Summary

Tesla warned the U.S. government that it could face retaliatory tariffs due to Trump’s trade policies, and those concerns are becoming reality.

Canada has started targeting Tesla by excluding its products from EV charger rebate programs, with officials considering removing Tesla from a $4,000 EV purchase rebate as well.

Canadian politicians, including NDP leader Jagmeet Singh, have proposed a 100% tariff on Tesla imports.

Tesla, reliant on Canadian and Mexican manufacturing, now faces backlash over CEO Elon Musk’s close ties to Trump and his trade war policies.

  • AlecSadler@sh.itjust.works
    32·
    17 hours ago

    I don’t understand why the board doesn’t just remove Elon or force him out or something.

    Guess we get to witness The Rise and Fall of Tesla, coming to a Netflix near you.

    • Wispy2891@lemmy.world
      24·
      14 hours ago

      I’ll post this image just to show how much insanely overvalued is Tesla stock. Is a meme stock and is closely tied to Elon musk

    • Airowird@lemm.ee
      15·
      15 hours ago

      Tesla stock is still insanely overvalued due to fElon Musk’s attachment. It’s a symbiotic relationship and the best way for the world to bankrupt Elon “Mediocre” Musk.

      • AlecSadler@sh.itjust.works
        7·
        14 hours ago

        It’s stupidly overvalued and yesterday I saw an article where one analyst gave it a $500+ target. Bullshit. Probably paid off.

        I just cross my fingers he meets his maker soon.

    • teejay@lemmy.worldEnglish
      18·
      17 hours ago

      The board is his family and close allies. They’re not going to go against him. Tesla = Musk. Anyone who’s a part of Tesla, including investors, is part of the nosedive into the pavement, just along for the ride at this point.