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Tesla Inc CDRs (CAD Hedged)
Symbol TSLA
Shares Issued 17,600,000
Close 2024-11-21 C$ 30.99
Market Cap C$ 545,424,000
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Globe/wire say Tesla hears calls to retain EV credits

2024-11-22 07:06 ET - In the News

The Globe and Mail reports in its Friday, Nov. 22, edition that a group of major automakers, including General Motors, Toyota and Volkswagen, urged president-elect Donald Trump to retain tax credits for electric vehicles and expedite the development of self-driving cars. A Reuters dispatch to The Globe reports that in a Nov. 12 letter, the Alliance for Automotive Innovation expressed concerns about federal and state emissions regulations, particularly in California, stating they are misaligned with current market realities and raise costs for consumers. The automakers advocated for "reasonable and achievable" emissions regulations without specifying changes. The letter, signed by chief executive officer John Bozzella, also highlighted unfair competition from subsidized electric vehicles and technologies from China. Last week, Reuters reported that Mr. Trump's transition team wants to kill the $7,500 (U.S.) consumer tax credit for electric-vehicle purchases -- a move that would likely slow an already stalling U.S. EV transition. This week, Reuters reported Mr. Trump plans to target federal regulations championed by President Joe Biden that aim to make automobiles more fuel-efficient and incentivize a shift toward EVs.

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