News Summary

Tesla has launched its new Model 3 Premium Rear-Wheel Drive (RWD) in Canada at an unprecedented low price of $39,490 CAD (approximately $29,000 USD). This price drop is facilitated by sourcing the vehicle from Tesla’s Giga Shanghai factory, following a decrease in Canadian tariffs on Chinese-made electric vehicles. Previously, Tesla had to rely on its Fremont, California factory due to high tariffs on Chinese imports and counter-tariffs on US-made vehicles. The introduction of the Shanghai-built Model 3 marks a significant shift, offering Canadian consumers a more affordable option with an estimated range of 463 to 491 kilometers on a single charge. However, this model does not qualify for Canada’s Electric Vehicle Affordability Program rebate of $5,000 CAD, as it is not made domestically. The strategic move by Tesla underscores the impact of international manufacturing and tariff policies on the pricing and availability of electric vehicles in Canada.