British Columbia has ended subsidies for Tesla (NASDAQ:TSLA) vehicles and charging stations, shifting its rebate programs to favor Canadian-made products. The province cited a focus on domestic goods and reducing reliance on U.S.-manufactured items, a move seen as a response to trade tensions fueled by tariffs imposed by U.S. President Donald Trump.
Tesla, led by Elon Musk, has found itself at the center of controversy in Canada. Musk, a Canadian citizen, has publicly criticized outgoing Prime Minister Justin Trudeau and questioned Canada's sovereignty. In response, a petition to revoke his Canadian citizenship has gained significant traction.
The discontinued rebates previously covered up to 50% of Tesla charger installation costs, saving owners as much as $10,000 per home charger. While applications approved before March 12 will still be honored, new Tesla buyers will no longer benefit.
Tesla stock has dropped 40% year-to-date, reflecting broader concerns over slowing demand and increasing global challenges.
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