Musk’s massive personal platform, making him a figurehead of Tesla in a way that, say, Mary Barra of General Motors is not. Combined with the fact that Musk is Tesla’s single-largest shareholder and derives roughly one-third of his $303 billion in net worth from Tesla stock, Tesla is now indelibly associated with the billionaire. (The massive crop of “I Bought This Before He Went Crazy” stickers is evidence of that.) </p> <p> Even though Musk holds right-wing beliefs, Tesla and electric vehicle owners Nonetheless skew more Democratic And they are more progressive than drivers of any other brand, which makes them more susceptible to abandoning their vehicles due to political pressure. </p> <p> Edmunds found that buyers searching for new cars are also, increasingly, walking away from Teslas—just 1.8% of surveyed buyers are shopping for one compared with 3.3% as recently as November. It’s unlikely that right-wing buyers will show up in droves to replace cratering demand, even as Musk gains favorability among Republicans, as Republicans are vastly less likely to buy an EV for their next vehicle. </p> <p> Concerningly for current owners, as values collapse further, new Teslas will become comparatively worse deals. Due to Tesla’s direct-sales model, it has a much stronger incentive to move inventory than most other automakers, which makes further fire sale incentives likely—and risks creating a negative feedback loop. </p> <p> Even worse for current owners, it may not even be a wise financial choice to sit on a rapidly depreciating Tesla. Tesla insurance rates have long been well above average , with premiums coming in somewhere between an average Aston Martin and an average Porsche policy This can be attributed to limited spare part availability, a scarcity of skilled technicians, and complex repairs . </p> <p> As symbols of the Trump administration, Musk and Tesla have attracted significant attention, turning Teslas into targets for vandalism. Insurers caution that this trend might lead to increased insurance premiums. Meanwhile, the U.S. Attorney General, Pam Bondi, has warned that vandals targeting Teslas could face consequences. domestic terrorism charges It is still uncertain whether she possesses the necessary legal grounds to take such action and if it would effectively curb vandalism. Particularly, this approach may not work well if Musk becomes involved with sensitive political issues that could be referred to as touching "the third rail of American politics." threatens to cut Social Security as he has done before . </p> <p> If you intend to push your Tesla to its limits, even under such circumstances, keeping it running smoothly could prove trickier compared to maintaining most other vehicles. Unlike many car manufacturers, Tesla produces a significant portion of its components in-house, which restricts the availability of third-party spare parts. This high level of vertical integration sets Tesla apart from conventional automobile companies. </p> <p> The company's direct-sales approach implies that when cost-cutting measures become necessary, there are no third-party dealerships from competing brands available to share the financial load. The business must generate sufficient car sales to sustain its own facilities, including outlets and service centers which it fully owns; otherwise, these locations will have to be shut down. A consistent supply of components and maintenance services relies heavily on the ongoing success of the company itself. Despite potential improvements in U.S. market sales, Tesla presently confronts significant challenges domestically as well. China and Europe . </p> <p> If this has persuaded you to sell, several competitors are actively encouraging Tesla owners to switch to their brands at present. Polestar is one such competitor. offering $20,000 in discounts For Tesla trade-ins with Polestar 3 lease deals. Lucid is providing a $4,000 incentive to Tesla vehicle owners. </p> <p> Nevertheless, I must acknowledge this: if you decide to trade in your Tesla at present, you will probably face significant depreciation—given how quickly these vehicles lose value. The situation seems poised to deteriorate further with time passing. Thus, it might be wiser to finalize the transaction sooner rather than later. </p> <p> If this hasn’t convinced you yet, however, there’s still my most important argument. </p> <h2> The Ethical Argument for Switching to a Tesla </h2> <p> It seems Musk is an aspiring oligarch He acquired one of the biggest social media platforms on the planet and transformed it into a right-wing propaganda outlet He subsequently invested $290 million in backing Republican candidates during the 2024 elections. This move probably doesn’t align with the typical political leanings of most Tesla owners, and the evident corruption occurring at the same time ought to be troubling for everyone involved. </p> <p> Since then, he has been awarded with unprecedented direct support For Tesla from the federal government, including an outrageously unscrupulous car sales pitch conducted by Trump at the White House lawn and an FBI team specifically assigned to shielding Tesla's vehicles from vandalism . </p> <p> He has turned his influence and riches into power unprecedented amount of access , through his specialized advisory position to the president and "DOGE," access to sensitive government information and funds has been granted. The unpredictable nature of DOGE is currently having an active adverse effect. public employees' experiences more taxing . DOGE overstepped any constitutional justification to shut down the humanitarian USAID organization , potentially affecting tens of thousands of individuals and severely undermining America’s reputation internationally. The proposed reductions in IRS funding directed towards DOGE are anticipated to result in amounts to a loss of $500 billion in revenue for the federal government , rather than cost savings, this year alone. Musk has frequently commented on the necessity of reducing welfare benefits, which he refers to as " the big one. " </p> <p> Musk has consistently promoted variations of the Great Replacement Theory , a discredited extremist He presents an interpretation that recasts white supremacist ideas, framing immigration as part of a conspiracy aimed at dismantling Western society. He contends that birth control and abortion might lead to "the downfall of civilization." Additionally, he has shared posts asserting that " Hitler didn’t murder millions ". During Trump's inaugural ceremony, he performed a gesture it appeared to resemble a Nazi salute, and upon being questioned about it, joked about Nazis . </p> <p> Many of his opinions are detested by most Americans, and He personally is extremely disliked. Although some adjustments might be possible in the 2026 and 2028 elections, Musk and DOGE have progressed swiftly, making it probable that the federal government has already taken action. permanently damaged . Stopping him quickly is the only way to limit the carnage. As an unelected and unaccountable “advisor”, the American public has little recourse. </p> <p> With the exception of Tesla, Musk's impact predominantly occurs. stemmed from his wealth About a third of Elon Musk's $300 billion fortune stems directly from his holdings in Tesla stock. As a company that sells goods directly to consumers and manages both distribution and service networks itself, Tesla faces significant risk should a broad-based boycott of its vehicles occur across both new and pre-owned markets. In fact, during the fourth quarter of 2024, the only part of Tesla's operations showing increased revenues was their servicing division. This implies that abstaining from purchasing new Teslas, discouraging others from doing so as well, and opting out of trade-ins could severely affect the company’s immediate financial outlook and consequently diminish Musk's wealth. </p> <p> It is conceivable that continuous pressure could severely harm the company and diminish Musk’s wealth and influence. Given the presence of other eco-friendly vehicles now available on the market, this scenario becomes even more likely. expanding industry for electric vehicle reuse and recycling For Teslas that ultimately become completely worthless, there are scarcely any drawbacks to exchanging your Tesla at this moment. You can cease funding the planet’s wealthiest individual and his mission to reshape governance according to his vision. In doing so, you may even halt his ambitions altogether. </p> <p> If you've been looking for a signal, here it is. Now's the time to sell. </p> <p> Victoria Scott is an author, photographer, and automotive journalist who has contributed articles to various publications. Motor1 , Road & Track , Insider , The Drive and other publications She resides in Seattle with her spouse and their cat, Burt. She can often be found on Bluesky , Patreon , and her personal website . </p> <h2> More Tesla Coverage </h2> </p> <p> <ul> <p> <li> Tesla Model Y Battery Performance Post 100,000 Mile Mark: Astonishing Outcome </li> </p> <p> <li> Tesla Removed from Canada's EV Rebate Program Following System Exploitation </li> </p> <p> <li> Tesla Is Plunging in Europe Despite Rising EV Sales in February </li> </p> <p> <li> The New Tesla Model Y Excels, But There’s an Elon Issue </li> </p> <p> <li> Tesla Cybertruck Sales Are Dropping </li> </p> <p> <li> Elon Musk Truly Desires for Tesla Shareholders to Believe He Isn’t Absent </li> </p> </ul> </p>

Sell Your Tesla: A Pragmatic and Moral Imperative

If you were waiting for a sign, this is it. It’s time to sell. When I tell strangers my job is to review cars for a living, the...

Read more »