dchuck
Member
Hi Pieter, Your missing the most obvious advantage you have. As a resident of Ontario you already get an 13k rebate. Your car is dirt cheap in comparison to us poor saps out west. see
for a nice concise list of the rebates in Canada.
Even using your worst case scenario your already back to the US price: $49k - $13k = $36k
As a hedge I purchased Tesla stock in my Online trading account. That way when i sell in US dollars the conversion doesn't hurt me as much. Plus if Tesla is successful and it goes up to $500 a share (good luck) i may even be able to afford a couple of options on the car instead of a base model.
I plan to spend no more than $50k on the Model 3. If i have to I will subtract options to make it fit that number. If i cannot get to that number at the base price i will simply move on to some other vehicle.
The car itself might get cheaper. Right now all the batteries used by Tesla come from Japan so Canada adds a 6.1% duty on each car because less than 55% is made in Canada/US/Mexico. With the Gigafactory now producing batteries Tesla should be able to apply to have that duty waived. Part of the $20k difference in the cost of the Model S/X in Canada vs the US is that duty.
The bad news is the import duty may not be lifted before your Model 3 becomes available, that or Mr Trump with his stance on NAFTA may put a monkey wrench in the works.
As others have said we may be waiting until Q1 2018 to get our Model 3's by then who knows what the exchange rate will be. You could pay as little as $22 for your Model 3 (exchange at par with the 13k rebate)
Even using your worst case scenario your already back to the US price: $49k - $13k = $36k
As a hedge I purchased Tesla stock in my Online trading account. That way when i sell in US dollars the conversion doesn't hurt me as much. Plus if Tesla is successful and it goes up to $500 a share (good luck) i may even be able to afford a couple of options on the car instead of a base model.
I plan to spend no more than $50k on the Model 3. If i have to I will subtract options to make it fit that number. If i cannot get to that number at the base price i will simply move on to some other vehicle.
The car itself might get cheaper. Right now all the batteries used by Tesla come from Japan so Canada adds a 6.1% duty on each car because less than 55% is made in Canada/US/Mexico. With the Gigafactory now producing batteries Tesla should be able to apply to have that duty waived. Part of the $20k difference in the cost of the Model S/X in Canada vs the US is that duty.
The bad news is the import duty may not be lifted before your Model 3 becomes available, that or Mr Trump with his stance on NAFTA may put a monkey wrench in the works.
As others have said we may be waiting until Q1 2018 to get our Model 3's by then who knows what the exchange rate will be. You could pay as little as $22 for your Model 3 (exchange at par with the 13k rebate)