President Donald Trump wasn't thrilled when Canada and China struck a deal to flood the Canadian market with Chinese-made electric vehicles. But if you're looking for a winner from that agreement, you might want to check out Tesla Inc. (TSLA).

According to a report by Drive Tesla Canada on Saturday, citing data from Global Affairs Canada, over 2,910 EVs arrived in Canada from China in May. And Tesla's Model 3 shipments were spotted in Ontario and Nova Scotia. The EV maker accounted for more than 10% of those Chinese imports, the report noted.

Tesla didn't immediately respond to a request for comment.

The China-Canada EV Deal

The agreement between Ottawa and Beijing allows for an influx of over 49,000 Chinese-made EVs into Canada at a tariff of just 6.1%. That number could eventually climb to over 70,000. It's a pretty sweet deal for Chinese manufacturers—and for Tesla, which builds some of its vehicles in Shanghai.

Meanwhile, Stellantis NV (STLA) and China's Zhejiang Leapmotor Technology have been discussing plans to manufacture Chinese EVs at Stellantis's plant in Ontario. That idea has faced stiff opposition from Canadian lawmakers, including Ontario Premier Doug Ford.

And BYD Co. Ltd. (BYDDY) had earlier applied for a permit to import its vehicles into Canada after the tariff reduction.

Tesla's European Sales Rebound

The Canadian news comes as Tesla's European sales are bouncing back. The Elon Musk-led company sold 9,169 units in April, a 67.2% surge from 5,483 units in April 2025.

Investor Ross Gerber of Gerber Kawasaki suggested that the Iran war could have pushed customers toward EVs as gas prices soared. Musk also recently fired back at critics, touting the Model Y's sales.

Price Action: Tesla shares were down 0.33% at $434.35 in after-hours trading on Friday.