Tesla has raised the prices of its vehicles by as much as $9,000 CAD (about $6,189 USD) following the recent announcement of a 25% tariff by the Trump administration over the weekend.
In response, Canada imposed its own import tariffs, prompting Tesla to implement the price hikes it had initially warned about on January 22.
Price Changes on Model 3 and Model Y
For example, the price for the new Model 3 Performance has increased to $79,990 in Canada, marking a 9% rise from its previous price, which suggest that Tesla might be absorbing some of the extra costs due to the tariff hike.
The Model Y saw a smaller increase of $4,000 for the older model. It remains unclear if the price for the upcoming 2026 Model Y Juniper Launch Series will also rise from the current $84,990 as its release date approaches in Canada.
Promotions and Discounts
In other news, Tesla is kicking off its quarterly promotions for the Model 3 and Cybertruck earlier than usual, aiming to boost sales before the 2026 Model Y becomes available.
For instance, the referral credit for buying a new Model 3 has been increased five times, from $500 to $2,500. Additionally, monthly lease prices for both the Model 3 and Cybertruck have been reduced by as much as 17%.
The dual-motor Cybertruck can now be leased for $749/month, down from $899/month. The base Model 3 Long Range RWD is now available for $249/month, a decrease from the previous $299/month lease price.
Tax Credits and Special Offers
These leases still qualify for the $7,500 federal tax credit. To help clear out the Cybertrucks sitting in inventory, Tesla is also offering complimentary XPEL wraps for orders made in the U.S. or Canada before the end of March.
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