Model X: $4,000 Buyers can still get $1,300 CAD off of new Model Y, Model S, or Model X purchases with a referral code. Tesla never comments on price changes and therefore, we don’t know the official reasons for these specific price increases, but we can make some educated guesses. First off, the Canadian dollar has crashed in comparison to USD over the last few months: Furthermore, the timing of announcing that the price increases will take place on February 1st has led some to link this to the upcoming tariff wars that President Trump signaled against Canada. The US President said that he plans to impose 25% tariffs on any goods coming from Canada, and Canada said that it would retaliate. Electrek’s Take