Tesla to Increase Price of Model Y in Canada on March 15

Tesla has announced it will increase the price of its Model Y in Canada, beginning on March 15, 2024.

According to a headline ticker on its website, Tesla says “Price Increase” and mentions, “New Model Y RWD and Long Range AWD prices will increase by $1,000 on March 15, 2024.”

Back in February, Tesla lowered the price of the Model Y RWD and Long Range by $4,000 CAD, taking prices down to $53,990 and $63,990 CAD, respectively. After these price drops, the Performance Model Y saw a drop too, by $4,300 CAD down to $69,990 CAD.

The RWD and Long Range Model Y qualify for Canada’s $5,000 iZEV rebate and also other provincial rebates, making it an attractive option for those jumping into their first electric vehicle.

When the price changes arrive on March 15, the RWD will cost $54,990 and the Long Range will be at $64,990. By tossing in a date for the price change, Tesla is essentially enticing owners on the fence to take delivery to save $1,000.