Tesla increases Model 3, Model Y pricing in Canada | Car News

Tesla has increased pricing on two of its models in the Canadian current market, and a person of them is its second-most economical design on the current market. The Product 3 Regular Variety Additionally, which is the automaker’s finest-marketing design in this article, now charges prospective buyers $two,000 CAD than it did at the beginning of Oct. The MSRP for this variant is now $54,995.

Also receiving a price tag improve is the Product Y compact SUV’s Long-Variety Twin Motor variation, which now lists at $seventy four,990, or $5,000 a lot more than preceding.

The Tesla Product S and Product X keep the same pricing as before in this article in Canada, nevertheless given that American customers have observed selling prices on these models rise this month, we could continue to get hit in this article. Other variants of the Product 3 and Product Y maintain their current pricing as nicely.

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There is no term that the price tag jumps were being accompanied by any new updates or characteristics staying included for the 2022 design-yr. In actuality, the finest rationalization is simply just to refer to the law of provide and desire.

Demand from customers, specifically for the Product 3 Regular Variety Additionally, remains extremely potent on each sides of the Canada-U.S. border, and with numerous other producers having difficulties to deliver new EVs to current market in large quantities thanks to chronic shortages of semi-conductors and other elements, Tesla is in the driver’s seat, so to discuss, and can established its asking price tag with no too much pushback.

Tesla has of training course not escaped the provide-chain problems afflicting every corner of the sector, and that is undoubtedly yet another rationalization for the newest price tag raises. CEO Elon Musk stated as much before this month for the duration of the annual shareholder’s conference. Waiting times for the two models that have observed their selling prices leap in this article are extensive: Canadian prospective buyers ordering a person these days can hope to wait till at minimum April 2022 to obtain their automobile, and it could be as late as September of subsequent yr.