As noted by the folks over at Tesla North, a price drop quietly debuted for the Tesla Model S sedan in Canada for both its Long Range Plus and Performance versions, by up to CAD $6,000. The price drops were also in the United States, China and other markets as well.
The price drop, announced overnight, is said to be aimed at encouraging more sales of the Model S, as Tesla aims to hit 500,000 vehicles produced in a single calendar year. Below are the updated prices of the Model S in Canada:
- Model S Long Range Plus – CAD $101,990 (was $105,990; -$4,000 CAD)
- Model S Performance – CAD $124,990 (was $130,990; -$6,000 CAD)
The last time we saw a Model S price drop was back in May. That’s an $11,000 CAD drop for the Long Range Plus and a $13,000 CAD drop for the Performance, in a span of five months.
Tesla CEO Elon Musk recently said in a leaked email that the company is looking to surpass the production of half a million cars for 2020.
“When we started Tesla just over 16 years ago, I never thought we would get this far, but, thanks to your hard work and ingenuity, we actually have a chance of making half a million cars in a single year. Wow, that is so incredible!!” Musk wrote.
Meanwhile, Tesla stock continues to soar and is currently trading at $463.38 per share as of writing.