Tesla seen as early winner as Canada reopens door to China
Teslarati • • world
Key Points:
- Tesla is set to benefit from Canada’s reopening of imports for Chinese-made electric vehicles, following the removal of a 100% tariff; the company’s Shanghai Gigafactory is equipped to produce Canadian-spec Model Y vehicles for export.
- Under the new U.S.–Canada trade agreement, Canada will allow up to 49,000 EV imports annually from China at a 6.1% tariff, potentially increasing to 70,000 units in five years, with half reserved for vehicles under CAD 35,000.
- Elon Musk’s net worth surged toward $800 billion after xAI Holdings, his AI and social media company, raised $20 billion in funding, valuing the business at $250 billion and adding approximately $62
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