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Tesla Inc CDRs (CAD Hedged)
Symbol TSLA
Shares Issued 19,000,000
Close 2025-01-14 C$ 36.06
Market Cap C$ 685,140,000
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Globe/wire say Tesla's Musk ponders Trump's new bureau

2025-01-15 07:42 ET - In the News

The Globe and Mail reports in its Wednesday edition that U.S. president-elect Donald Trump said on Tuesday he will create a new government agency called the External Revenue Service "to collect tariffs, duties, and all revenue" from foreign sources as he readies new import tariffs ahead of his inauguration next week. A Reuters dispatch to The Globe says that Mr. Trump said in a social-media post he would create the department on Jan. 20, the day he takes office as president for a second term, adding that Americans have been taxed for too long by the Internal Revenue Service. "Through soft and pathetically weak Trade agreements, the American Economy has delivered growth and prosperity to the World, while taxing ourselves. It is time for that to change," the Republican said in a post on Truth Social. "We will begin charging those that make money off of us with Trade, and they will start paying, FINALLY, their fair share." It is not known how the new agency would work, its funding, or who would lead it. The move to create another government bureaucracy would appear to go against the plans of Mr. Trump's Department of Government Efficiency, an effort led by Tesla's Elon Musk and former biotech executive Vivek Ramaswamy.

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