Tesla announces price increases for all models in Canada

Tesla has surprisingly announced significant price increases for its entire vehicle range in Canada, effective February 1, 2025. Some models will be up to CAD 9,000 more expensive.

Details of the price increases

Model 3:
- Long Range RWD: +4,000 CAD
- Long Range AWD: +8,000 CAD
- Performance: +9,000 CAD
Model Y (all variants): +4,000 CAD
Model S (all variants): +4,000 CAD
Model X (all variants): +4,000 CAD

These adjustments are among the most significant price changes that Tesla made on the Canadian market in recent years. Just over a week ago Tesla the prices for all Model 3 and Model Y variants by CAD 1,000, which means that the vehicles no longer qualify for the federal iZEV subsidy of CAD 5,000.

Possible reasons for the price increases

Although Tesla has not given an official reason for the price adjustments, the timing of the increases could indicate possible trade conflicts. As of February 1, the US government under President Trump plans to introduce 25% tariffs on Canadian imports. In response, the Canadian government has announced plans to impose similar tariffs on US goods. Although Tesla imports its vehicles to Canada, it is unclear how many of them come from the Shanghai plant or the US factories.

Another possible factor is the depreciation of the Canadian dollar against the US dollar in recent months, which has increased import costs for Tesla could increase.

Impact on Canadian consumers

For potential Tesla-For potential buyers in Canada, these price increases, especially in combination with the elimination of the iZEV subsidy, mean significantly higher acquisition costs. Prospective buyers should consider placing their orders before February 1 to take advantage of the current prices. Tesla's online ordering system guarantees the price at the time of order, even if delivery is made after February 1.

The significant price increases, especially for certain Model 3 variants such as the Long Range AWD and Performance, could lead to an increase in orders in the coming days. In addition, the increases could affect Tesla's eligibility for government grants in certain provinces, as some programs have price caps that determine which vehicles are eligible.

Conclusion

The price increases announced by Tesla in Canada reflect the challenges the company is facing in a changing economic and political environment. Buyers should monitor developments closely and act quickly if necessary to take advantage of the current price structures.

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