Canada Eyes Tesla Investment: New Documents Reveal Efforts to Woo Musk
In a recent cache of documents obtained by Electric Autonomy through a freedom of information request, significant interactions between Ontario officials and Tesla representatives from 2020 to 2023 were revealed. With Tesla's growing interest in Canadian investment opportunities, the province of Ontario has shown keen interest in becoming a hub for EV production, backed by a series of promising factors.
Ontario's Pursuit of Tesla
Ontario officials, including the Minister of Economic Development, Job Creation and Trade, Vic Fedeli, and the Minister of Energy, Todd Smith, were in continuous contact with Tesla decision-makers. Even Tesla's CEO, Elon Musk, was part of these interactions.
The documents reveal the provincial government's commitment to becoming an attractive destination for Tesla, highlighting the end-to-end EV battery supply chain, a talented workforce, R&D opportunities, mining opportunities, and a competitive manufacturing landscape.
An email from December 2022 states Canada's intention to subsidize EV battery production, indicating the country's ambition to be a central hub for future EV production.
Tesla's Interest in Canada
Tesla is considering Ontario for possible investment. The company's representatives have been closely watching other auto sector developments within the province and across the country.
A December 2022 email from Iain Myrans, national senior manager of public policy and development for Canada at Tesla, observes the multi-billion-dollar wave of investment in Ontario and Quebec and Canada's ranking as the #2 spot for battery materials processing and manufacturing.
Canada's Ministers Champagne and Fedeli have also shown a readiness to ensure a level playing field for Tesla's future investments.
Future Involvement and Collaboration
Tesla is exploring collaborations with Canadian universities and the Ontario Vehicle Innovation Network for connected and autonomous vehicle research. The government correspondence also reveals Tesla's support for talent development and career opportunities in Ontario's advanced manufacturing sector.
Recent events, such as an email to Canadian Tesla owners showcasing Tesla's impact on the Canadian economy, further demonstrate Canada's commitment to sustainability and align with Tesla's ambitions. Tesla's planned expansion to 10-12 Gigafactories globally opens the door for potential Canadian locations.
Musk Homecoming
Tesla's interest in Canada isn't just a matter of business strategy; it's personal for CEO Elon Musk, who is half-Canadian. His mother, Maye Musk, was born in Canada, and Musk holds Canadian citizenship. He spent part of his early years in Canada, attending Queen's University in Kingston, Ontario, before transferring to the University of Pennsylvania.
The connection to Canada is more than nostalgic; it aligns with the country's positioning as a hub for technological innovation and sustainable energy. Musk has openly mentioned Canada in several instances, expressing interest in the country's commitment to green energy, natural resources, and scientific research.
Musk's affinity for Canada could play a crucial role in Tesla's future investment decisions, and the recent interactions between Ontario officials and Tesla representatives seem to be leveraging this connection.
This personal connection, along with Canada's strategic positioning in the EV and battery manufacturing landscapes, makes Ontario an attractive option for Tesla's expansion, and the ongoing talks between the parties demonstrate a commitment to exploring these opportunities.
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