Tesla Slashes Model Y Prices in Canada, Boosting Rebate Eligibility

TLDRTesla has reduced the prices of the Model Y in Canada, making it eligible for a combined $12,000 in rebates in Quebec. The long-range model has been reduced by $4,000, while the performance model remains the same. This price cut opens up the Model Y to a wider range of buyers.

Key insights

🚀Tesla has made another round of price cuts on the Model Y in Canada, reducing the long-range model by $4,000.

💰The Model Y now qualifies for a combined $12,000 in rebates for residents of Quebec, making it more affordable.

🇨🇦The price cuts on the Model Y in Canada may be due to surplus capacity in Tesla's factories in China, which can now export more units to Canada.

🔋The price reduction on the Model Y opens it up to new buyers who were previously unable to afford it.

💡The price cuts on the Model Y in Canada may potentially lead to price reductions in other markets as well.

Q&A

What is the new price of the Model Y in Canada?

—The long-range Model Y now starts at $63,990, after a $4,000 price reduction.

How much in rebates can Quebec residents get for purchasing a Model Y?

—Quebec residents can now receive a combined $12,000 in rebates for purchasing a Model Y.

Why did Tesla reduce the price of the Model Y in Canada?

—The price reduction may be due to surplus capacity in Tesla's factories in China, which can now export more units to Canada.

Will the price reductions apply to customers who have already placed an order?

—Yes, customers who have already placed an order but have not yet taken delivery will receive the lower price.

Are there any price reductions expected in other markets?

—There is a possibility of price reductions in other markets, as Tesla continues to optimize production and reduce costs.

Timestamped Summary

02:20Tesla has reduced the prices of the Model Y in Canada, making it more affordable for potential buyers.

05:51The long-range Model Y now starts at $63,990 in Canada, after a $4,000 price reduction.

06:38Quebec residents can now receive a combined $12,000 in rebates for purchasing a Model Y.

06:50The price reduction on the Model Y makes it accessible to a wider range of buyers who were previously unable to afford it.

07:35There is a possibility of price reductions in other markets as well, as Tesla continues to optimize production and reduce costs.

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