Tesla stock in focus as Canada cuts China-made EV tariffs — what’s next for EV stocks
New York, Jan 19, 2026, 12:31 (ET) — Market closed Tesla (TSLA.O) will grab attention when U.S. markets open Tuesday after Canada announced it’s scrapping the 100% tariff on China-made EVs. It’s replacing that with a quota allowing up to 49,000 vehicles annually at the usual 6.1% tariff. Half of those slots are earmarked for cars under C$35,000. Competitors like BYD and Nio don’t yet sell in Canada, so AutoForecast Solutions’ Sam Fiorani suggested this move “could allow resumption of those exports rather quickly.” On Friday, Tesla slipped 0.2% to $437.50, Rivian (RIVN.O) dropped 2.4%, and Lucid (LCID.O) nudged up