Tesla readies export of Model Y to Canada from China

Tesla’s website says Canadian customers can take delivery of new Model Y between May and July

Tesla has begun producing in Shanghai a version of the Model Y to be sold in Canada this year, the first time it will ship cars to North America from China, according to a person with direct knowledge of the plan and a production memo seen by Reuters.

Tesla’s website showed that customers in Canada could take delivery of the new version of the Model Y between May and July. Musk told analysts last week that Tesla’s Shanghai plant had the “lowest cost structure” of any of its factories.Canada’s transport agency’s EV incentive program mandates that a base model for an SUV has to be under C$60,000 to qualify for the subsidy of up to C$5,000. Higher cost variants are then also eligible at a price of up to C$70,000.

At its factories in Texas and California, Tesla has been rolling out a more powerful battery configuration known as 4680. Tesla has cut U.S. prices on Model Y variants three times since the start of the year, part of a discounting strategy to drive volume that sliced into its first quarter margin and touched off a price war on EVs.

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