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Tesla CDR (CAD Hedged)
Symbol TSLA
Shares Issued 25,950,000
Close 2026-07-16 C$ 34.01
Market Cap C$ 882,559,500
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Globe says Ford hears need for Chinese EVs questioned

2026-07-21 05:15 ET - In the News

See In the News (C-F) Ford CDR (CAD Hedged)

The Globe and Mail reports in its Tuesday edition that a $25,000 electric vehicle seems ideal for Canadian consumers, but if it's from China, the true cost might go beyond the sticker price. The Globe's guest columnist Daniel Dorman writes that it is important to understand the prohibitive tariff on Chinese EVs before this year and the security risks these high-tech cars may pose to drivers and the country. This spring, over 70 Congress members sent an open letter to President Donald Trump expressing concerns about Chinese vehicles entering the U.S. through Canada. These developments raise serious concerns that Chinese cars could establish a foothold in Canada and seek to move into the U.S. market. This risk is now realized: As Chinese vehicles begin to enter Canada, industry experts have reported China's real goal is getting into the U.S. market. Several Western nations, including the Britain, Israel and Poland, have banned Chinese EVs from military bases. At a time when Canada has failed to secure a renewal of the U.S.-Mexico-Canada Agreement, the recognized threat of Chinese vehicles entering the U.S. through Canada will surely inflame tensions and put a deal with our largest trading partner further out of reach.

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