Tesla to Increase Prices in Canada on Feb. 1: Here are the Changes
- by iPhone in Canada
- Jan 23, 2025
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Model Y (all trims): +$4,000
Model S (all trims): +$4,000
Model X (all trims): +$4,000
For context, the U.S. price of the Model 3 RWD right now is $42,990 USD. The current CAD price is $55,990, but with the $4000 increase coming on February 1, it goes to $59,990 CAD. Convert this to USD based on today’s exchange rates and you get a price of roughly $41,778 USD, which is pretty close to US pricing.
The falling Canadian dollar is not helping right now and we could see more prices increase locally due to exchange rates (like maybe your iPhone 17 soon).
With Tesla recently increasing prices, on top of the federal iZEV rebate ($5,000) running out of money, buying a new Tesla is getting more expensive in Canada. It will be interesting to see how many people will be willing to plunk down cash for a new Tesla with these price increases (leaving politics out of the equation).
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