Tesla Slashes Cybertruck Prices by $23,000 in Canada
Tesla has dramatically cut prices on the Cybertruck in Canada. Make no mistake, the polarizing electric pickup is still mighty expensive, but it’s a start toward more affordable models.
As a matter of fact, the lineup once again consists of two models, but they’re not Foundation Series editions like the ones Tesla had been offering since the Cybertruck went on sale north of the border last August.
A Drop of $23,000
First, the dual-motor Cybertruck AWD now comes with an MSRP of $114,990 instead of $137,990, which doesn’t include freight, PDI and dealer fees or the applicable taxes such as the federal luxury tax. It’s roughly the same price that customers in the U.S. have to pay ($79,990) when factoring in the current exchange rate.
This model produces a total of 600 horsepower and sprints from 0-100 km/h in 4.3 seconds. It can travel up to 523 km on a full battery charge and tow up to 4,990 kg (11,000 lbs)—not simultaneously, of course. Available Cyber wheels, which limit range to about 505 km, cost an extra $5,000.
Other options include a White interior at $3,000 and so-called Full Self-Driving (Supervised) technology at $11,000, not to mention various accessories as well as the Powershare Home Backup bundle ($3,500) that can use the Cybertruck to power your home off-grid for up to three days.
Cheaper Beast
Meanwhile, the tri-motor Cyberbeast no longer starts at $165,990. Now priced from $142,990, this one generates a combined 845 horsepower and achieves 0-100 km/h acceleration in just 2.7 seconds in Performance Launch mode. Max towing capacity is unchanged at 4,990 kg (11,000 lbs), but range is estimated at 484 km or 515 km depending on the wheels.
What’s more, the interior has a more premium look and feel with suede textile trim, a yacht-style floor and Cyberbeast cabin graphics.
In both cases, customers can take delivery of their Cybertruck as early as this month, according to Tesla Canada’s online configurator.
Price Hikes for Other Tesla Models
In related news, as we reported late last month, Tesla has increased prices on every other model in the lineup beginning February 1.
The Model 3 compact sedan is either $4,000, $8,000 or $9,000 more expensive depending on the trim level, making it far less attractive to EV shoppers all of a sudden. As for the Model Y (except the new 2025 Model Y Launch Series), Model S and Model X, they now sell for an additional $4,000 in every trim level.
Inevitably, these price hikes will affect sales in the coming months, especially with no more $5,000 purchase incentive from the federal government (and a pause of Quebec’s own rebate program).