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Nikola’s Stache @BSA19741
, 5 tweets, 4 min read Read on Twitter
1/ We have now entered the stage when $tsla cars sold are experiencing expired tags in large numbers. This is the stuff of 3rd rate buy here/ pay here used car dealers and is often a symptom of the oldest and most common form of distressed auto dealer bank fraud.
2/ $tsla utilizes an asset based credit line to finance working capital with significant collateral provided by new car inventory. When collateral is sold, the line is to be repaid by the amount of the collateral sold. Is $tsla “selling out of trust” by not clearing the line?
3/ Failing to file title and transfer the collected sales tax can result in expired tags & $tsla hoarding cash that is not theirs. This is potentially felony level bank fraud and also consumer fraud that subjects customers to citations and can lead to lapsed insurance as well.
4/ $tsla expired tags. The registrations appear to be lagging en masse and the practice may be institutionalized at this point.
5/ $tsla expired tags
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