Elon Musk's Tesla At Risk Of Being Removed From EV Incentive Program In UK After Canada

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What Happened: Finance Minister Rachel Reeves has underscored the critical nature of obtaining this exemption, pointing to the trade surpluses between the two nations, according to a report by Reuters.

Reeves also mentioned the possibility of reassessing subsidies provided to Tesla Inc.(NASDAQ:TSLA), owned by Trump ally Elon Musk, to bolster the UK’s automotive sector.

In a bid to protect its automotive industry, the United Kingdom is actively negotiating with Washington to secure an exemption from impending U.S.auto tariffs.

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Article Details

Author / Journalist: Rounak Jain

Category: Technology

Markets: United StatesCanadaChinaUnited Kingdom

Topics: KeyProj Mobility Markets Tech Equities Donald Trump Benzinga US88160R1014 News TSLA Electric vehicles Elon Musk

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-28 @ 10:13:55 (3 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 481 words

Reading Time: 3 minutes read

Sentences: 26 lines

Sentence Length: 19 words per sentence (average)

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

Copyright Owner: © Benzinga

News ID: 27382657

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