Published: May 2, 2026 โข 10:49 PM IST ยท Updated: June 2, 2026 โข 1:36 AM ISTBy TheBriefWire Editorial Team
Key points
Tesla has lowered the bar for electric vehicle affordability in Canada with the latest Model 3 Premium Rear-Wheel Drive option.
Reintroducing its entry-level sedan in Canada, Tesla's RWD variant for the Model 3 will start at $39,490 CAD, or approximately $29,000. That's nearly half the price of the previous entry-level price point for a Model 3 in Canada, which started at $79,990 CAD, or around $59,000. At the higher end, Tesla also reduced the price of its Model 3 Performance for Canadian customers from $89,000 CAD to $74,990 CAD, or around $55,000. To explain the sudden shift, we have to thank Tesla's global supply chain and the ever-evolving tariff situation across the world.
Canadian residents were previously able to buy a Model 3 made in Tesla's Shanghai factory before 2024, but Canada eventually slapped an additional 100 percent tariff on EVs made in China.