Tesla's Canadian Price Hike: What You Need to Know

Tesla is set to raise the prices of all its car models in Canada starting February 1. The Model 3 will see an increase of up to C$9,000, while the Model Y, S, and X will rise by up to C$4,000, as per the company's Canadian website.

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.)