Thursday, July 7, 2022
News Tesla Prices Have Skyrocketed

Tesla Prices Have Skyrocketed

Tesla prices rise again in Canada and the US. Get this: A base Model Y LR now starts at $86,990 in Canada

  • Some models have seen $6,000 US (more than $10,000 in Canada) price increases.

  • Tesla has not divulged the reason for the increases, but they are likely linked to raw material costs.

Tesla’s gone and once again marked up its retail prices in North America. As always, the increases occur at random without any advanced notice. We suppose this is what happens when you have more orders for vehicles than can be produced in a “reasonable” amount of time.

2021 Tesla Model 3 | Photo: Tesla

Clearly, the price jumps are related to increased raw materials, transportation, and logistic costs. These amounts however may not reflect today’s costs but are more than likely the ones that will be associated with building the vehicles months from now according to electrek.

The price hikes vary from $2,500 for a Model 3 to $6,000 for a Model X. Canadian increases are similar or greater. Just over a year ago, a Dual Motor LR Model Y retailed for just under $70,000. Today, that same vehicle retails for an eye-watering $86,990. While some improvements have been made the Y, they certainly do not warrant such an increase.

Not that long ago, Tesla was able to deliver new vehicles in a matter of weeks. Today, hopeful Canadian Model Y order placers will have to wait between seven and ten months.

Trending Now

The Average New Vehicle Monthly Payment is $712 in the US

New car prices have been rising consistently over the last year. This amount excludes insurance, maintenance, fuel, and other expenses. If you’re shopping for...

An Autonomous Robot Could Charge Electric Cars in Parking Lots Without Fixed Charging stations

EV Safe Charge has been working on a robot name Ziggy since 2019 The robot will navigate to the car whose owner has...

Toyota has Run Out of US EV Tax Credits

They have sold their 200,000th EV in the US. They now join Tesla and GM who’ve already run out of credits. The question is...

Handcrafted 2023 Acura TLX Type S PMC Edition Goes on Sale Later This Year

It will be offered in limited numbers. The Type S PMC Edition will be available in three NSX-derived paint colors. The new Acura TLX...

Yokohama ADVAN Sport A/S+ Tire Review: The ADVAN does it all

The ADVAN Sport A/S+ combines real-world comfort and performance. It is a truly gifted tire no matter the driving conditions. Tread pattern aesthetics. I’ve...
Matt St-Pierre
Trained as an Automotive Technician, Matt has two decades of automotive journalism under his belt. He’s done TV, radio, print and this thing called the internet. He’s an avid collector of many 4-wheeled things, all of them under 1,500 kg, holds a recently expired racing license and is a father of two. Life is beautiful. Send Matt an emai


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.