Tesla's sales in Canada have sharply declined, leading Elon Musk to reduce the price of the Model Y significantly. The new price of $65,000 CAD is $20,000 CAD less than the previous price of $84,990 CAD. This price adjustment follows a series of tariffs imposed by Canada in response to U.S. trade tensions. Tesla's sales dropped 87 percent in Quebec, a critical market, after the price increase earlier in the year. The company now sources its Model Y from its German Gigafactory, allowing for these new pricing adjustments.
Tesla's sales in Canada have plummeted dramatically, prompting Elon Musk to cut the price of the Model Y by $20,000 CAD to stimulate demand. Sales in Quebec alone dropped 87 percent.
In response to tariffs and market challenges, the Model Y's price in Canada is now $65,000 CAD, a stark reduction from the previous $84,990 CAD price.
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