Tesla Gets Green Light From Canadian Government To Deploy Steer-By-Wire System, Clearing Path For Cybertruck Sales (CORRECTED)
Portfolio Pulse from Anan Ashraf
Tesla Inc. (NASDAQ:TSLA) has received approval from the Canadian government to deploy its steer-by-wire system in the country, a crucial step for the sale of its Cybertruck. The company will need to provide semi-annual incident reports and meet other regulatory requirements.
July 20, 2024 | 8:39 am
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Tesla has received approval from the Canadian government to use its steer-by-wire system, essential for the Cybertruck's rollout in Canada. This approval is a significant milestone for Tesla as it expands its Cybertruck market.
The approval from the Canadian government allows Tesla to move forward with Cybertruck sales in Canada, potentially increasing revenue and market share. The requirement for semi-annual incident reports indicates regulatory oversight but does not pose an immediate threat to sales.
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