Tesla CEO Elon Musk, who is half-Canadian, revealed at the company’s annual shareholder meeting yesterday that Canada is one of the locations being considered for a production facility.
Although it was just a comment, there is evidence pointing toward this conclusion. Filings made by Tesla in Ontario indicate the company has started talking with the Ontario government.
Stellantis is also investing $3.6 billion in Ontario.
Electric Autonomy Canada reports that Tesla is seeking production opportunities in Ontario, as revealed in the Federal lobbyist registry.
The July 2022 document reads, “Engage with the government and its agencies to identify opportunities for industrial and/or advanced manufacturing facility permitting reforms with the intent to increase the competitiveness of Ontario and its ability to attract capital investment through establishing approvals timeframes that are competitive with high-growth manufacturing locations in North America, while also working with government to identify or align incentives programs that could further increase the attractiveness of Ontario for industrial and/or advanced manufacturing investment.”
Meanwhile, Tesla has been making investments in Ontario, including advertising a position for a senior policy associate in critical minerals and supply chain to be based in the city.
The carmaker has also bought Hibar Systems, a precision battery equipment maker. Tesla also bought Springpower, a battery cathode company.
Tesla has a factory in Ontario that makes battery equipment shipped to Berlin and Texas. It will definitely welcome Umicore’s plan to build a $1.5 billion EV battery materials plant in Ontario.