Tesla's Canadian prices surge amid trade tensions and tariffs
Tesla car prices in the Canadian market have increased significantly, reports Bloomberg. Since the company still has some stock of cars imported to Canada before the trade war began, these models will be sold at a lower price.
Canada, along with Mexico, was the first country subjected to new tariffs imposed by Donald Trump. Although there have been temporary reversals of action in the meantime, currently, 25 per cent tariffs on car imports from Canada are in effect. In response, Canada introduced retaliatory tariffs.
As a result, Tesla has raised the prices of its cars sold in Canada. According to Bloomberg and the Canadian site driveteslacanada.ca, the Long Range version of the Model 3 increased by 16%—from 68,990 to 79,990 Canadian dollars.
The same percentage increase was applied to the Model X, which went up from 121,990 to 140,990 Canadian dollars. The price of the Long Range Model Y rose by 21%, while the Cybertruck increased by almost 22%—depending on the version, from 114,990 to 139,999 Canadian dollars and from 137,990 to 167,999 Canadian dollars.
At the same time, Tesla has placed a banner on its Canadian website encouraging customers to purchase cars at these lower prices. These vehicles were imported into the country before the trade war began.
Musk announces: less politics, more Tesla management
This week, Tesla's CEO Elon Musk announced that starting in May, he will focus primarily on managing Tesla, reducing his involvement with the Department of Government Efficiency (DOGE). This decision followed the publication of the company's financial results, which showed that its profit in the first quarter of 2025 was 71% lower than the previous year.
Tesla, under Elon Musk, finds itself in a predicament: continuing close cooperation with President Donald Trump may discourage buyers opposed to the U.S. leader's policies, while distancing himself from Trump could provoke disapproval from the White House, noted CNN at the beginning of this week.
