Tesla Registrations Have Completely Tanked In Canada

Fantastic

NO SURPRISE. THANKS CANADA

You're welcome! Bought a Honda Hybrid, great car 😎💎🍁

"A lot of that blame can be attributed to the fact that the country froze the Incentive for Zero-Emission Vehicles (iZEV) program in mid-January (later accusing Tesla of trying to game the system and banning it from future incentives). It's similar to what the U.S. is planning to do with our federal EV tax credit program at the end of september" 50% decline in USA coming soon?

Vive la Canada 🇨🇦

Canada to Elon: Take off, hoser!

The CAFE penalty fines will be ending also. Tesla made 400 million alone off those last quarter, to other automaker’s so they could stay compliant. Without that 400 million, they would easily have been in the red last quarter. Ending the EV rebates, will be bad for them, but they end of the CAFE emission fines, where companies can buy them from another company (Tesla), is going to be brutal for them.

Great

That's what we call a good start

To bad. So sad. Keep up the good work Canada.

When do the CAFE fines end?

There may be a bit of a increase in sales right prior as the last of the few people try and get under it before it is cancelled.

Good

As a proud Canadian I concur. My only complaint is that the number isn't higher lol.

Good... we don't want that crap here... get a new CEO then maybe people will consider.

It's now been reduced to a really bad car company who's only source of profit is interest from their cash hoard. IE it's a shitty Ford Motor Co and people won't pay crap for Ford's EPS.

Elon is the majority shareholder. Even if he steps down he'd be the power behind the throne, and any Tesla sale will just enrich him further.

9/30

Even if he “steps down” the board is still there by people stupidly loyal to him. They need to go as bad as he does.

I live in New Zealand. We have 1 port where cars come in for the whole country. I work in a building overlooking the docks where the cars sit before being taken away. 4 or 5 years ago the place was always flooded with Teslas. Take this as you will, and clearly anecdotal and not scientific, but I can’t remember the last time I saw any there. I don’t look every day, but when I do I sorta make it a game to find one.

is that an orchestra of tiny violins i hear?

The fact that ANYONE buys these things now is beyond me.

Elbows up!

I would think that the difficulty in repairing Teslas would make them antithetical to the Kiwi ethos?

Or Tesla just cooking the numbers the same way it did in Canada and due to "backfilling"

Are they down from actual sales or down from the completely fabricated sales numbers they used to fraudulent ly claim EV bonuses?

So, this article has a little more dish than the usual “folks are fleeing Tesla” and it is instructive for what’s about to happen in the US: > To be fair to Tesla, EVs in general have fared pretty terribly in Canada this year. Registrations are down 32% in the first six months of this year compared with last. A lot of that blame can be attributed to the fact that the country froze the Incentive for Zero-Emission Vehicles (iZEV) program in mid-January (later accusing Tesla of trying to game the system and banning it from future incentives). It's similar to what the U.S. is planning to do with our federal EV tax credit program at the end of September. Canadian buyers also faced major changes to Quebec's Roulez Vert rebate program, which included a hiatus in February and March. EV’s in general will slow their growth or start declining once these incentives are phased out by the GOP and the BBB.

Stock goes up

He’s the largest single shareholder but not the majority shareholder. He has 12% of the shares last I checked. He still has a major influence on the board as they were all chosen by him. That’s the biggest issue.

You mean lower?

The 67% drop. So a higher drop is what i want to see. Lower total. All a matter of which way you look at it.

Why? Presumably the credits apply to other manufacturers too no? So why would Tesla see a peak that isn’t proportional to the rest of the market?

I am just saying that Tesla might see some sales increases right before they subsidies are fully removed and you can be assured they will try and capitalize on this as 'growth'. The quarter after though will show a massive decline. Both from a significant price increase and that anyone still buying will likely have bought prior to the subsidy removal.

Coo loo coo coo, coo coo coo coo!

All EV manufacturers are going to have to start cutting prices once the rebate is gone.

Considering there is about a 10 percent margin on Tesla vehicle, how much do you think Tesla can drop prices on a 50,000 dollar car when they only make $5,000?

i never understood nor followed the Tesla craze in Canada back in 2017-2020 when they were cool. Always drove BMWs and Audis instead

It’s not a real country, making real dents in the sales count

Government tax credits started this drop off, end of 2024 Quebec and BC changes rules. Federal has now done same. That money is gone. Add in tariff war ans Elon being on Trumps side, with Tesla increasing prices 20k it’s cascading impact!

I wanted one so bad 5 years ago. I will never buy one now, even if they replace Elon. He should have been fired immediately after his Hitler salute, but because he wasn't the entire company is tainted forever.