| Updated: 23-01-2025 09:10 IST | Created: 23-01-2025 09:10 IST This image is AI-generated and does not depict any real-life event or location. It is a fictional representation created for illustrative purposes only. SHARE Tesla is gearing up for a significant price increase in Canada, effective February 1. This announcement, detailed on the automaker's Canadian website, reveals that the Model 3's new price tag will surge by as much as C$9,000, translating to about $6,254.78 USD. Meanwhile, consumers eyeing the Model Y can expect an increase of up to C$4,000. Similarly, the Model S and X will also see adjustments to their pricing, each receiving a hike of approximately C$4,000. These adjustments align with Tesla's broader strategy to manage its pricing amidst fluctuating market conditions and regional disparities in currency value. The updated conversion rate currently stands at $1 equaling 1.4389 Canadian dollars. (With inputs from agencies.)