Tesla cuts Model Y prices in Canada, high-end model now costs $3,000 less – Tesla (NASDAQ:TSLA)

Tesla Inc TSLA has cut prices on its most expensive Model Y version in Canada, just days after the company slashed prices on two of its lower-priced versions.

What happened: The Y Performance model is now priced at C$69,990 ($51,911.23) on the company’s website, down 5.8% or C$4,300 (about $3,190) from the previous starting price of C$ 74,290 ($55,100).

Earlier this month, the company cut prices of both the rear-wheel-drive Model Y and long-range variants by C$4,000 ($2,966). While the rear-wheel-drive version of the vehicle now starts at C$53,990 ($40,044), the long-range version starts at C$63,990 ($47,463).

With the recent round of price cuts, the Model Y has the same starting price in Canada as the Model 3 sedan. The Model 3 was previously Tesla’s cheapest offering.

Because matter: Tesla delivered more than 1.2 million Model Y SUVs in 2023, cementing its position as the world’s best-selling vehicle model. It’s the first electric vehicle ever to wear that crown.

Photo courtesy: Tesla

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