Tesla Hikes Canadian Prices by Up to $9,000
Tesla Raises Prices Across Product Lineup in Canada
In a move that could impact potential buyers, Tesla has announced price increases across its entire product lineup in Canada. The adjustments, first announced on January 22, went into effect overnight.
The Canadian dollar has weakened significantly against the U.S. dollar, making imported vehicles more expensive. This, combined with increased costs for raw materials and supply chain challenges, has prompted Tesla to raise prices.
The Model 3, Model Y, Model S, and Model X are all affected by the price hike. The Performance Model 3 now costs $79,990, an increase of $9,000, while the Long Range Rear-Wheel Drive Model 3 is priced at $59,990, up by $4,000. The Long Range All-Wheel Drive Model 3's price has increased by $8,000 to $68,990. The Long Range All-Wheel Drive Model Y is now $68,990, a $4,000 increase, and the Long Range Rear-Wheel Drive Model Y is priced at $64,990, also up by $4,000.
The Model S and Model X have seen price increases as well. The Model S AWD variant now costs $110,990, a rise of $4,000, and the Model X AWD variant is priced at $114,990, also up by $4,000. The Model S Plaid variant now costs $141,990, an increase of $4,000, and the Model X Plaid variant is priced at $135,990, also up by $4,000.
However, Tesla has honoured the original pricing for customers who placed orders before the price hike. The Cybertruck Dual Motor variant remains priced at $137,990, and the Cybertruck CyberBeast variant remains priced at $165,990. The Launch Series Model Y, a limited-edition version, remains priced at $84,990 and is not affected by the price hike.
The price increase may push some potential Tesla buyers to reconsider their purchase timelines, especially with the loss of the iZEV rebate of $5,000. In 2020, the Canadian government announced that it would phase out the incentive for electric vehicles by 2025.
It's important to note that similar price adjustments occurred in other countries, but specific details on exactly which countries were affected alongside Canada are not provided in the search results.
In response to President Trump's intention to impose 25% tariffs on Canadian goods, the Canadian government had signaled that they would do the same. However, the impact of these potential tariffs on Tesla's pricing strategy is not clear.
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