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In case it's not clear why I linked the design studio, there's a banner at the top of the page for each of the models mentioning the price increase. Model 3 seems to be the outlier, with ["up to $9000"](https://www.tesla.com/en_ca/model3/design#overview). It's unclear which models are affected, but I'd guess performance is $9000 and the others might be $4000 like all the other models.
I see the new trade war has begun as prices are going up. Can't wait to see how unaffordable Tesla's become when the whole goal was to make them cheaper...
Just some recovery after canceling EV credit… but soon they will stabilize and go down again due to new tech a cheaper solutions 🍀📈
Good. My MYP will increase in value Edit: /s
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Currency exchange will do that.
In the UK there is a luxury car tax coming in on all cars over £40k. If the model 3 goes up, all of Teslas vehicles will be over the threshold. This will reduce sales even further.
Increased value for existing owners and hopefully stops the massive depreciation.
Pretty sure Tesla knows that.
Maybe, but not as much as you think it will.
How is it recovery? They were paid by government credit the amount you saved. This is just them increasing prices? Its even more expensive to the consumer now since you lose the credit and the price goes up.
Yeah the exchange rate has gone up a good bit in the last year… the math adds up
40k seem pretty… low?
Yeah I know. I wasn’t too serious.
nobody saying anything. BUT does this mean the used market gonna win back?
GBP
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Ok
I mean its a car - massive depreciation should be expected
Yeah but increased demand for used cars will cause used car prices to increase. Everything is going to be more expensive
This has nothing to do with tariffs or a trade war. New model will be cheaper. EDIT: I'm being downvoted for calling out a claim that has no basis? There are no new tariffs. This makes no sense.
And that times with the new 10% tariff.
Smiling as a 22 MXP owner.
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No it's the fx rate catch up.
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No according to redditors all businesses and companies are idiots and clueless about everything.
No I was promised an appreciating asset
Which is only $49k USD.
now you know we have overpriced cars in NA
It is low. Everything here in the UK is taxed to the eyeballs.
This for Canada only right
"only" lol.
2021 all over again.
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Currency exchange results in a higher hike for the cheapest model?
Who cares? You bought the car to use it.
Apart from non-doms & corporations.
It might be depending on the composition of the car like maybe a greater percentage of the cost of a model three is related to the battery or similarly with steel. Or maybe simply it’s just a supply demand dynamic. Maybe they already have a lot of demand for the model three in the US and they don’t need to sell it to Canadians. There’s a lot of reasons that could be driving that decision.
Source?
I have a bridge to sell you!
> New model will be cheaper For that? you being serious?
Canada stopped being part of the UK quite some time ago, yo.
Terrible move. Other brands haven't increased prices like this despite CAD dropping.
You and I have a different definition of what luxury is. Personally, any car over $40,000 to me seems expensive and luxurious. I'm fine with taxing them that way. Other people will definitely disagree with me and that's okay. It's a conversation.
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What new tariff?
Might get a few thousand more for my 2019 Model 3 than I was anticipating now.
~~Pretty much all parts are NA made so tariffs shouldn't impact price right?~~ \[Edit\] I'm an idiot this is for Canada. RIP my maple leaf brothers 😢
That's a lot of maple syrup.
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I happen to work for a business and I can confirm it's true and reddit is right
Gotta fund the NHS so they can give all the money to private contractors, gotta give out those sweet sweet subsidies to the water barons
Only Canada, correct?
It doesn’t bother me really but anyone would be lying if they have a product that has a chance to slow down depreciation, would take it, even if intentions are to keep long term like I am. Did I understand I bought a depreciating product? Of course. But still nice.
Yeah and the Reddit gamers know everything and can 10x every business they just don't feel like it
Bad move. Won’t sell then they will have to drop the prices. Do not buy Tesla, Canadians.
Sounds like tariffs might be inbound very soon.
im okay not having a car now :P
I personally just hire other people to do it for me, working is for dipshits and third worlders. I don't even game anymore because I pay indian children to do it for me 😎
What basis do you have to say it’s NOT related to the tariff news? It’s the clear thing that’s going on causing pricing to adjust. Saying don’t worry another cheap model is coming is a little bit gratuitous when they’re literally raising prices. You say not tariffs, it’s because they’re bringing in a cheaper model? By comparison to newly inflated prices?… 7 days? The tariffs start February 1st, not a big stretch, and the market reacts to news before it happens, always. Gonna go with that unless you have new news.
Empty threat to drive sales before Q1 ends.
In Italy they just went -4.000€ on 3 and Y
JFC Read the title
Checkpoint
Currency exchange + retaliatory tariffs
Just get an Ioniq 5
That’s a lot of cases of Molson’s.
checkpoint
I was looking at selling my P3D come spring/summer so I'll have to keep my eye on the market. Hopefully I can get some more value from the sale.
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Most people feel like you do. Expensive or luxurious starts just above what I can afford. And I don't mind higher taxes as long as it's not on me. ........ :(
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Um yes it’s the new cars getting the price increase, and as a result of that will lift up used cars resale…
Exactly
Artificial FOMO to get rid of old models.
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But.... if you join the USA.... no increases!
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Insurance on these cars is crazy expensive, I don’t know how people justify it. I was interested until I contacted my insurance company and found out it would be 3x more expensive to drive one.. I drive a competitors EV because of the insurance cost. I really liked the model s and y and you can buy them for a pretty good bargain used… it just doesn’t make sense! But nothing really does these dayz…
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What you swapping it for?
Rivian R2 I’m thinking so it’ll be a bit before it comes out. Might switch back to ICE until then.
Big corporations use long term currency exchange contracts to hedge against fluctuations in the market rates. So while it would seem that everyone should be affected by the same market changes, there are variances in when it hits them based on when contracts expire, what hedges they have in place, etc. Tesla could have made a wrong bet, for example. I don't know if FX exposure gets reported (10k, etc).
literally any other ev seems like a fine choice right now
Niiice, dont really have the money for a new car but I would go Rivian or LUCID 100% im extremely interested to see how rivian pans out over the next several years
I'm curious to see how the regular consumer reacts. If resale is 'up' due to price increases at the new level, I'm sure as shit not jumping in right away knowing they could crater at the same time. That 2023 price drop did a number on the perception of resale values for EVs and Teslas as a whole
I have a lyriq now my lease is up Hopfully just in time for the R3
Canada needs to bring in BYD.
Wont lie thats the first I have heard of that car Looks like a nice caddy
When Pierre forms a government in a few months, he may get rid of Federal tax creds. You can expect sales to drop 50%.
Wonder if this will heilp sales. How could he not see this coming. Those in mein camp think this will be a hit to his master plan.
That’s pretty low. Even a civic in the UK is in the £30Ks. Add a couple of options and you have a “luxury car”. At least in Canada the luxury tax starts at $100K. Whether you like the tax or not is a separate discussion for another sub, but at least the tax is not set up in a way to cover most cars…
Yeah, they will get a reality check.
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This is a rather bold push in January when sales are not usually high! What are we missing here?
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The R3 looks sweet. I’ve been waiting to put my $100 deposit down since they were announced.
Maybe the tarrifs placed on Chinese made cars but where did anyone suggest Canada was placing tarrifs on US made EVs? Seems like the burden of proof is on you, the person making the claim.
The Teslas sold in Canada are, sometimes, manufactured at the China plant.
Not anymore as far as I am aware after the Canadian gov put tarrifs in place last year.
need? I mean it has some nice elements but need is a strong word
because in Europe sales have absolutely cratered from some of the reports I have seen.
Really? for me the difference between a model Y and an ioniq5 or ID4 is $100 and there is no real difference between them and a new ICE vehicle like a Tiguan. Perhaps you should be looking for a different insurance company.
They are already gone. The federal 5K is over and wont be back any time soon. In some ways I feel like this price increase is to cover for the inevitable drop in sales that the loss of the credit created. Demand is softer than Elon and Tesla would like to admit. Raising prices means he has something to blame for the weaker demand (its the higher prices) rather than admit that EV's without the subsidy aren't as popular as he would like them to be.
It's already gone since a week or two ago, out of funds Even if it was in place Tesla already raised their prices above the MSRP cap
Lol that's $1,200 a year. That is a huge amount.
No, I was talking about it on a yearly price for my wife and I with all the options and maximum coverage in Alberta. Model Y LR AWD - 1450 per year Ioniq5 ultimate package - 1355 per year ID4. Pro S AWD - 1365 per year Tiguan - 1340 per year. Also we are talking about insuring a brand new \~60K vehicle here so if you cant afford insurance I would question buying the car in the first place.
All good, sentiment has changed here the last little bit. Definitely won’t be buying another Tesla after Musks antics. We were going to be on our 4th one to the point where we didn’t even cross shop. Gotta see what’s out there these days.
Our government's best move is to stop that stupid 100% tax on Chinese EVs and bring BYD and Xiaomi in.
Your post which I replied to said the difference was $100/month. This is highly location dependent as well. Here in Ontario it used to be that cheap to insure my Tesla's but it's easily an extra thousand per year now. The insurance I was paying when I bought the car isn't what it is today. All insurance companies here charge ridiculous amounts for teslas now. It's one of the reason I'm looking to get rid one of them this year. I'm far from the only one experiencing this as well.
it was a slip when I was writing it and didn't realize that I had left it saying per month. I edited it to be more clear. I agree it's very location dependent, and also dependent on who the driver is amongst many other factors. the point though is that it doesn't inherently have to be such a huge difference.
I used the business tax credit personally. It's tax deductible up to $60K but cars which cost more are allowed. Just the part above that threshold is not deductible. M3 LR fit into perfectly @ $58.5K when I got it with inventory discount.
This is completely illogical. Oh shit, things are bad.. yeah that's right, let's make them twice as bad? LOL.
no its because Elon needs something to blame for when sales drop. Sales decline and Elon gets to blame the federal government instead of his own greed in raising prices.
I was thinking more "All Dressed" Potato Chips
That’s exactly it lmao
PP isnt the prime minister lmfao, next election is October, not “a few months”.
You still arent making any sense, you are acting like nobody can see him raising the prices lmao
It doesn't matter what we see, it matters that he can muddy the water so its hard to discern what is weakened demand due to a price increase and what is weak demand due to the loss of incentives and a societal level lack of desire for electric cars at full price. Its not like people dont have alternatives and there are plenty of very capable ICE cars out there, with the pending loss of electric vehicle mandates in both Canada and the US he needs to find reasons besides them hitting closer to the natural ceiling of buyers and a price hike gives him that cover. Investors who cannot tell what caused the decline in sales wont have as much worry when they can easily blame the softer sales on just the price hikes. They would have a lot more questions if its shown to be that actual desire for an electric car at full price (when no subsidies are there to boost sales) is actually lower than they have been led to believe and that they may be hitting close to a ceiling of adoption where growth will slow dramatically. Muddy the water and now it's hard for someone to say its actually a systemic issue with demand instead of an issue caused by a price hike.
It's very likely the election will be called once the parliament prorogation ends March 24.
I dunno, maple syrup is expensive
Offroading with surfboard near mountain stream. Uh, ok.
Sorry. I wasn't commenting that $49k was a small amount of money. I had forgotten about how poor the GBP USD exchange rate has gotten.
We're swapping the 3 to an R2 as well. Originally we were looking for a Y but the Rivian offers so much more for a family. Plus it feels a lot more premium and is not associated with the politics of tesla
It's coming to toronto Feb 14. Planning to check it out
By all means. Absolutely!
Checkpoint
Same here. Had to get one of those "I bought this before Elon went crazy" stickers and will be buying an R2 when those are readily available.
I think your statement is really wrong about those with right leaning views and EVs..... I believe, like most I know, that we should have choice, not have one thing or another forced upon us. Make EVs cheaper, better, and you will have droves of people wanting and buying them. I personally am a fan of EVs for many reasons.
Same here, I have a reservation for R2 and I want to sell my 2019 M3. I don't want to be associated with the politics of Tesla and Musk. (I'm actually a day 1 reservation holder for the M3, I stood in line...)
It couldnt be more clear, the website also has a warning banner
I think as of this weekend.. a Tesla is the least popular brand in Canada. I personally wouldn't be caught dead in one in Ontario. Be like driving a Toyota to a GM plant in the 80s.
This aged well
Same here, M3 early 2019, looking to swap to a R2 for next year.
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