Tesla is now a trillion dollar company

Discussion in 'Tesla' started by marshall, Oct 25, 2021.

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  1. marshall

    marshall Well-Known Member

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  3. bwilson4web

    bwilson4web Well-Known Member Subscriber

    Source: https://www.detroitnews.com/story/business/autos/2021/10/22/canada-says-ev-tax-credits-would-cause-serious-harm-auto-industry/6138806001/

    Washington — The Canadian government argued in a letter to congressional leadership Friday that "the protectionist elements" of proposed electric vehicle tax credits would damage the North American auto industry and aren't consistent with existing trade agreements.

    Canadian Trade Minister Mary Ng told lawmakers and officials in the Biden administration that the two nations' auto supply chains are deeply integrated, and the proposed credits "would cause serious and irreparable harm" to both the Canadian and U.S. auto industry.

    Canada's Prime Minister Justin Trudeau is accompanied by Mary Ng, Canada's Minister of Small Business, Export Promotion and International Trade, as they arrive for a meeting with Ethiopian women entrepreneurs, in Addis Ababa, Ethiopia Sunday, Feb. 9, 2020.
    "If passed into law, these credits would have a major adverse impact on the future of EV and automotive production in Canada, resulting in the risk of severe economic harm and tens of thousands of job losses in one of Canada’s largest manufacturing sectors," Ng wrote in the letter obtained by The Detroit News. "U.S. companies and workers would not be isolated from these impacts."
    . . .

    Not to worry as @R P now has Canadian government support for a free, fair EV market including Tesla. The TSLA stock is doing OK too.

    Bob Wilson
     
    Last edited: Oct 25, 2021
  4. mho and bwilson4web like this.

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