Tesla (TSLA) Gets Removed from the Vancouver International Auto Show
Tesla (TSLA) has been removed from the Vancouver International Auto Show this week due to safety concerns. The decision was announced on Tuesday by Eric Nicholl, the event's executive director, who explained that the main issue was ensuring the safety of workers, attendees, and exhibitors. The EV maker was given multiple chances to withdraw voluntarily but was ultimately asked not to come. Although the organizers said that it was a difficult decision, they felt it was necessary due to the recent events across North America.
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In fact, there were recent protests in Vancouver and Ottawa against Tesla and its CEO, Elon Musk, due to his advisory role to U.S. President Donald Trump. However, the organizers of the auto show clarified that their decision was not politically motivated but was influenced by the growing tensions surrounding the company. This situation adds to Tesla's increasing challenges in Canada.
Indeed, just last week, British Columbia Hydro announced that Tesla products would no longer be included in its electric vehicle rebate program. This decision is part of the provincial government's effort to prioritize Canadian-made products as the Canada-U.S. trade dispute continues. Meanwhile, Tesla's stock has struggled so far in 2025, as it is down over 40%. Nevertheless, despite the decline, the company's stock remains 34% higher over the past 12 months.
Is Tesla a Buy, Sell, or Hold?
Turning to Wall Street, analysts have a Hold consensus rating on TSLA stock based on 12 Buys, 13 Holds, and 11 Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average TSLA price target of $330.39 per share implies 40% upside potential.
See more TSLA analyst ratings
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