Tesla set to be early winner of Canada-China EV tariff deal
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The electric-vehicle maker’s stock was down around 3% in midday trading, moving in lockstep with the wider retreat from mega-cap technology names.
Canada's new 6.1% tariff on Chinese EVs lets Tesla resume Shanghai exports with established infrastructure and 39 retail stores.
Tesla has added a new Model Y Standard rear-wheel-drive to its Canadian lineup, giving buyers a cheaper way to get into its best-selling electric SUV. The new version starts at about $49,990 CAD in Canada,
Tesla has launched a new “Standard” Model Y Long Range in Europe and a non-long range version in Canada, bringing another more affordable version of its best-selling electric SUV to these markets. The simultaneous launch in the two markets separated by an ocean is due to Model Y vehicles in Canada actually coming from Europe.