Tesla prices increase by up to CA$9,000 on Canada tariffs as it lowers Cybertruck lease in the US and bumps Model 3 referrals fivefold
Tesla vehicle prices have been raised by up to $9,000 Canadian dollars (US$6,189) after the Trump administration tariff of 25% was announced over the weekend.
Canada retaliated with import tariffs of its own, and Tesla was forced to put into effect the price increases that it first cautioned about on January 22.
A new Model 3 Performance, for instance, now costs $79,990 in Canada, a 9% increase over its previous tag, indicating that Tesla might be eating some of the additional costs of the tariff increase.
The Model Y notched a much more humble price increase of $4,000 for the old version, and it remains to be seen if the 2026 Model Y Juniper Launch Series price will increase from the current $84,990 when the time to release it in Canada nears.
Meanwhile, Tesla is starting its quarterly series of Model 3 and Cybertruck promos and discounts early, trying to boost sales before everyone jumps on the 2026 Model Y bandwagon.
It increased the referral credit one gets for the purchase of a new Model 3 fivefold, for instance, from $500 to $2,500 now, and lowered its monthly lease, as well as that of the Cybertruck by up to 17%.
The dual-motor Cybertruck can now be leased from $749/month, down from $899/month, while the base Model 3 Long Range RWD is now $249/month, down from $299/month before the lease price drop.
The leases are still eligible for the $7,500 federal tax credit, and to move all those Cybertrucks sitting in the lots, Tesla is also offering free XPEL wraps for orders placed in the US or Canada by the end of March.
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