Tesla Hikes Vehicle Prices in Canada for Second Time in a Week
For the second time in a week, Tesla has raised the prices of its vehicles in the U.S., Canada, Australia, and China, with the latest round affecting the entire lineup, including the Model S, Model 3, Model X, and Model Y (via Tesla North).
In Canada, the Model 3 price range now starts at $61,380 CAD for the RWD version of the car. This makes the model ineligible for $8,000 EV rebates in Quebec since the starting price has surpassed $60,000 CAD. A previous Model 3 price increase made the vehicle ineligible for the federal $5,000 EV rebate and B.C. rebate ($3,000 CAD).
Similarly, the Model 3 Long Range price in Canada has been increased to $71,990 CAD, whereas the Performance model now costs $81,490 CAD. Only last week, the Long Range price was increased by $2,000 CAD.
The Model Y in Canada sees the Long Range now start at $82,990, an increase of $4,000 CAD, while Performance now starts at $89,290 CAD, an increase of $4,000 CAD.
The Model S and Model X also saw their first price increases in a while, now starting at $128,990 CAD and $146,990 CAD respectively. These are price jumps of $7,000 CAD and $14,000 CAD for entry versions of these vehicles.
Plaid versions now start at $177,990 CAD for Model S and $184,290 CAD for Model X, increases of $8,000 CAD and $15,800 CAD respectively.
In a tweet sent out over the weekend, Elon Musk said Tesla and SpaceX were “seeing significant recent inflation pressure in raw materials and logistics,” which is what appears to be causing the frequent price hikes. Tesla is also seeing high demand for its vehicles, amid rising gas prices due to the Russian invasion of Ukraine.