Tesla Raises Car Prices in Canada Amid Import Tensions

Tesla announces a price increase for all its car models in Canada starting February 1. The hike affects Model 3, Model Y, Model S, and Model X, with no stated reason. The price change coincides with potential U.S. tariffs and existing Canadian tariffs on electric vehicle imports from China.

Tesla announced it will raise car prices across its Canadian range from February 1, significantly affecting consumers. Prices for Model 3 could increase by as much as C$9,000 ($6,254.78), while Model Y variants will see hikes reaching C$4,000.

The price increases extend to all versions of Model S and X as well, each set to rise by C$4,000, according to Tesla's Canadian website. Notably, the company has not provided an explanation for this decision.

This development coincides with Canadian Prime Minister Justin Trudeau reiterating a readiness to respond to potential new U.S. tariffs on imports from Canada and Mexico. Moreover, Canada already imposes a 100% tariff on electric vehicles from China, impacting Tesla imports from its Shanghai factory.

(With inputs from agencies.)