Tesla (TSLA, Financial) is increasing its car prices in Canada, urging buyers to purchase before retaliatory tariffs on U.S.-made vehicles take effect. The company's Canadian website displays a banner encouraging customers to buy at current prices while inventory lasts. This move follows Canada's announcement of import taxes in response to U.S. tariffs on Canadian goods, including a 25% tariff on auto parts produced outside the U.S.-Mexico-Canada Agreement region.
As of late April, new order prices on Tesla's website are higher than the prices for the same models listed as inventory. For instance, a new long-range all-wheel-drive Model 3 is priced at 79,990 CAD (57,700 USD), whereas the same 2025 model in inventory is priced around 69,000 CAD. Tesla has not commented on the price increase. The price hike, which was initially reported by driveteslacanada.ca, affects some models such as the all-wheel-drive Cybertruck, with costs rising by up to 22% for Canadian buyers.
Tesla's CEO, Elon Musk, has faced criticism in Canada due to his support for the U.S. president, who has expressed a desire for Canada to become part of the United States. Musk plans to dedicate more time to Tesla following a challenging first quarter.
