In a letter to the US Trade Representative, Tesla cautioned against retaliatory tariffs, arguing that such actions could negatively impact its operations and US exports. The company highlighted that past tariffs have spurred reciprocal measures from other countries, increasing costs for US-manufactured vehicles abroad. Tesla emphasized the need for a comprehensive assessment of trade policy, considering both the benefits of fair trade and the potential harm to US manufacturers like itself. The letter also noted limitations in the domestic supply chain for EVs and batteries, suggesting that some materials are unavailable domestically.
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In response to U.S. tariffs and Elon Musk’s political affiliations, the British Columbia government has removed Tesla products from its EV charger rebate program. This decision, supported by Premier David Eby and Energy Minister Adrian Dix, reflects a broader strategy to prioritize Canadian-made goods and limit taxpayer subsidies for American products. Purchases made before March 12th remain eligible for rebates, while Tesla products remain available for sale in the province. The move is the latest action taken by the government to counter the effects of U.S. trade policies.
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British Columbia has eliminated government subsidies for Tesla chargers, citing a preference for Canadian goods and targeting Elon Musk’s support for Donald Trump. The decision excludes Tesla from rebates covering up to 50% of home charger installation costs, while other US brands remain eligible. Premier David Eby stated the move is specifically aimed at Musk, due to public opposition to taxpayer funds benefiting him. Tesla’s stock has already fallen significantly amidst weakening European sales and increased competition.
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Despite recent sales slumps, Tesla received a significant boost when President Trump purchased a $100,000 Model S Plaid. The high-performance electric vehicle, boasting a top speed of 200 mph and 1,020 horsepower, was chosen after a White House demonstration. This purchase follows numerous recalls for the Model S, affecting features ranging from seatbelts to autonomous driving systems. President Trump’s endorsement comes as a major public relations win for Tesla.
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Former President Trump lauded Elon Musk’s contributions to America, praising his efforts as “fantastic.” He decried what he characterized as a left-wing boycott of Tesla, framing it as an attack on Musk and his achievements. Trump announced his intention to purchase a new Tesla as a demonstration of support. He linked this action to his own experiences facing similar opposition, further emphasizing his support for Musk.
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Just before Canada’s electric vehicle subsidy program ended, Tesla sold over 8,600 vehicles in three days across four stores, claiming over $43.1 million in rebates—more than half the remaining funds. This extraordinary sales surge, averaging one car sold per minute across all locations, has raised serious concerns among rival dealerships who were left without access to the remaining rebates. The unusually high sales volume, coinciding with Tesla’s recent sales slump in Canada, has prompted investigations into potential irregularities in the rebate claim process. Dealers are now facing significant financial losses due to unprocessed rebate claims.
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Amidst a backdrop of political commentary and attacks on Tesla, Elon Musk used his X platform to promote the electric vehicle manufacturer. This promotional activity coincided with a significant drop in Tesla’s stock price, exceeding 15% on Monday—one of the worst trading days since its IPO. The decline followed accusations of Musk’s involvement in far-right activities and the launch of a “Tesla Takedown” boycott campaign. Musk responded by falsely accusing prominent figures of funding the protests and spreading unsubstantiated conspiracy theories about attacks on Tesla properties.
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Elon Musk alleges that George Soros-funded organizations, including the Indivisible Project and Democratic Socialists of America, are orchestrating anti-Tesla protests to harm the company’s reputation and stock price. These protests, coinciding with a 38% stock plummet since Trump’s inauguration, involve vandalism and boycotts, impacting Tesla’s public image. Musk points to ActBlue, a Democratic fundraising platform under investigation, as a funding source for these groups. Conversely, critics attribute Tesla’s struggles to Musk’s controversial actions and the company’s internal issues.
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John Q. Hosedrinker