On April 24, foreign media broke the news that, according to insiders, Tesla's Shanghai plant has started producing Model Y that will be sold in Canada this year, which will be Tesla's first export of cars from China to North America.。

Canadian Market "Gospel" Government-Enterprise Linkage Launches Exclusive Models + Exclusive Subsidies

According to Tesla's internal production memo, the Shanghai plant's Model Y production this month is designed and tested for export to North America, and this quarter's target is to produce nearly 9,000 vehicles.。

The market summed up the message in one sentence: in short, Tesla's move is to connect its most cost-effective factories to its largest market in the world, and the medium sells its best models.。

Tesla has taken great pains to consolidate its position in the Canadian market。

On Friday, the Canadian government said on its official website that Canadian residents will receive a $5,000 ($3,693) government subsidy for either the new Model Y or the long-range Model Y, in addition to customers who sign a four-year lease.。

After the news was released, Tesla struck while the iron was hot during the weekend, following the announcement that it would offer a new Model Y in Canada。This Model Y is an SUV model that adopts a rear-wheel drive power mode, but the price will be 10,000 Canadian dollars ($7,378) cheaper than the long-range Model Y on the market。According to Tesla's official website, the new Model Y will be delivered to Canadian customers between May and July this year.。

It is worth noting that, in fact, in November last year, the media broke the news that Tesla plans to export models produced in China to the North American market.。In response, Tesla CEO Elon Musk directly denied the news on Twitter and did not give much explanation.。

Musk's "not doing business" caused shareholder dissatisfaction with this deployment or symbolized the "return of the prodigal son."？ 

On April 19, Tesla announced its first-quarter 2023 earnings。Data show that during the period Tesla achieved revenue 233.$2.9 billion, net profit of 25.$1.3 billion, compared with 33.$1.8 billion, down 24% year-over-year, and Tesla shareholders have been quite critical in the face of this unsatisfactory report card。

According to media reports, some Tesla shareholders have signed a joint letter, hoping that Musk will pay more attention to Tesla's development issues。They said in the joint letter that Musk, in addition to serving as CEO of Tesla, also holds several positions, including CEO and CTO of SpaceX, Chairman of the Board of SolarCity, CEO of Twitter, etc., and seriously doubt that Musk has not spent enough time and experience paying attention to Tesla's development, including addressing the competitiveness of electric vehicles and improving the working environment of employees.。

Regarding Musk's readjustment of the industry chain, connecting Chinese factories to the North American market, he may want to grasp the Canadian policy dividend and China's manufacturing recovery window, expand revenue, improve corporate profitability, but also release his desire to focus back on Tesla's signal, in response to shareholder inquiries.。

As of Friday's close, Tesla fell more than 20% in April to close at 165.08 USD。