Tesla(US:TSLA) Feng Huang Wang·2026-01-19 09:01Group 1: Core Insights - Tesla is expected to benefit from Canada's cancellation of a 100% additional tax on Chinese electric vehicles, as the company has already established a sales network and started exporting cars from its Shanghai Gigafactory to Canada [1][2] - Canada will provide an annual quota of 49,000 units for Chinese electric vehicles, which will enjoy a 6.1% most-favored-nation tariff rate, with the quota potentially increasing to 70,000 units over five years [1] - The agreement stipulates that half of the quota is reserved for vehicles priced below CAD 35,000 (approximately USD 25,000), which does not include any Tesla models [1] Group 2: Competitive Advantage - Tesla has a first-mover advantage in exporting vehicles to Canada, having modified its Shanghai factory to produce the Model Y specifically for the Canadian market [2] - The number of cars imported from China to Vancouver surged by 460% in 2023, reaching 44,356 units, largely due to Tesla's exports [2] - Tesla has established a network of 39 stores in Canada, while competitors like BYD and NIO have yet to set up local sales channels, giving Tesla a significant advantage in marketing and distribution [4] Group 3: Market Opportunities - The new agreement may provide a buffer for Chinese brands, allowing them to explore entry-level vehicle markets in Canada, particularly appealing to the large Chinese-Canadian community [5] - Canadian officials are interested in exploring joint ventures with Chinese companies to leverage technology for local electric vehicle production [6]