Tesla Model X Prices Jump; Model 3 0.99% Financing Promo in Canada

Tesla has adjusted Model X pricing, as it has just got even more expensive.

Tesla raised prices by C$7,000 in Canada for the second time in a week, bringing the AWD model to C$121,990 and the Plaid to C$142,990. In the U.S., prices climbed US$5,000, causing the Model X AWD to lose its US$7,500 tax credit by exceeding the $80,000 price cap.

But we have a silver lining. Tesla is offering 0.99% APR financing on the Model 3 in Canada, but buyers must order by March 7 and take delivery by March 31. Longer loan terms go up to 3.49% APR for 96 months.

This deal is well below standard 5%+ auto loan rates, potentially saving buyers thousands. Tesla also reinstated the Model 3 in its referral program, giving a $650 discount with a referral link.

Despite this, Model 3 prices have increased, now starting at C$59,990 for RWD, C$68,990 for Long Range AWD, and C$79,990 for Performance.

It’s super rare to see a 0.99% financing promo for new cars nowadays, but this looks to entice more Model 3 sales in Canada if you order on time.