Tesla woes and Canada's big EV bet | CBC Radio - Action News
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Front Burner

Tesla woes and Canada's big EV bet

Elon Musks company was a pioneer in the EV industry. But as more competition floods the market, Tesla is struggling to keep up.
A man in a suit stands against a black and white backdrop.
Elon Musk attends the opening of the Tesla factory in Berlin Brandenburg, Germany. (Patrick Pleul/The Associated Press)

Tesla is having its worst year since the pandemic. The company is selling fewer cars, and its stock is plummeting.

And it's not just Tesla. We're seeing a cool down in North America's EV industry as a whole.

Why is this happening? And as Canada pours billions of dollars into the industry, will that bet pay off? Senior CBC business reporter Peter Armstrong explains.

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