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How Much Does a Tesla Model X Cost?

How Much Does a Tesla Model X Cost?

The Tesla Model X is the automaker’s flagship all-electric SUV, combining seating for up to seven adults, blistering performance, impressive driving range, and a bevy of luxury amenities. As Tesla’s largest vehicle offering, the Model X represents the pinnacle of the company’s engineering prowess and technological innovation.

At its core, the Model X is a premium mid-size SUV with three rows of seating. However, it distinguishes itself with its fully-electric powertrain and an array of futuristic features. The signature Falcon Wing doors provide unparalleled ease of entry and exit, while the panoramic windshield extends up and over the front-row occupants for an immersive driving experience.

Performance is a hallmark of the Model X, with even the base dual-motor configuration delivering breathtaking acceleration from 0 to 100 km/h in just 3.8 seconds. The range-topping Tri-Motor Plaid variant is an outright performance beast, scorching from 0-100 km/h in a supercar-shaming 2.6 seconds thanks to its 1,020 horsepower output. Despite this prodigious power, the Model X’s all-electric powertrain offers whisper-quiet operation and zero direct emissions.

Driving range is equally impressive, with the Long Range variant capable of up to 560 km on a single charge according to Tesla’s estimates. Complementing this range is access to Tesla’s extensive Supercharger network, allowing Model X owners to rapidly recharge on long road trips. Inside, the cabin of the Model X is a showcase of sustainable luxury, with premium vegan materials, a massive 17-inch touchscreen interface, and seating for up to seven.

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Tesla Model X Base Price in Canada

The 2024 Tesla Model X Long Range AWD has a starting Manufacturer’s Suggested Retail Price (MSRP) of $107,990 in Canada before any incentives or potential savings. This makes the Model X one of the most premium offerings in Tesla’s electric vehicle lineup for the Canadian market.

For that $107,990 base price, buyers get a high-performance dual-motor AWD system generating 670 horsepower and 713 lb-ft of torque. The Long Range model can accelerate from 0-100 km/h in just 3.8 seconds while still delivering an estimated driving range of 580 kilometers on a full battery charge.

Standard features on the base 2024 Model X include Tesla’s advanced Autopilot driver assistance technology, a 17-inch touchscreen display, a panoramic glass roof, smart air suspension, and seating for up to 5 adults. The premium electric SUV also boasts an impressive towing capacity of up to 5,512 lbs (2,500 kg).


Pricing for Model X Higher Trims

While the base Model X starts at a lofty $107,990 CAD, Tesla offers higher-performance variants for those seeking even more exhilarating acceleration and capabilities. The range-topping Model X Plaid commands a significant premium, with a starting price of $130,990 before any applicable incentives.

For that extra $23,000, the Plaid trim swaps out the dual-motor powertrain for a tri-motor setup that rockets the Model X to 60 mph in a mind-boggling 2.5 seconds. With 1,020 horsepower on tap, the Plaid is the highest performing SUV on the market. Top speed is raised to 163 mph compared to 155 mph for the standard Model X.

Despite its staggering straight-line performance, the Plaid’s range takes a hit versus the Long Range model. EPA estimates peg its driving range at 555 km, compared to 580 km for the more affordable trim. However, both variants utilize the same 100 kWh battery pack.

Beyond the powertrain upgrades, the Plaid receives visual enhancements like unique 22-inch turbine wheels, a carbon fiber spoiler, and optional carbon fiber interior accents. Adaptive air suspension is standard across the Model X lineup, helping deliver a comfortable yet composed ride.


How Model X Pricing Compares to ICE Rivals

The Tesla Model X’s pricing may seem steep at first glance, but it’s actually quite competitive when you consider its gas-powered luxury SUV rivals. The base Model X Long Range starts at $107,990 in Canada, which is more expensive than entry-level versions of the BMW X5, Mercedes-Benz GLE, and Audi Q7. However, those German luxury SUVs are powered by six-cylinder engines, while the Model X packs the performance of a V8 from its dual electric motors.

When you start to look at the higher trim levels of those internal combustion engine (ICE) SUVs, the Model X’s value proposition becomes clearer. A V8-powered BMW X5 M50i starts at over $110,000, while the Mercedes-AMG GLE 63 S and Audi RS Q8 both crest $130,000. The top-spec Model X Plaid, with its blistering 1,020 horsepower output, actually undercuts those high-performance luxury SUV models while delivering even quicker acceleration.

Moreover, the Tesla Model X boasts far more cutting-edge technology and luxury features as standard equipment compared to the base trims of its gas rivals. The massive panoramic windshield, self-presenting front doors, and sophisticated driver assistance tech are just a few of the unique features that help offset the Model X’s premium pricing against other luxury SUVs. And of course, there are the long-term cost savings of going electric to factor in as well.


How Model X Pricing Compares to Other EVs

When stacked up against other premium electric SUVs on the market, the Tesla Model X holds its own from a pricing perspective. The base Model X Long Range’s $107,990 MSRP undercuts rivals like the 2023 Rivian R1S ($92,000 USD), the 2023 Audi e-tron ($77,490 CAD), and the upcoming 2024 Lucid Gravity (expected $90k+ USD).

While the Rivian R1S gets you more off-road capability and an ultra-modern cabin and tech suite, it can’t match the Model X’s blistering acceleration, larger passenger capacity, or access to Tesla’s vast Supercharger network. The Audi e-tron comes in at a lower base price but lacks the performance and range to compete with even the base Model X.

Perhaps the Model X’s biggest threat will be the production version of the Lucid Gravity electric SUV. Based on initial specs and pricing estimates, the Gravity could offer similar performance and range to the Model X Plaid at a lower cost. However, Lucid’s charging infrastructure remains a major question mark compared to Tesla’s expansive Supercharger coverage across North America.

For buyers seeking the ultimate in electric SUV performance and capabilities, the $130,990 Model X Plaid stands alone in its segment for now. Its tri-motor powertrain enables a mind-boggling 0-60 mph time of just 2.5 seconds, along with a 555 km driving range. Unless you’re willing to spend well into six-figure territory on ultra-luxury EV SUVs from Lucid, Mercedes, or BMW, the Model X Plaid reigns supreme for unrivaled straight-line speed.


Federal ZEV Incentive on Tesla Model X

One significant factor that can reduce the cost of a Tesla Model X in Canada is the federal government’s iZEV incentive program. This nationwide rebate provides up to $5,000 off the purchase or lease price of qualifying zero-emission vehicles (ZEVs), including both battery-electric and hydrogen fuel cell models.

The Model X qualifies for the full $5,000 iZEV rebate across all trim levels and versions. To be eligible, the vehicle’s base MSRP must be less than $55,000 for a car or $60,000 for an SUV, van, or truck. While the base Model X Long Range exceeds this threshold at $107,990, Tesla and certain other manufacturers were granted a temporary exemption allowing their vehicles to qualify for the incentive despite higher MSRPs.

To claim the $5,000 iZEV rebate on a Model X purchase, buyers must be individuals rather than businesses or public sector entities. The rebate amount is automatically deducted from the final negotiated price at the point of sale by Tesla and its delivery centers across Canada. No additional paperwork is required from buyers to receive this federal incentive.

It’s important to note that the iZEV program has limited funding, so the incentive amounts and eligibility rules could potentially change in the future. However, for now the full $5,000 rebate remains available to make the premium Tesla Model X more affordable for many Canadian consumers seeking a high-end electric SUV.


Provincial EV Incentives on Model X

In addition to the federal iZEV incentive, several Canadian provinces offer their own rebates and credits to make EVs like the Tesla Model X more affordable. These provincial incentives can stack on top of the national rebate, significantly reducing the net purchase price.

The two most generous provincial programs are in British Columbia and Quebec. Residents of BC can qualify for an incentive of up to $4,000 on a base Model X or $8,000 on higher trims like the Plaid. Quebec offers a flat $8,000 rebate on all Model X configurations.

Ontario previously had an EV rebate program but it was cancelled in 2018. However, the province does exempt full EVs from paying the 8% provincial sales tax, which provides additional savings when purchasing a Model X.

Some other provinces provide more modest incentives on EVs. In Nova Scotia, there is a $3,000 rebate available. Prince Edward Island offers a point-of-sale tax rebate up to $5,000. And Yukon has a $5,000 rebate as well.

To take full advantage, Canadian buyers should explore all the federal and provincial credits available in their region. For many, these incentives can knock $10,000 or more off the sticker price of a new Tesla Model X.


Model X Charging Installation Rebates

Beyond the initial purchase price and government incentives, there are additional rebates available to Tesla Model X owners for installing a Level 2 home charging station. These rebates can further reduce the overall cost of ownership by enabling more convenient and cost-effective charging.

In Ontario, the Electric Vehicle Charger Ontario (EVCO) program provides rebates of up to $1,000 for the purchase and installation of a Level 2 (240V) charging station. For Model X owners in Quebec, the Roulez vert program offers rebates of up to $600 towards a Level 2 home charger.

British Columbia has one of the most generous EV charging rebates through the CleanBC Go Electric program. Model X drivers can receive rebates covering 75% of the purchase and installation costs for a Level 2 charger, up to $4,000. This significant rebate makes installing a home charging setup much more affordable.

By taking advantage of these charging station incentives, Model X owners can enable faster, more convenient charging at home while also reducing their long-term charging costs compared to frequently relying on public charging networks. The rebates help offset the upfront investment in a Level 2 charger, maximizing electric driving efficiency and cost savings.


Financing and Leasing a Tesla Model X

While the upfront costs of the Tesla Model X can be steep, there are financing and leasing options available to help make this premium electric SUV more accessible for Canadian buyers. Tesla offers in-house financing through third-party lenders, allowing you to spread the payments over a multi-year loan term.

Currently, Tesla’s financing partners in Canada include major banks and lenders like RBC, Scotiabank, TD, and BMO. Interest rates and loan terms will vary based on your credit profile, but Tesla financing allows you to secure a Model X with as little as $7,500 down in some cases. You can estimate your monthly payments using Tesla’s online calculator.

For those who prefer leasing, Tesla has lease programs available through its financing partners. Typical lease terms range from 24 to 48 months, with the option to purchase the vehicle at the end of the lease term. Tesla lease rates in Canada tend to be competitive with other luxury brands, though down payments are often higher due to the vehicles’ premium pricing.

Third-party leasing companies and banks also offer Tesla leasing programs in Canada. It’s wise to shop around and compare quotes, as lease rates can vary significantly between lenders. Don’t forget to factor in the cost of higher insurance premiums when budgeting for your Tesla lease.

Whether you finance or lease, taking advantage of federal and provincial EV incentives can help reduce your net costs on a new Tesla Model X. Many lenders will deduct these incentives from the vehicle’s selling price before calculating your monthly payments.


Cost of Entry: Used Tesla Model X Prices

For buyers looking to get into a Tesla Model X at a lower cost, the used and certified pre-owned (CPO) market offers some compelling options. While still not cheap, a pre-owned Model X can provide significant savings over purchasing a brand new model.

On auto shopping sites like AutoTrader and CarGurus, used Tesla Model X prices in Canada typically range from around $70,000 to over $120,000. The specific price depends on factors like the model year, trim level, mileage, condition, and location. Generally, older Model X models with higher mileage can be found in the $70,000 to $90,000 range, while lower mileage, newer examples push into the six figures.

Tesla’s CPO program provides an added layer of confidence, as these vehicles must pass a rigorous 200+ point inspection and reconditioning process. CPO Model X prices tend to start around $85,000 for older, higher mileage examples, stretching up to $120,000 or more for nearly new, low mileage vehicles. CPO cars also come with extended warranty coverage.

While a used or CPO Model X won’t have the latest tech and features of a brand new model, it provides a way to get into this high-end electric SUV while saving tens of thousands off the new car price. With Tesla’s over-the-air software updates, a pre-owned Model X can continue receiving new feature rollouts. For buyers willing to go the pre-owned route, the Model X becomes much more affordable to own.


Long-Term Cost of Ownership

While the Tesla Model X carries a premium price tag compared to gas-powered luxury SUVs, its long-term ownership costs are significantly lower thanks to fuel and maintenance savings. Over a typical 5-7 year ownership period, these savings can offset much of the higher upfront cost.

Let’s examine fuel costs first. The average midsize luxury SUV gets around 20 mpg combined. At today’s national average gas price of $4.50 per gallon and driving 12,000 miles per year, fuel costs would total around $2,700 annually. Over 5 years, that’s $13,500 in fuel alone. In contrast, the Model X’s electricity consumption is equivalent to just $450-$600 per year depending on local rates. At the higher end, that’s still only $3,000 over 5 years – a massive $10,500 savings versus a gas SUV.

Maintenance costs also heavily favor the Model X. With no engine oil changes, transmission services, or other traditional maintenance items, Tesla estimates the Model X requires just $600-$1,000 per year in basic maintenance like tire rotations, brake pad replacement, and other wear items. Gas SUVs can easily cost $1,500 or more per year in maintenance when factoring in all the additional services required. Over 5 years, the Model X saves around $4,000-$5,000 in maintenance costs.

Combining the fuel and maintenance savings, a Model X owner can expect to save $14,500-$15,500 over 5 years versus a comparable gas SUV. These savings go a long way toward offsetting the higher purchase price. Over a longer 7-year ownership, total savings climb to around $20,000-$22,000. This significantly narrows the gap in total cost of ownership between the Model X and gas SUV alternatives.


Finding the Best Model X Pricing

With the Tesla Model X’s premium pricing, it’s wise to explore every avenue to maximize savings and incentives. Here are some tips for finding the best deal on this high-end electric SUV:


First, research all available federal and provincial rebates thoroughly. While the $5,000 federal iZEV credit applies across Canada, provincial incentives vary. Quebec offers up to $8,000, while BC’s rebate maxes out at $4,000. Ensure you qualify and apply for every possible credit.

Next, watch for periodic cash incentives directly from Tesla. The automaker occasionally offers limited-time discounts or bonuses like free Supercharging to move inventory. Check Tesla’s website frequently and consider joining owner forums to get the latest promotions.

When it comes to negotiating, Tesla’s no-haggle pricing leaves little room at the dealership level. However, there may be opportunities to reduce your net cost through smart timing. Buying at the end of a quarter or year could make salespeople more motivated to cut a slightly better deal. Being flexible on color, wheel, and other options may yield savings as well.

Finally, don’t overlook the used and certified pre-owned Tesla market. You can potentially save tens of thousands by purchasing a low-mileage Model X. Just be sure to account for any remaining battery degradation and have the vehicle thoroughly inspected before purchase.


Expected Future Pricing and Updates

While the current Model X is an impressive vehicle, Tesla is constantly working to improve and evolve their lineup. Speculation abounds about what future updates and redesigns may be in store for the Model X.

Some industry analysts expect Tesla to adjust Model X pricing more aggressively in the coming years as competition in the electric SUV space intensifies. Price cuts could help maintain the Model X’s appeal against newer rivals like the Rivian R1S, Lucid Gravity, and others on the horizon. Potential price reductions of 10-15% wouldn’t be surprising to counter the arrival of these challengers.

On the flip side, a next-generation Model X redesign could see pricing increase, at least initially. Tesla may look to pack the next Model X with even more cutting-edge tech, larger battery packs for longer range, and advanced autonomous driving capabilities. These upgrades come at a cost, so the base price could push closer to $120,000 or higher when a fully redesigned Model X arrives.

Most experts anticipate an all-new Model X by 2026 at the latest, following the typical 7-8 year auto industry lifecycle. Tesla may stagger the rollout with a higher-end tri-motor variant launching first, followed by lower-priced dual-motor versions 6-12 months later. This could create a wider pricing span for the nameplate, perhaps ranging from $100,000 to $150,000+ for a loaded Plaid model.

Some rumored updates for the next Model X include a more aerodynamic “cyber” styling inspired by the Cybertruck, a higher-density structural battery pack increasing range to 600+ miles, and autonomous driving tech closer to Level 4 or 5 capabilities. These advancements likely mean higher pricing initially, but could pay off for early adopters down the road.


Model X Real-World Ownership Costs

While the sticker price of the Tesla Model X is undoubtedly high, it’s important to consider the real-world costs of ownership beyond the initial purchase. Many Model X owners have shared insights into the ongoing expenses associated with this luxury electric SUV.

One significant recurring cost is tires. The Model X’s large 20-22 inch wheel and tire packages can be quite expensive to replace, with owners reporting costs ranging from $1,500 to over $3,000 for a new set of four tires from Tesla. Opting for third-party tires can reduce this expense somewhat. Tire life seems to vary greatly based on driving style and conditions, with some owners replacing tires annually and others getting 30,000 miles or more out of a set.

Tesla offers periodic over-the-air software updates that can add new features and capabilities to the Model X. While many updates are free, Tesla has charged owners for more substantial upgrades like the Enhanced Autopilot and Full Self-Driving (FSD) packages which can cost thousands of dollars. Prices and package details tend to change over time.

Repair costs are another factor. While Tesla’s simple electric drivetrain has fewer moving parts than a conventional vehicle, repairs involving the battery pack, motors, or high-voltage systems can be extremely expensive. Reports of negotiated repair costs for a failed drive unit or battery replacement range from $10,000 to over $20,000 in some cases. However, many owners have reported several years of ownership with only minimal repair needs.


Is the Tesla Model X Worth the Cost?

With pricing starting over $100,000 even after incentives, the Tesla Model X commands a hefty premium over gas-powered luxury SUV rivals like the BMW X5, Mercedes GLE, and Audi Q7. However, the Model X offers a truly unique combination of performance, efficiency, utility, and cutting-edge technology that helps justify its lofty price tag.

In terms of sheer acceleration and driving exhilaration, the Model X simply blows away its gas competitors. Even the base Dual Motor model can rocket from 0-60 mph in just 3.8 seconds, while the mind-bending Plaid variant needs only 2.5 seconds to hit 60 mph from a standstill. No internal combustion engine can match that kind of thrust. Factor in the eerily quiet yet powerful operation of the Model X’s electric motors, and it delivers a driving experience that no gas SUV can replicate.

Beyond straight-line speed, the Model X shines with crisp handling, precise steering, and a low center of gravity that belies its tall ride height. The adaptive air suspension provides a comfortable yet composed ride, while still allowing for impressive towing capacity. And of course, you can’t put a price on the environmental benefits of driving an emissions-free EV.

Inside, the Model X surrounds you with a luxurious, modern cabin filled with premium materials and the latest tech. The massive 17-inch touchscreen controls most vehicle functions through Tesla’s slick, easy-to-use interface. Over-the-air software updates also ensure your Model X keeps getting new features and enhancements over time. And for families, nothing beats the versatility of the Model X’s spacious three-row seating and clever folding second row.

Perhaps the Model X’s biggest perk is access to Tesla’s vast Supercharger network. Being able to rapidly recharge for free on road trips using Tesla’s ever-expanding charging infrastructure adds immense practicality and peace of mind. Factoring in low operating costs from affordable electricity and minimal maintenance needs, the Model X’s high entry price becomes easier to justify over time.

While undeniably expensive, the Tesla Model X makes a compelling case for itself as the ultimate premium EV SUV. With future-proof tech, blistering performance, and unmatched charging convenience, the Model X makes a worthwhile splurge for those who can afford its high sticker price.

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Questions About Tesla Model X SUV Pricing

The Tesla Model X SUV starts at $107,990 CAD for the base Long Range model in Canada. The top Plaid model has an MSRP of $130,990 CAD. Additional options, fees, taxes, and incentives can affect the final price.

Used Tesla Model X prices in Canada typically range from around $50,000 CAD for earlier models from 2016-2017 with over 100,000 km, up to around $90,000 CAD for a 2019 model with average mileage. High mileage vehicles can be found for under $40,000 CAD.

Yes, in October 2022 Tesla cut prices on the Long Range Model X by $7,000 CAD in Canada, bringing the base price down to $107,990. However, they increased the top Plaid model by $8,000 up to $130,990 CAD.

The federal government offers up to $5,000 off for electric vehicles through its iZEV program. Many provinces also have additional rebates, such as $8,000 in Quebec and $3,000 in British Columbia. Tesla vehicles ordered before September 2022 may still qualify for old provincial incentives too.

Tesla Canada estimates a monthly payment of around $1,714 CAD for leasing a base Long Range 2024 Model X over 48 months. Higher trims and additional options would increase the payment. Down payment and taxes also impact the monthly cost.

The Tesla Model X seats 5 passengers standard in the second row bench. A 6-seat layout with second row captain’s chairs is available as a no-cost option. With both rows folded down, the Model X provides over 2,800 litres of storage capacity.

With a 3,500 pound tow rating in North America, the Tesla Model X has the highest towing capacity of any electric SUV. This matches or beats many gas-powered luxury SUVs like the Audi Q7, BMW X5, and Mercedes GLE.

The 2024 Tesla Model X Long Range in Canada is officially rated at 565 km by Transport Canada’s testing. Real-world driving range will vary based on conditions, but over 500 km is achievable for most drivers.

According to Tesla, the Model X Plaid can accelerate from 0-100 km/h (0-60 mph) in just 2.6 seconds with 1,020 horsepower. The top speed is limited to 262 km/h (163 mph). This makes it the quickest accelerating and fastest electric SUV available.

All new Model X vehicles come standard with Tesla Autopilot, which provides assisted steering, braking, lane changes and adaptive cruise control. The Full Self-Driving Capability package adds more advanced features like autonomous driving and parking for $8,400 CAD.

Yes. Canadian businesses can write off up to $55,000 off the purchase price of a zero-emission electric vehicle like the Tesla Model X for tax purposes thanks to the Accelerated Investment Incentive implemented in 2019.

With available features like ventilated massaging front seats, a panoramic windshield, HEPA air filtration, a 22-speaker sound system, rear seat screens and more, reviewers often consider the Model X the most technologically advanced and luxurious electric SUV.

Insurance costs can vary significantly based on individual factors, but according to Kanetix quotes the average annual insurance range for a Model X in Canada is $2,500 – $4,500 per year. High-value or performance trims may cost more to insure.

The Tesla Model X provides 2,820 litres (99.8 cubic feet) of total enclosed cargo space with both the second and third row seats fully folded down according to Tesla’s official specifications. There is also a front trunk for additional storage.

Charging costs for a Model X in Canada vary greatly based on electricity rates, public charging versus home charging, and charging speed. Tesla estimates a full charge at home costs around $18 CAD. Public fast charging for a longer trip may cost $30-50+ CAD.

The standard all-wheel-drive system provides excellent traction and control in snow and ice. With peak torque available instantly, most Canadian drivers report the Model X performs very well in winter conditions, even without winter tires. Heated seats, steering wheel and wipers help too.

The 4-year, 80,000 km battery and drive unit warranty provides good coverage compared to most luxury vehicles. Tesla also includes an 8-year infinite mile warranty for the battery that guarantees at least 70% retention of the original capacity too.

No, Tesla does not currently offer prepaid maintenance plans in Canada. However, electric vehicles typically require less routine maintenance than gas vehicles. An annual tire rotation and cabin air filter replacement is recommended, costing around $150-200 CAD.

Independent surveys like Consumer Reports rate reliability as average to below average, but improving annually. Most issues reported are minor software problems that can often be fixed quickly via over-the-air updates. The drive unit has proven very reliable long term.

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