Front Burner

Tesla woes and Canada's big EV bet

Elon Musk’s company was a pioneer in the EV industry. But as more competition floods the market, Tesla is struggling to keep up.
A man in a suit stands against a black and white backdrop.
Elon Musk attends the opening of the Tesla factory in Berlin Brandenburg, Germany. (Patrick Pleul/The Associated Press)

Tesla is having its worst year since the pandemic. The company is selling fewer cars, and its stock is plummeting. 

And it's not just Tesla. We're seeing a cool down in North America's EV industry as a whole. 

Why is this happening? And as Canada pours billions of dollars into the industry, will that bet pay off? Senior CBC business reporter Peter Armstrong explains. 

For transcripts of Front Burner, please visit: 

Transcripts of each episode will be made available by the next workday.

Listen on Google Podcasts

Listen on Apple Podcasts

Listen on Spotify