Tesla to increase prices of all vehicles in Canada, website reveals

January 23, 2025 (MLN): Tesla will raise prices of all its cars in Canada from February 1, according to notices on its Canadian website, with prices of Model 3 going up by as much as C$9,000 ($6,254.78).

Model Y variants will see increases of up to C$4,000, while all versions of Model S and X will rise by C$4,000, according to the website.

However, Tesla did not provide a reason for the price increase, as Reuters reported.

The company does not produce cars in Canada and imports from other factories.

It was not immediately clear how many cars Tesla exports to Canada from its Shanghai, China factory, and its plants in the United States.

The company did not respond to Reuters' request for comment outside regular business hours, Reuters added.

The unexpected move by Tesla to raise prices comes as Canadian Prime Minister Justin Trudeau reiterated on Tuesday that his government was ready to respond.

This statement follows U.S. President Donald Trump's announcement of a potential 25% tariff on imports from Canada and Mexico, set to take effect on February 1.

Canada already imposes a 100% tariff on imports of electric vehicles from China, including Tesla cars manufactured in Shanghai, Reuters further noted.

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