Tesla Increases Price of Model S/X in Canada by Up to $8,000 CAD
Tesla has increased its prices in the USA and Canada across its line up, with changes made on Friday night.
We saw the Model Y increase in price by $4,000 CAD (a total of $5,000 CAD in increases in one month alone), but there are also price increases to Model S and Model X as well up in the Great White North.
Check out the changes below…
- Long Range – $121,990 CAD (+$7,000 CAD; was $114,990 CAD)
- Plaid – $169,990 CAD (no change)
- Long Range – $132,990 CAD (+$8,000 CAD; was $124,990)
- Plaid – $159,990 CAD (no change)
Model S and Model X Long Range are now delivering in May 2022.
The company said during its Q3 earnings call they are seeing unprecedented demand for electric vehicles, particularly its own vehicles. Tesla saw a record quarter in deliveries, net income and revenue, with gross margins around 30%.
The company is also still dealing with a global semiconductor shortage and also parts as well. They explained price increases are to temporarily compensate for the shortages, with delivery times being pushed well into 2022 for new orders.