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Tesla CDR (CAD Hedged)
Symbol TSLA
Shares Issued 24,250,000
Close 2025-07-02 C$ 28.22
Market Cap C$ 684,335,000
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Globe says Ford, rivals hear call for EV incentives

2025-07-03 08:37 ET - In the News

See In the News (C-F) Ford CDR (CAD Hedged)

The Globe and Mail reports in its Thursday edition that federal-government incentives for electric-vehicle purchases did as they were designed to do: Before the iZEV (incentives for zero-emission vehicles) program ran out of funds, Ottawa spent about $3-billion between May, 2019, and January, 2025, giving rebates to customers buying half a million cars -- and the program was a massive success. Guest columnist Steve Flamand writes that the program must return. Today, the automotive industry is navigating one of the most unpredictable periods in its history. Mr. Flamand says the country faces an imperfect storm of on-again, off-again tariffs; rapidly evolving technologies; and fierce competition from upstart Chinese automakers eager to flood our market. In North America, the automotive sector is a $1.2-trillion industry, generating more than $500-billion in annual sales, supporting 1.7 million direct jobs and producing 17 million vehicles each year. The future of electric vehicles is an excellent case study in the value of certainty. And unlike many other issues, this is one where granting certainty is within the government's power. Incentive programs are essential for climate action, as well as certainty in the sector.

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