It appears that Tesla and officials from Ontario, Canada, have been communicating about “investment opportunities” over the years. Documents outlining the correspondence between the electric vehicle maker and the Canadian province were reportedly retrieved by Electric Autonomy Canada through a freedom of information (FOI) request.
As noted by the publication, it submitted an FOI request on Tesla’s communications with the Ontario government between 2020 and 2023. From this, it was revealed that the EV maker has been in regular contact with several key officials from Ontario, such as Minister of Economic Development, Job Creation and Trade Vic Fedeli, and Minister of Energy Todd Smith, to name a few.
The correspondence reportedly involved some high-ranking Tesla executives as well, including CEO Elon Musk himself. One email reportedly sent last December by a commercial officer at the Ontario Trade and Investment Office in Dallas, TX, hinted at potential subsidies for EV battery production in the province. One of the email’s recipients was reportedly Musk.
“I wanted to forward an article that announces the intention of Canada to subsidize EV battery production. Just another indication of the commitment of Canada to become a hub for EV production in the future,” the letter read.
The publication noted that 150 documents were found as a result of its FOI request, and they spanned several topics. And while a notable number of the documents included redacted information, it was evident that Ontario is determined to secure an investment from the electric vehicle maker. One briefing note in particular, authored by a senior policy advisor for site planning and coordination at the Automotive Battery Office, explained how Ontario is an ideal site for Tesla.
“Ontario is the ideal destination for Tesla, thanks to our world-class automotive supply base with a growing electric vehicle assembly and battery supply chain footprint, reliable clean energy, critical mineral resources, a world-class workforce, and a thriving research and development (R&D) ecosystem,” the briefing note read.
Tesla’s own executives also appear to be optimistic about Ontario. An email from Iain Myrans, national senior manager of public policy and development for Canada at Tesla, indicated that the EV maker is noticing the wave of battery-related investments in the province.
“The multi-billion-dollar wave of investment by the industry into cathode, battery, and EV production in Ontario and Quebec has also been noticed over the past months. We also observed Bloomberg NEF battery supply chain ranking — putting Canada in the #2 spot, behind only China for battery materials processing and battery manufacturing. Ministers Champagne and Fedeli have both been in touch with me regularly to signal that Canada and Ontario will be ready to ensure Tesla gets a competitive and level playing field for any future investments,” the email read.
The idea of a potential Tesla Gigafactory in Canada was acknowledged by Elon Musk during the 2022 Cyber Rodeo. But since then, Tesla has confirmed and announced Giga Mexico instead. Despite this, Tesla has a strong presence in Canada. Electric Autonomy Canada‘s FOI request mentioned several research locations apart from the well-known Jeff Dahn Lab at Dalhousie University. These include a research center in Dartmouth that opened in 2016, a Mississauga-based research lab that opened in 2021, and a Markham facility that is involved in battery development and factory design, among others.
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News
Tesla Europe rolls out FSD ride-alongs in the Netherlands’ holiday campaign
The festive event series comes amid Tesla’s ongoing push for regulatory approval of FSD across Europe.
Tesla Europe has announced that its “Future Holidays” campaign will feature Full Self-Driving (Supervised) ride-along experiences in the Netherlands.
The festive event series comes amid Tesla’s ongoing push for regulatory approval of FSD across Europe.
The Holiday program was announced by Tesla Europe & Middle East in a post on X. “Come get in the spirit with us. Featuring Caraoke, FSD Supervised ride-along experiences, holiday light shows with our S3XY lineup & more,” the company wrote in its post on X.
Per the program’s official website, fun activities will include Caraoke sessions and light shows with the S3XY vehicle lineup. It appears that Optimus will also be making an appearance at the events. Tesla even noted that the humanoid robot will be in “full party spirit,” so things might indeed be quite fun.
“This season, we’re introducing you to the fun of the future. Register for our holiday events to meet our robots, see if you can spot the Bot to win prizes, and check out our selection of exclusive merchandise and limited-edition gifts. Discover Tesla activities near you and discover what makes the future so festive,” Tesla wrote on its official website.
This announcement aligns with Tesla’s accelerating FSD efforts in Europe, where supervised ride-alongs could help demonstrate the tech to regulators and customers. The Netherlands, with its urban traffic and progressive EV policies, could serve as an ideal and valuable testing ground for FSD.
Tesla is currently hard at work pushing for the rollout of FSD to several European countries. Tesla has received approval to operate 19 FSD test vehicles on Spain’s roads, though this number could increase as the program develops. As per the Dirección General de Tráfico (DGT), Tesla would be able to operate its FSD fleet on any national route across Spain. Recent job openings also hint at Tesla starting FSD tests in Austria. Apart from this, the company is also holding FSD demonstrations in Germany, France, and Italy.
News
Tesla sees sharp November rebound in China as Model Y demand surges
New data from the China Passenger Car Association (CPCA) shows a 9.95% year-on-year increase and a 40.98% jump month-over-month.
Tesla’s sales momentum in China strengthened in November, with wholesale volumes rising to 86,700 units, reversing a slowdown seen in October.
New data from the China Passenger Car Association (CPCA) shows a 9.95% year-on-year increase and a 40.98% jump month-over-month. This was partly driven by tightened delivery windows, targeted marketing, and buyers moving to secure vehicles before changes to national purchase tax incentives take effect.
Tesla’s November rebound coincided with a noticeable spike in Model Y interest across China. Delivery wait times extended multiple times over the month, jumping from an initial 2–5 weeks to estimated handovers in January and February 2026 for most five-seat variants. Only the six-seat Model Y L kept its 4–8 week estimated delivery timeframe.
The company amplified these delivery updates across its Chinese social media channels, urging buyers to lock in orders early to secure 2025 delivery slots and preserve eligibility for current purchase tax incentives, as noted in a CNEV Post report. Tesla also highlighted that new inventory-built Model Y units were available for customers seeking guaranteed handovers before December 31.
This combination of urgency marketing and genuine supply-demand pressure seemed to have helped boost November’s volumes, stabilizing what had been a year marked by several months of year-over-year declines.
For the January–November period, Tesla China recorded 754,561 wholesale units, an 8.30% decline compared to the same period last year. The company’s Shanghai Gigafactory continues to operate as both a domestic production base and a major global export hub, building the Model 3 and Model Y for markets across Asia, Europe, and the Middle East, among other territories.
Investor's Corner
Tesla bear gets blunt with beliefs over company valuation
Tesla bear Michael Burry got blunt with his beliefs over the company’s valuation, which he called “ridiculously overvalued” in a newsletter to subscribers this past weekend.
“Tesla’s market capitalization is ridiculously overvalued today and has been for a good long time,” Burry, who was the inspiration for the movie The Big Short, and was portrayed by Christian Bale.
Burry went on to say, “As an aside, the Elon cult was all-in on electric cars until competition showed up, then all-in on autonomous driving until competition showed up, and now is all-in on robots — until competition shows up.”
Tesla bear Michael Burry ditches bet against $TSLA, says ‘media inflated’ the situation
For a long time, Burry has been skeptical of Tesla, its stock, and its CEO, Elon Musk, even placing a $530 million bet against shares several years ago. Eventually, Burry’s short position extended to other supporters of the company, including ARK Invest.
Tesla has long drawn skepticism from investors and more traditional analysts, who believe its valuation is overblown. However, the company is not traded as a traditional stock, something that other Wall Street firms have recognized.
While many believe the company has some serious pull as an automaker, an identity that helped it reach the valuation it has, Tesla has more than transformed into a robotics, AI, and self-driving play, pulling itself into the realm of some of the most recognizable stocks in tech.
Burry’s Scion Asset Management has put its money where its mouth is against Tesla stock on several occasions, but the firm has not yielded positive results, as shares have increased in value since 2020 by over 115 percent. The firm closed in May.
In 2020, it launched its short position, but by October 2021, it had ditched that position.
Tesla has had a tumultuous year on Wall Street, dipping significantly to around the $220 mark at one point. However, it rebounded significantly in September, climbing back up to the $400 region, as it currently trades at around $430.
It closed at $430.14 on Monday.
