https://insideevs.com/tesla-wins-model- ... n-lawsuit/
Tesla Model 3 Production Shortage Lawsuit Dismissed
It turns out, federal securities laws don’t punish companies for failing to meet production targets. . . .
Breyer made it evident that the shareholders didn’t provide a clear case that Musk should have been more forthcoming with the fact that Model 3 production would likely be a struggle. He stated:
- Plaintiffs are correct that defendants’ qualifications would not have been meaningful if defendants had known that it was impossible for Tesla to meet its stated production goals, not merely highly unlikely. The facts plaintiffs have put forth do not tend to establish that this was the case. . . .
More good legal news for Tesla, also IEVS:
https://insideevs.com/tesla-wins-ontari ... iminatory/
Tesla Wins In Ontario: Judge Rules Law Discriminatory Against Automaker
Earlier this summer, the Ontario government decided to exclude Tesla from the phase-out period of the removal of the province’s EV incentives. The exclusion was done by a few carefully chosen words within the document that effectively ended the cap-and-trade program.
Naturally, the California-based carmaker responded with every legal weapon at their disposal. And finally, it’s paying off! An Ontario judge has decided that excluding Tesla from the incentives phase-out was outright discriminatory. And it’s now up to Ontario’s ministry of transportation to fix the issue.
The cap-and-trade program – which was worth up to $14,000 – allowed customers to trade-in their current gas guzzlers, in favor of a tax exemption on the value of the trade in.
In turn, Tesla (or any other car manufacturer ) can only watch away as their sales of EVs there go down the drain. However, being singled out of the phase-out of the program by carefully chosen legal lingo is simply discriminatory against Tesla.
Back in July, the end of the cap-and-trade program in favor of lesser fuel taxes was announced by the Conservative party leader, Doug Ford. This, in turn, pretty much ended purchasing of EVs on a grander scale in the province, all in favor of cutting ten-cents on every liter of fuel sold in the province. A small positive change for the average Joe, but a huge impact on the environment. . . .