Tesla Hikes Model X Prices Again—What This Means for Buyers
Tesla has once again increased the price of its flagship SUV, the Model X, in both Canada and the United States. This price adjustment is particularly significant for U.S. buyers, as the Model X now exceeds the $80,000 threshold required to qualify for the federal EV tax credit.
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Let’s break it down. In Canada, the price of both Model X variants has gone up by C$7,000 . This means the standard All-Wheel Drive (AWD) version now starts at C$121,990 , while the high-performance Plaid model sits at C$142,990 . What makes this even more notable is that this is the second price increase in less than a week . On February 1st, Tesla already raised the price of the Model X by C$4,000 , making the total increase a hefty C$11,000 in just a few days. Meanwhile, the price of the Model S remains unchanged, at least for now.
In the U.S., both trims of the Model X have also seen a US$5,000 hike. The Long Range (AWD) model now starts at US$84,990 , and the Plaid variant jumps to US$99,990 . But here’s where it stings for American buyers—the AWD model no longer qualifies for the $7,500 federal EV tax credit . Since the tax incentive applies only to SUVs priced below $80,000 , this change effectively makes the Model X even more expensive than just the listed increase.
So, what’s behind Tesla’s frequent price hikes? While the company has been known for adjusting prices regularly, this latest increase could be a response to higher production costs, supply chain challenges, or even an effort to boost profit margins. Tesla has also been rolling out various financing and discount programs on other models, such as the Model 3, which could be a strategy to balance demand across their lineup.
If you’re considering buying a Model X, this might make the decision a little tougher. With rising costs and fewer incentives, potential buyers may start looking at alternatives or even consider pre-owned options. Either way, Tesla’s pricing strategy continues to keep everyone on their toes.
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