Investing.com - Tesla (NASDAQ:TSLA) is due to lift the prices for its electric vehicles in Canada from February 1, Reuters has reported, citing an announcement on the company's website in the country.
The move will see the cost of Tesla's popular Model 3 offering increase by as much as $9,000 Canadian dollars, while the price of its Model Y will tick up by $4,000 Canadian dollars, the news agency said. Versions of the Model S and X will climb by 4,000 Canadian dollars as well.
Tesla, which does not produce cars in Canada and imports them into the country from plants elsewhere, did not provide a motive for the price bump and did not respond to a request for comment, Reuters reported.
The change comes as Canada has been in the crosshairs of US President Donald Trump's rhetoric around potential import tariffs since he began his second term in the White House earlier this week. Trump, who has been strongly backed by Tesla CEO Elon Musk, has threatened to slap a 25% surcharge on imports from Canada and fellow trading partner Mexico as early as February 1.
Canadian Prime Minister Justin Trudeau has said his government was ready to respond with counter-tariffs, but added that he is speaking "regularly" with Trump. However, he flagged that Trump's approach to America's trade relationship with its northern neighbor "does bring in uncertainty".
At the same time, Canada already has a 100% tariff in place on electric vehicles imported from China.