Tesla Inc. (NASDAQ:TSLA) is likely to be a major beneficiary of Canada’s decision to eliminate tariffs on Chinese-made electric vehicles (EVs), say experts.

Tesla Gains Edge Amid Smart Strategies

The Elon Musk-led EV maker stands to benefit as it began shipping vehicles from Shanghai to Canada in 2023, driving a 460% surge in Chinese auto imports to Vancouver. After Canada imposed 100% tariffs to counter China's state-backed overcapacity, Tesla shifted Model Y exports to Berlin, though lower-cost Model 3 variants are still largely made in China, reported Reuters.

Moreover, the company already operates 39 stores across Canada, giving it a major advantage, while Chinese competitors like BYD (OTC:BYDDF) and Nio currently have no sales presence in the country.

Even though half of the quota is set aside for vehicles priced under 35,000 CAD ($25,189), a ...