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ARK Invest Acquires 20M Tesla Shares After Stock Drop

Tesla’s Stock Slide: ARK Invest Makes a Bold Move As a fervent admirer of all things Tesla, I find myself oscillating between exhilaration and trepidation as I observe the ebbs and flows of TSLA stock. Recently, a significant development caught my eye—ARK Invest, led by the ever-visionary Cathie Wood, scooped up a staggering 20 million shares of Tesla following a notable stock slide. This bold maneuver begs the question: Is this a masterstroke of market timing or a perilous plunge into turbulent waters? The Stock’s Rollercoaster Ride Tesla's stock has always been a wild ride, and this latest dip showcases its volatility. With shares tumbling, the opportunity for ARK Invest to bolster its position in such a transformative company is intriguing, to say the least. Key Points: ARK’s Strategy : ARK Invest's decision to load up on Tesla shares highlights their unwavering belief in the company’s future potential. Market Reaction : The stock slide might alarm some investors...

Tesla Model 3 Qualifies for Full EV Incentives Through Controversial Loophole

As a proud owner of a Tesla Model 3, I was thrilled to hear the news that my car now qualifies for full electric vehicle incentives. The catch? It involves a new loophole that some might consider controversial. Here's what you need to know:

The Loophole

In some states, electric vehicles are only eligible for incentives if they are sold through franchised dealerships. However, Tesla operates its own direct-to-consumer sales model, which has caused it to be ineligible for these incentives in the past. But now, a new loophole has emerged that allows the Model 3 to qualify for incentives in some states.

The loophole involves a quirk in the language of some state laws, which define a "new" vehicle as one that has never been titled or registered. Since Tesla is the first owner of all the vehicles it sells, the Model 3 technically qualifies as "new" in these states.

The Controversy

Critics argue that this loophole goes against the spirit of the law, which is intended to incentivize the adoption of electric vehicles, not to reward a particular sales model. They also argue that it puts traditional automakers at a disadvantage, since they cannot take advantage of the loophole.

On the other hand, supporters of the loophole argue that it is a fair interpretation of the law, and that Tesla's direct-to-consumer sales model is a key part of its success in promoting electric vehicle adoption.

My Take

As a Tesla owner, I'm obviously happy to hear that my car now qualifies for full EV incentives in some states. However, I do see both sides of the argument.

On one hand, I understand the argument that the loophole goes against the spirit of the law. After all, the goal of these incentives is to encourage the adoption of electric vehicles, not to reward a particular sales model. If the law is changed to explicitly allow direct-to-consumer sales models to qualify for incentives, that would be a more fair and transparent approach.

On the other hand, I do think that Tesla's direct-to-consumer sales model is a key part of its success in promoting electric vehicle adoption. By cutting out the middleman and selling directly to consumers, Tesla is able to offer competitive pricing and a better buying experience than traditional dealerships. If the goal of the incentives is to promote electric vehicle adoption, then it makes sense to reward companies that are doing the most to make that happen.

Overall, while I can see both sides of the argument, I'm happy to take advantage of the loophole and receive my full EV incentives. As a Tesla owner, every little bit helps!

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