Friday, June 21, 2024
NewsTesla 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.

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Matt St-Pierre
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

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