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Tesla CDR (CAD Hedged)
Symbol TSLA
Shares Issued 24,950,000
Close 2025-08-29 C$ 29.73
Market Cap C$ 741,763,500
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Globe says Tesla sales steady as Musk-hate subsides

2025-09-02 09:04 ET - In the News

The Globe and Mail reports in its Tuesday edition that months after Tesla owners across Canada dashed to sell their vehicles in the wake of backlash against Elon Musk, the carmaker's market share and sales seem to have rebounded. The Globe's Mariya Postelnyak writes that data provided from vehicle reseller Clutch show Tesla's market share in the used vehicle market fell sharply in early spring, when Mr. Musk, chief executive officer, became a chainsaw-wielding fixture in U.S. President Donald Trump's administration. The brand's market share in Canada's used electric-vehicle market fell from 36 per cent to 27 per cent in March, and down to 21 per cent in April. Tesla's market share has since spiked back to 37 per cent, reclaiming its prior lead among EV shoppers. The rebound suggests that brand trust and price incentives may have overshadowed political backlash in the long run, although it is far from all good news for the carmaker. David Robins at Canadian Black Book, said the wholesale price for a 2022 Model Y Long Range is down $2,900 over the past six months. For him, the figures suggest that Tesla has not truly rebounded. Instead, it may have simply "found a new equilibrium," with the entire EV sector struggling.

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