Tesla to Raise Prices on All Models in Canada by Up to $9,000 Starting February 1
The price hike follows recent increases and coincides with potential U.S.-Canada trade tensions and the end of a federal EV rebate program.
- Tesla's Model 3 will see the largest price increase in Canada, rising by up to C$9,000 ($6,255), while the Model Y, S, and X will increase by up to C$4,000 ($2,750).
- The price adjustments come after Tesla already raised prices on select models earlier in January by C$1,000 ($700).
- Canada's federal EV rebate program, which offered up to C$5,000 per purchase, recently ended due to depleted funds, further impacting affordability for Canadian buyers.
- The timing of the price hikes aligns with potential trade tensions, as U.S. President Donald Trump has threatened a 25% tariff on Canadian imports, prompting warnings of reciprocal measures from Canadian Prime Minister Justin Trudeau.
- Tesla vehicles imported from China, already subject to a 100% Canadian tariff, are also affected, though the company's Cybertruck remains unaffected by the latest price increase.