The Globe and Mail reports in its Friday edition that Tesla is raising prices for its Canadian vehicles by thousands of dollars starting Feb. 1. A Canadian Press dispatch to The Globe says that prices for its Model 3 vehicle are increasing by up to $9,000, while prices for its Model Y, X and S vehicles are rising by up to $4,000. Tesla did not say why it was increasing prices nor did it respond to a request for comment. The increase comes as trade tensions rise, with U.S. President Donald Trump saying he could impose widespread tariffs on Canada starting Feb. 1. The timing also coincides with the suspension of Quebec electric-vehicle incentives, worth up to $4,000, for two months. Meanwhile, federal EV incentives, worth up to $5,000, ended on Jan. 12 after program funding ran out. Tesla raised its Canadian prices in January by $1,000 just as the federal incentives were running out. The increases pushed its Model 3 and Model Y over the $55,000 and $60,000 maximums for cars and SUVs to qualify for federal electric-vehicle incentives. The company's vehicles imported from China had already lost eligibility last October. The price increase also comes as the Canadian dollar is at its lowest point in years.
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