Want To View Edge Rankings? Unlock The Hidden Results With Your Benzinga Account Now. Get Started TSLA will increase the prices of its entire car lineup starting Feb. 1. The prices of the Model 3 are expected to rise by as much as C$9000 (about $6,253). What Happened: While Model Y prices will increase by up to C$4000 on Feb 1, Model 3 prices will increase by up to C$9000, the company said in announcements on its Canadian website. The company said that the starting price on all variants of Model X and Model S will increase by C$4000 starting next month, without offering a reason for the price hike. Tesla did not immediately respond to Benzinga‘s request for comment. There are no warnings for a possible price hike on the Cybertruck. Why It Matters: The EV giant does not manufacture in Canada but imports vehicles from its factories outside the country. The Canadian government levies 100% tariffs on all EVs manufactured in China and sold in the country, including Tesla EVs. Earlier this month, the company increased the price of all Model Y and Model 3 variants in Canada by C$1,000. Check out more of Benzinga’s Future Of Mobility coverage by following this link. Read Next: