Tesla increases the price of several models in Canada

The last price increase of You’re here came in March, when some models saw their base price go up by $15,800 all at once in Canada. The automaker is doing it again as the automaker’s website has been posting significant price increases since yesterday for some of the automaker’s flagship models, including the all-wheel-drive Model 3 and the long-range Model Y.

The good news for consumers is that the rear-wheel-drive Model 3 does not change in price, remaining offered just under $60,000, which corresponds to the current eligibility threshold for the provincial rebate.

Tesla Model 3 2022
Tesla Model 3 2022 Photo provided by: Tesla

However, the all-wheel-drive Tesla Model 3 makes up for a $2,000 increase, bringing its price to $76,990 including freight and PDI and air conditioning tax. Compared to March, the long-range Model Y, which is the base version in Canada, is now $4,000 higher to $86,990. For its part, the Performance version of the Model Y is now at $91,990. For the Model Y, these are record prices, posting a starting price $10,000 higher than in October 2021.

The most affected models

The biggest changes, however, are the Model S and Model X. The all-wheel-drive sedan gets a $7,400 increase to $136,990 while the SUV hits $157,990 after taking a $10,400 hike. . The price of the Plaid versions of these two models remains unchanged.

It remains possible that the increase in the cost of the batteries, as well as the very high demand for the models are reasons which explain the increase in the costs. The challenges of supplying certain parts could also explain, at least partially, this increase. Tesla has not commented on the subject.

Tesla Model Y 2022
Tesla Model Y 2022 Photo provided by: Tesla

Delivery delay

Despite the price increase last March, demand for Tesla vehicles does not seem to be abating. According to the automaker’s website, the lead time to get a long-range Tesla Model Y is around seven to eight months, which is slightly longer than during the previous price hike. It’s the same for the Model 3 whose wait for rear-wheel-drive and all-wheel-drive versions goes to fall 2022.

Nevertheless, the wait for a Tesla vehicle remains less than for most other electric vehicles currently available on the market. It is also unclear if the manufacturer has changed the number of vehicles allocated for Canada, which could also see an impact on the waiting time for a vehicle.

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