Canada investigates whether Tesla wrongfully helped itself to a subsidy-fueled sales boom

Quick Summary:

Tesla sold the equivalent of about 18% of its annual volumes in Canada in just three days across four stores with the help of $30 million in subsidies.

A key plank of Freeland’s failed bid to assume leadership of the center-left Liberals from the outgoing Justin Trudeau hinged on the threat of imposing 100% tariffs on Teslas.

Earlier this month, the Canadian daily first reported of the suspiciously high number of EV rebate claims in the final January days of the program.

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Article Details

Author / Journalist: Christiaan Hetzner

Category: EconomyBusiness

Markets: United StatesCanada

Topics: Fortune 500 Elon Musk Electric vehicles Tesla Fortune 500 Companies Autos

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-26 @ 17:34:15 (5 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 497 words

Reading Time: 3 minutes read

Sentences: 5 lines

Sentence Length: 100 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27357193

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Official Website: fortune.com

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Year Established: 1929

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