Tesla increases price of Model 3 SR+ in Canada to just $10 below federal incentive limit

designstudio
Image via Tesla

Two weeks ago Tesla increased the price of the Standard Range Plus (SR+) Model 3 in Canada. As demand shows no signs of slowing down, Tesla has raised the price again.

Earlier this month the SR+ Model 3 started at $52,990. Then on October 14 Tesla increased the price by $2,000 to $54,990.

In an update to the Design Studio overnight, the price of entry-level electric sedan has been increased another $3,390 and now starts at $56,380.

SR plus model 3 canada

If that price doesn’t sound quite right to you, it is because it is the only vehicle in Tesla’s North American lineup that doesn’t end in $990. And there is a good reason for it.

The Government of Canada offers a $5,000 rebate on the purchase of certain electric vehicles (EVs). To qualify the EV must be priced under $55,000 (and have a lower trim under $45,000, which is why the range-limited SR Model 3 is offered only in Canada).

Taking out the included $1,280 destination and documentation fee, $100 air conditioning fee and $10 OMVIC fee, the new price is $54,990, just $10 below the upper limit of the program.

If they had followed their typical pricing convention and raised it to $56,990, it would no longer qualify for the rebate.

Unfortunately delivery wait times for the stock configuration (white paint and aero rims) have not improved are are still showing as September 2022.

About Darryn John 3414 Articles
Founder and Editor-in-chief of Drive Tesla Canada | Darryn@DriveTeslaCanada.ca Have a Tesla tip? Email tips@driveteslacanada.ca, or DM us on Twitter @DriveTeslaca