10:21:30 EDT Mon 29 Jun 2026
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Tesla CDR (CAD Hedged)
Symbol TSLA
Shares Issued 26,650,000
Close 2026-06-26 C$ 33.05
Market Cap C$ 880,782,500
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Globe/NYT say Europeans hold their noses, buy Teslas

2026-06-29 07:06 ET - In the News

The Globe and Mail reports in its Saturday edition that Europeans seem to have gotten over their antipathy toward Elon Musk. A New York Times dispatch to The Globe says that a year ago, Tesla sales in Europe were in free fall after Mr. Musk turned off car buyers with his vocal support for right-wing politicians in Britain and Europe and his role as President Donald Trump's cost-cutting czar. But in recent months, Tesla's sales across Europe have rebounded sharply amid a broader surge in electric vehicle sales, which now account for more than a fifth of new car purchases on the continent. Tesla's vehicle sales rose 77 per cent from January through May compared with a year earlier. In May, Tesla sold 22,000 cars in Europe. That's more than Ford, Nissan or Honda, even when including their fossil-fuel models. Many people seem to have put aside their personal feelings about Mr. Musk after Tesla cut prices for its entry-level models to levels that are competitive with comparable gasoline or diesel vehicles and inexpensive cars from China. Tesla's Model Y sport utility vehicles can be leased for less than 300 euros a month. Still, Mr. Musk remains unpopular in Europe, in part because of his inflamatory statements on X.

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