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I thought I read somewhere that automobile manufacturers who import to other countries have a currency freeze for importation purposes for a fixed period (5 years?). That ensures they aren't having to adjust pricing every month to compensate for the fluctuating dollar.With the falling Loonie, how long do you think it will be before Tesla adjusts their Canadian prices?
Sounds good canuck, am hoping i dont get burned when its time to pay for the x a year from now! i guess once the vehicle is built in the design studio the price is pretty much locked in at that point
They may pay Canadian expenses in CAD but the bulk of the cost that goes into buying a Tesla has to be in USD.
I don't see how they won't be raising prices soon - unless they enjoy selling vehicles at a loss, and/or opening a huge arb opportunity for Americans to come and by their Teslas in Canada.
But over the years vehicle prices in Canada have been adjusted when the CAD moves. I could be wrong but I do not believe that Tesla prices have been adjusted this year despite the fact that the Canadian dollar has gone from 1.06 to 1.16 (or 0.94 to 0.86 depending on which way you look at it). I am guessing that they will do so which is the reason the OP started this thread. FYI - by my quick calculation the current implied FX rate is 1.10 as the P60 is posted at $71.1k in the US and $77.8k in Canada. The P85D is $104.5 vs $114.7.
So once you build your car in the design studio the price is locked in? What if I build the car using design studio now but don't want to take possession of the car until April? Will they hold the price for that long?
On the topic of Tesla's prices in Canada: hopefully in a couple of years with the "Gigafactory" coming on line, the Model S will no longer be considered a foreign car and thus subject to 6% duty (if I understand that correctly - I can't find the reference online right away). That should drop the price significantly.
(Currently the battery cells are made in Japan.)
Import Duty is only applicable to non-NAFTA vehicles and is calculated at 6.1%. NAFTA cars are vehicles that have been manufactured or have been assembled in Canada, the US or Mexico with a minimum of 55% content. A NAFTA vehicle is exempt of ANY tariffs, duties or taxes when sold in Canada, the US or Mexico.
On the topic of Tesla's prices in Canada: hopefully in a couple of years with the "Gigafactory" coming on line, the Model S will no longer be considered a foreign car and thus subject to 6% duty (if I understand that correctly - I can't find the reference online right away). That should drop the price significantly
So should taking advantage of Canada's exchange rate. Tesla's next GIGA should BE in CANADA...