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Tesla CDR (CAD Hedged)
Symbol TSLA
Shares Issued 20,450,000
Close 2025-03-07 C$ 23.73
Market Cap C$ 485,278,500
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Globe says Canadians' best hope is Tesla goes bankrupt

2025-03-10 08:55 ET - In the News

The Globe and Mail reports in its Saturday edition, fall, baby, fall: In what is widely seen as an indictment of President Donald Trump's loony economic policies and warlike trade agenda, U.S. stocks tumbled to their worst week in six months. The Globe's Tim Shufelt writes that markets are spooked, and it's about time. A faltering U.S. stock market would be about as powerful an ally as we could ask for. "Canadians are right to hope for a falling stock market," said Jason Del Vicario at Hillside Wealth Management. "Nothing else seems to be working." Diplomacy has proven pointless in making Canada's case that the pretexts for U.S. tariffs are bogus. Trump 2.0 is taking uncertainty to a new order of magnitude. He is uncertainty in a Brioni suit. When he briefly made good on his threats last week, the stock market registered its displeasure. The market is screaming on a daily basis, "You're wrong, Trump!" Good thing. We can also take some karmic satisfaction that decision makers who would harm us seem to be harming themselves in the process. Tesla's weirdo boss, Elon Musk, wrote on X, "Canada is not a real country." Tesla sales are now tanking in Canada and globally. The stock is down 45 per cent from its December peak.

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