From Top Electric.
Canada Officially BANNED Tesla from EV Program – Another Hit for Elon Musk
Explore the escalating crisis surrounding Tesla, the electric vehicle (EV) giant, as it faces a multi-faceted storm of trade disputes, government backlash, and market challenges in 2025. Sparked by Canada’s decision to freeze Tesla’s rebate payments and exclude it from the Incentives for Zero-Emission Vehicles (iZEV) program, the narrative delves into the geopolitical tensions driving this move—namely, U.S. President Donald Trump’s 25% tariffs on Canadian auto imports and Prime Minister Mark Carney’s retaliatory measures. The piece examines Tesla’s aggressive pursuit of $713 million CAD in Canadian subsidies, its alleged manipulation of sales figures, and the resulting investigation by Transport Canada. It also analyzes the broader implications for Tesla’s North American dominance, stock volatility, and global sales amid competition from Chinese manufacturers and shifting European regulations. With detailed financial data, political context, and expert insights, the article questions whether Tesla’s golden age is waning and how global trade wars could reshape the automotive industry’s future.
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