From Nasdaq:

Tesla announced its departure from Australia’s auto lobby, citing misleading claims over proposed fuel efficiency standards. The company accuses the lobby of spreading false information and influencing competitor pricing strategies. Tesla has requested an investigation by Australia’s competition regulator and plans to resign from the lobby in June. The move comes as Australia prepares to implement fuel efficiency standards, aiming to align with global norms and increase EV adoption. The government’s plan could lead to more electric vehicles entering the market but has raised concerns from the industry about potential disruptions and higher prices for consumers. Consultations on the proposed model have closed, with legislation expected later this year.



Read more at Nasdaq: Tesla quits Australia auto lobby over claims on car emission standards