Lawmakers in New York state are moving to shut down Elon Musk’s Tesla dealerships in yet another blow to the billionaire CEO.
New York State Sen. Patricia Fahy and other lawmakers are fighting to remove a waiver that allows Tesla to operate five in-person dealerships in New York, instead forcing the company to sell their vehicles through dealer franchises, The New York Times reported Sunday.
“No matter what we do, we’ve got to take this from Elon Musk,” Fahy said in March when she first introduced the bill against Tesla. “He’s part of an effort to go backwards.”
She wants the company to relinquish its 5 licenses and instead distribute them to other EV manufacturers, such as Rivian, Scout Motors, and Lucid.
To be fair, it was incredibly overvalued. Its value was driven by one of the most successful conmen of all time. I just can’t figure out if Trump or Musk is the most successful conman of all time. One has the most wealth in the world, one has the most power.
It was overvalued because Elon did a bunch of fraud and about to become a felon, hence why he supported trump to help dismantle the very institutions he was threatened by.