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Tesla CDR (CAD Hedged)
Symbol TSLA
Shares Issued 22,600,000
Close 2025-12-24 C$ 42.79
Market Cap C$ 967,054,000
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Globe/NYT see Big Tech, Trump form tight alliance

2025-12-29 08:57 ET - In the News

See In the News (C-META) Meta CDR (CAD Hedged)

The Globe and Mail reports in its Monday edition that despite a rocky start to the year, Big Tech has gotten almost everything they wanted from U.S. President Donald Trump. A New York Times dispatch to The Globe says that since the summer, he has eliminated many limits on artificial-intelligence chip exports, fast-tracked the building of data centres that power AI development and pushed legislation that gave government approval to a type of cryptocurrency. Mr. Trump has effectively cemented his relationship with the wealthiest and most powerful U.S. industry into a mutually beneficial alliance. How long this entente might last is unclear. Yet the evolution could have implications for fast-growing technologies such as AI and has already raised new issues that are likely to play into next year's midterm elections. The relationship has also driven a wedge through the right, dividing Republican lawmakers and drawing criticism from conservative think tanks and populist figures such as Steve Bannon, a former Trump adviser. Mr. Trump has let tech billionaires run rampant through his administration, they said, enabling policies that further enrich the industry while leaving other Americans behind with no tech safeguards.

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