Over the weekend, Tesla raised car prices in Canada, prompting buyers to act quickly before new import tariffs take effect.
Price Increases on Tesla Vehicles in Canada
Tesla's Canadian website posted a banner indicating that vehicles are available at pre-tariff prices. For instance, a new long-range Model 3 now costs C$79,990, while identical models already in inventory are being sold for about C$69,000. This creates clear pressure on buyers to act fast.
Reactions to Tariffs and Implications for Buyers
Recent tariff changes come in the wake of President Donald Trump's implementation of a new 25% tariff on Canadian goods, including vehicles. Canada retaliated with mirror import taxes. This has also negatively impacted new order prices, which are now 22% higher than existing inventory models.
Analysis of Tesla's Stock Situation
Tesla's stock prices surged following announcements to expedite the approval of autonomous vehicles. However, despite positive notes from analysts like Piper Sandler, many remain skeptical, including UBS and Wells Fargo, who maintain a negative outlook.
Tesla's vehicle prices in Canada continue to rise amid new tariffs, raising concerns among buyers. The situation with the company's stock remains ambiguous among analysts.
