EV maker Tesla (NASDAQ:TSLA) has completed the first shipments of its Model 3 and Model Y vehicles that are made in China to Canada, according to Reuters.
The company’s website displayed vehicles marked as manufactured at its Shanghai facility available for sale in British Columbia. Its Shanghai facility makes up nearly half of its vehicle output and already exports to key markets including Europe.
In another development, Elon Musk has noted that he will not be stepping down as the electric vehicle maker’s CEO. Additionally, Mr. Musk has also said that the company is open to advertising and will “see how it goes.”
Overall, the Street has a $202.84 consensus price target on Tesla alongside a Moderate Buy consensus rating. Shares of the company have run up 74.7% so far this year already.
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