Tesla stock: Canada’s tariff U-turn puts Shanghai exports back in play
Tesla stands to gain early from Canada’s decision to allow a capped number of China-made electric vehicles back under the 6.1% “most-favoured nation” tariff—the regular rate for many trading partners. Sam Fiorani at AutoForecast Solutions said exports could ramp up “rather quickly.” The deal, announced Friday, sets a yearly quota of 49,000 vehicles, with half allotted to models under C$35,000—a price point Tesla doesn’t hit. Still, Yale Zhang, managing director at AutoForesight, noted Tesla’s “simple production lines” give it the agility to shift supply. Tesla shares dipped 0.24% to close at $437.50 on Friday, after trading between $435.36 and $447.09 on around 60 million shares; U.S. markets will be closed Monday for the Martin Luther King Jr. Day holiday.
