Great news for Canadian Tesla fans! The Model Y Performance is now available at a reduced price of $69,990, down from the original price of $74,290. But that’s not all – this updated price also makes customers eligible for the federal Incentives for Zero-Emission Vehicles (iZEV) rebate, providing up to $5,000 when the purchase price is below $70,000.

But wait, there’s more! In addition to the federal rebate, there are also provincial rebates available for EV purchases. In B.C., customers can receive a rebate of up to $4,000 (dependent on income), while in Quebec, there is a $7,000 rebate if the purchase price falls below $65,000.

And it doesn’t stop there – Tesla has also reduced the prices of both the Model Y RWD and Long Range models. The RWD model is now priced at $53,990 and the Long Range model has dropped by $4,000 to $63,990. This means that across the board, the entire Model Y series is now offered at a discounted rate.

In addition to these exciting price cuts, Tesla’s Model Y was reported as the best-selling car in 2023 according to a recent Q4 earnings report. With 1.2 million units shipped and these new price reductions in place, we can expect to see even more drivers across Canada embracing the Model Y throughout the year. So if you’ve been eyeing a Tesla, now might be the perfect time to make your move!