The Dreaded Exchange Rate (CAD/USD)

[sitter_k]

Thanks! Ah, I didn't know about the duty due to the overseas battery mentioned above. Aren't all of their batteries being made at the Gigafactory now, in which case shouldn't all of their cars save on the import tax? Something else to be updated perhaps...

I believe model s and x still use imported battery components due to existing contracts.

 

[zenmaster]

I know BMW and Honda cars are priced around 5% lower compared to same car bought in the US. Apparently, this is a regional price adjustment done at discretion of the manufacturer.

 

[S'toon]

Thanks! Ah, I didn't know about the duty due to the overseas battery mentioned above. Aren't all of their batteries being made at the Gigafactory now, in which case shouldn't all of their cars save on the import tax? Something else to be updated perhaps...

No, the batteries being made in the Gigafactory now are the battery format for the Model 3 and Powerwall 2.

Keep in mind, the Gigafactory is only approximately 30% complete right now.

 

[03DSG]

Thanks! Ah, I didn't know about the duty due to the overseas battery mentioned above. Aren't all of their batteries being made at the Gigafactory now, in which case shouldn't all of their cars save on the import tax? Something else to be updated perhaps...

No so far the Gigafactory is only producing 2170 batteries for Powerwall and Model 3. Even they are different from each other.

Sorry! Didn't see above post!

 

[Ski Krazy]

No, the batteries being made in the Gigafactory now are the battery format for the Model 3 and Powerwall 2.

Keep in mind, the Gigafactory is only approximately 30% complete right now.

No so far the Gigafactory is only producing 2170 batteries for Powerwall and Model 3. Even they are different from each other.

Sorry! Didn't see above post!

Didn't know that either. Thanks for the info!

 

[sitter_k]

Many analyst see the cdn dollar moving up on the USD! Hopefully there's enough catch up in time for our model 3 orders.

 

[03DSG]

Many analyst see the cdn dollar moving up on the USD! Hopefully there's enough catch up in time for our model 3 orders.

Considering that financial analysts were projecting a .62 cent cdn dollar 6 months ago we are now very fortunate!

 

[sandpiper]

Many analyst see the cdn dollar moving up on the USD! Hopefully there's enough catch up in time for our model 3 orders.

No, no, no, no.... we don't want this. The CDN manufacturing industry can't handle an over-valued dollar. It does no good to have cheap cars, if we have no jobs. 80 cents is fine. And stay there, please.

 

[internalaudit]

How often does Tesla Canada make price adjustments? Hopefully they won't be using a weaker exchange rate than the S or X by virtue of them being tougher sells because of the higher sticker prices.

 

[sitter_k]

No, no, no, no.... we don't want this. The CDN manufacturing industry can't handle an over-valued dollar. It does no good to have cheap cars, if we have no jobs. 80 cents is fine. And stay there, please.

Yeah, I'm starting to sound like the people cheering for the Wynn libs to get their rebate...

 

[mazeminder]

How often does Tesla Canada make price adjustments? Hopefully they won't be using a weaker exchange rate than the S or X by virtue of them being tougher sells because of the higher sticker prices.

I'm curious about this as well. Anyone know how long Tesla typically takes to adjust prices based on changing exchange rates?

 

[JeffK]

I'm curious about this as well. Anyone know how long Tesla typically takes to adjust prices based on changing exchange rates?

Sometimes quite a while but they are trying to get better about it because they were losing money last year due to exchange rates.

 

[mazeminder]

FYI: it looks like the Canadian prices have been adjusted to be closer to the current exchange rate. Looks like a good time to start thinking about ordering a Tesla if you were waiting. As of now, looks like a 1.29 exchange rate.

 

[Bull.bell]

I placed the order in Feb, 2017. I'll probably get my AWD car next Aug or Sept. Hope the rebate would still be there, otherwise I have to cancel the order.

 

[Ski Krazy]

Please tell me orders that have recently been placed but not yet produced will reflect this price reduction. Oh pretty please.

 

[Doug_G]

I believe model s and x still use imported battery components due to existing contracts.

More because they're actually different batteries. Their internal structure and chemistry is similar, but the Model 3 batteries are physically larger and aren't compatible with the current design of the S packs. Gigafactory is only making the new format.

Elon also mentioned that the new format is designed to be cheaper, not for higher power delivery. It sounds like switching the S to the new format would not only lower cost, but also lower performance.

 

[03DSG]

On the Canadian site the price of the S 75D has fallen from 101,750 to 96,650 a 5,100 dollar drop. This represents a price drop of 5.0% CDN. The CDN/USD price difference difference on the base S 75D before the currency adjustment was 36.6%. It is now 29.7%. A reduction of 6.9%.

The CDN option pricing is down as well:

Paint -100 / 4.75%
Sunroof -200 / 7.1%
Next Gen -400 / 8.5%
EAP -500 / 7.0%
FSD -300 / 7.0%
Premiun -500 / 7.0%

 

[Ski Krazy]

On the Canadian site the price of the S 75D has fallen from 101,750 to 96,650 a 5,100 dollar drop. This represents a price drop of 5.0% CDN. The CDN/USD price difference difference on the base S 75D before the currency adjustment was 36.6%. It is now 29.7%. A reduction of 6.9%.

The CDN option pricing is down as well:

Paint -100 / 4.75%
Sunroof -200 / 7.1%
Next Gen -400 / 8.5%
EAP -500 / 7.0%
FSD -300 / 7.0%
Premiun -500 / 7.0%

Nice number rundown! I ordered an X 100D with options and this should save me a little over $7K. Just waiting to hear back from my OA to confirm the price will be adjusted.

 

[int32_t]

Yes! Glad to see Tesla keeping up with the exchange rate (kind of). Fingers crossed that it'll be even better in late 2018 when I pay for my Model 3. If USD = CAD, I'd go for the uber-range model. Otherwise, base model and a $1k can of paint for me.

 

[Bull.bell]

Yes! Glad to see Tesla keeping up with the exchange rate (kind of). Fingers crossed that it'll be even better in late 2018 when I pay for my Model 3. If USD = CAD, I'd go for the uber-range model. Otherwise, base model and a $1k can of paint for me.

Well, if exchange rate is not that good, I'll go for base model and dual motor which I think is a must for Canadian winter.