Latest news with #EricNicholl
Yahoo
20-03-2025
- Automotive
- Yahoo
Tesla removed from Vancouver International Auto Show on safety concerns
(Reuters) - Tesla was removed from the Vancouver International Auto Show in Canada because of safety concerns, the event organizers said on Thursday. "The Vancouver International Auto Show has removed Tesla as a participant in this week's event, after the automaker was provided multiple opportunities to voluntarily withdraw," Eric Nicholl, executive director for the auto show said. Tesla did not immediately respond to a Reuters request for comment. The safety concerns come as protesters across the United States stage demonstrations targeting Tesla's CEO Elon Musk, who is spearheading the Department of Government Efficiency's move to shrink the federal government. "The Vancouver Auto Show's primary concern is the safety of attendees, exhibitors, and staff," Nicholl said. Toronto on Monday stopped providing financial incentives for Tesla vehicles purchased as taxis or ride shares due to escalating trade tensions between Canada and the United States. The city's mayor told Reuters that the decision was meant to target Musk, a close adviser to the U.S. president. Trump has called for Canada's annexation and imposed tariffs on Canadian products, angering Canadians. Separately, on Thursday, Tesla recalled roughly all of its Cybertrucks in the U.S. to fix an issue with an exterior panel that could detach while driving.
Yahoo
19-03-2025
- Automotive
- Yahoo
Auto show pulls Tesla over safety concerns
The Vancouver International Auto Show removed Tesla products a day before the slated event over safety concerns. 'The Vancouver Auto Show's primary concern is the safety of attendees, exhibitors, and staff,' said Eric Nicholl, executive director of the Vancouver Auto International Show, in a statement. 'This decision will ensure all attendees can be solely focused on enjoying the many positive elements of the event.' Tesla was reportedly given multiple chances to withdraw from the show, which will welcome exhibitors from Wednesday to Sunday. In recent days, some Canadians have engaged in 'Tesla Takedown' protests urging patrons to sell their vehicles, ditch their stock and stop CEO Elon Musk from performing his role as a senior adviser to President Trump and Department of Government Efficiency leader in the Trump administration. BC Hydro, a Canadian electric utility, has also pulled the company from its electrical vehicle rebate program in an effort to prioritize Canadian goods. Musk said he was receiving pushback over his attempts to stop fraud and waste. He told Fox News's Sean Hannity on Tuesday that 'when you take away people's … fraud, the money they're receiving fraudulently, they get very upset, and they basically want to kill me because I'm stopping their fraud.' The tech giant added, 'And they want to hurt Tesla because we're stopping this terrible waste and corruption in the government. And, well, I guess they're bad people. Bad people do bad things.' His comments come as some Tesla dealerships within the U.S. have been set on fire and vandalized. The Hill has reached out to Tesla for comment. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Globe and Mail
19-03-2025
- Automotive
- Globe and Mail
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. Light Up your Portfolio with Spark: Easily identify stocks' risks and opportunities. Discover stocks' market position with detailed competitor analyses. 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 Questions or Comments about the article? Write to editor@
The Hill
19-03-2025
- Automotive
- The Hill
Auto show pulls Tesla over safety concerns
The Vancouver International Auto Show removed Tesla products a day before the slated event over safety concerns. 'The Vancouver Auto Show's primary concern is the safety of attendees, exhibitors, and staff,' Eric Nicholl, executive director of the Vancouver Auto International Show said in a statement, according to the outlet Vancouver is Awesome. 'This decision will ensure all attendees can be solely focused on enjoying the many positive elements of the event.' Tesla was reportedly given multiple chances to withdraw from the show, which will welcome exhibitors from Wednesday to Sunday. In recent days, some Canadians have engaged in ' Tesla Takedown ' protests urging patrons to sell their vehicles, ditch their stock and stop CEO Elon Musk from performing his role as a senior adviser to the president and Department of Government Efficiency leader in the Trump administration. BC Hydro, a Canadian electric utility, has also pulled the company from its electrical vehicle rebate program in an effort to prioritize Canadian goods. Musk said he was receiving push back over his attempts to stop fraud and waste. He told Fox News's Sean Hannity Tuesday night that 'when you take away people's … fraud, the money they're receiving fraudulently, they get very upset, and they basically want to kill me because I'm stopping their fraud.' The tech giant added, 'And they want to hurt Tesla because we're stopping this terrible waste and corruption in the government. And, well, I guess they're bad people. Bad people do bad things.' His comments come as some Tesla dealerships within the U.S. have been set on fire and vandalized.
Yahoo
19-03-2025
- Automotive
- Yahoo
Tesla Exits 2025 Vancouver Auto Show Over Safety Concerns
March 19 - Tesla (TSLA, Financial) has been pulled from the 2025 Vancouver International Auto Show over safety concerns from event director Eric Nicholl at the Vancouver Convention Centre. Organizers cited primary concerns for the safety of workers, attendees, and exhibitors, noting that Tesla had been given several opportunities to withdraw voluntarily. The decision comes as escalating security issues unfold across North America. This removal follows protests in both Vancouver and Ottawa over the weekend, where demonstrators condemned CEO Elon Musk's advisory role to U.S. President Donald Trump. In a related move, British Columbia Hydro recently excluded Tesla products from its electric vehicle rebate program as part of the provincial effort to favor Canadian-made goods amid the ongoing Canada-U.S. trade dispute. This decision also exemplifies the difficulties that Tesla is currently facing in how to balance its global event participation with security and public sentiment as it comes in the wake of regulatory and geopolitical pressures. This article first appeared on GuruFocus. Sign in to access your portfolio
