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Time of India
2 hours ago
- Automotive
- Time of India
Tesla sales crash in Canada's largest province, with sales of these models falling more than 90% in one flat quarter
Tesla's electric vehicle (EV) sales have hit a rough patch, with a dramatic decline not only in Europe but now in Canada, particularly in Québec, during the first quarter of 2025. According to a Business Insider report citing data from Québec's vehicle registration authority, only 524 new Teslas were registered in the province from January to March 2025—a staggering 85% drop from the 5,097 vehicles registered in the final quarter of 2024. Tesla models that have seen biggest fall in sales -- Model Y and Model 3 The Tesla Model Y, the company's best-selling vehicle, saw registrations plummet to just 360 units in the first quarter of 2025, down from 3,274 in the fourth quarter of 2024 -- a decline of nearly 89%. The Model 3, Tesla's most affordable offering, fared even worse, with registrations falling 94% to a mere 96 units from 1,786 in the previous quarter. These figures highlight a significant setback for Tesla in a key Canadian market. While automotive sales often dip at the start of the year, Quebec's numbers reflect a far steeper decline than typical seasonal trends. This downturn mirrors Tesla's struggles in Europe, where sales dropped nearly 50% in April 2025 despite growing overall EV demand, according to Business Insider. The global pattern suggests Tesla may be grappling with broader challenges, including intensified competition from Chinese EV makers like BYD and shifting consumer preferences toward hybrid vehicles. What hurt Tesla -- Rebate freeze, tariffs and ... A major factor in Tesla's Quebec's slump appears to be the Canadian government's sudden suspension of $43 million in federal EV rebates in March 2025. The freeze followed a suspicious surge in Tesla rebate applications, which skyrocketed from 300 to nearly 5,800 per day, prompting a formal review. Business Insider reports that Transport Minister Chrystia Freeland has stated Tesla will remain ineligible for future incentives as long as U.S. President Donald Trump's 25% tariffs on Canadian goods persist, further complicating Tesla's market position. Beyond rebates and tariffs, Tesla faces growing competition in Canada from domestic and international EV manufacturers offering more affordable models. For instance, companies like Rivian and VinFast have introduced competitively priced EVs, while legacy automakers like Toyota and Ford are gaining traction with hybrid options. Tesla's pricing strategy, which has seen multiple cuts in recent years, may also be eroding its brand premium, making it harder to maintain market share in cost-sensitive regions like Québec.
Time of India
13 hours ago
- Automotive
- Time of India
Tesla sales crash in Canada's largest province, with sales of these models falling more than 90% in one flat quarter
Tesla's electric vehicle (EV) sales have hit a rough patch, with a dramatic decline not only in Europe but now in Canada, particularly in Québec, during the first quarter of 2025. According to a Business Insider report citing data from Québec's vehicle registration authority, only 524 new Teslas were registered in the province from January to March 2025—a staggering 85% drop from the 5,097 vehicles registered in the final quarter of 2024. Tesla models that have seen biggest fall in sales -- Model Y and Model 3 The Tesla Model Y, the company's best-selling vehicle, saw registrations plummet to just 360 units in the first quarter of 2025, down from 3,274 in the fourth quarter of 2024 -- a decline of nearly 89%. The Model 3, Tesla's most affordable offering, fared even worse, with registrations falling 94% to a mere 96 units from 1,786 in the previous quarter. These figures highlight a significant setback for Tesla in a key Canadian market. While automotive sales often dip at the start of the year, Quebec's numbers reflect a far steeper decline than typical seasonal trends. This downturn mirrors Tesla's struggles in Europe, where sales dropped nearly 50% in April 2025 despite growing overall EV demand, according to Business Insider. The global pattern suggests Tesla may be grappling with broader challenges, including intensified competition from Chinese EV makers like BYD and shifting consumer preferences toward hybrid vehicles. What hurt Tesla -- Rebate freeze, tariffs and ... A major factor in Tesla's Quebec's slump appears to be the Canadian government's sudden suspension of $43 million in federal EV rebates in March 2025. The freeze followed a suspicious surge in Tesla rebate applications, which skyrocketed from 300 to nearly 5,800 per day, prompting a formal review. Business Insider reports that Transport Minister Chrystia Freeland has stated Tesla will remain ineligible for future incentives as long as U.S. President Donald Trump's 25% tariffs on Canadian goods persist, further complicating Tesla's market position. Beyond rebates and tariffs, Tesla faces growing competition in Canada from domestic and international EV manufacturers offering more affordable models. For instance, companies like Rivian and VinFast have introduced competitively priced EVs, while legacy automakers like Toyota and Ford are gaining traction with hybrid options. Tesla's pricing strategy, which has seen multiple cuts in recent years, may also be eroding its brand premium, making it harder to maintain market share in cost-sensitive regions like Québec. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
19 hours ago
- Automotive
- Time of India
After Europe, now Tesla's sales crash in Canada's Quebec, Elon Musk's company sold only 524 cars in 3 months
Tesla's bumpy ride is no longer just in Europe, the EV maker now has a steep sales decline in Canada, in the province of Québec, in the first quarter of 2025, as per a report. Tesla Model Y and Model 3 Take the Hardest Hit in Québec Just 524 new Teslas were registered in Québec during the first three months of 2025, as per data from the vehicle registration authority in Québec, reported Business Insider. That's a huge drop from the 5,097 vehicles registered in the final three months of 2024 alone, a decline of more than 85%, according to the report. Tesla's top-selling Model Y suffered the worst blow as its sales fell to a mere 360 units from 3,274 units in the final quarter of 2024, as per Business Insider. During the same period, the Model 3, Tesla's lowest-priced car, also fell even more dramatically by 94% to just 96 registrations from 1,786, according to the report. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Why Seniors Are Snapping Up This TV Box, We Explain! Techno Mag Learn More Undo ALSO READ: Jensen Huang on edge: After DeepSeek, Chinese chipmakers may threaten Nvidia's dominance Seasonal Dip or Sign of Something Bigger? While car sales historically are lower in the beginning of the year, this type of dip is much greater than is normal, and it occurs as Tesla deals with the same issue overseas, including in Europe, where its sales declined by nearly 50% in April, even as demand for electric cars overall rose, as per Business Insider. Live Events Rebate Freeze May Be Fueling the Drop One of the reasons for Tesla's woes in Canada could be an unexpected shutdown of federal EV rebates, because in March, the Canadian government suspended $43 million in rebates, and each individual claim is now under review, reported Business Insider. ALSO READ: Tesla gets a big shoutout from Jensen Huang, says this Elon Musk product is the next trillion-dollar industry The freeze came after a sudden spike in Tesla rebate requests, doubling from 300 to almost 5,800 per day, that led the government to conduct a formal review, according to the report. Canada's Transport Minister Chrystia Freeland had mentioned that the EV maker would remain ineligible for future incentives as long as US president Donald Trump's 25% tariffs on Canadian goods are in place, reported Business Insider. FAQs Is Tesla struggling only in Canada? No, Tesla is also seeing steep sales drops in Europe, even though demand for EVs continues to grow there. Why did Canadian Tesla sales fall so much? One big reason is a federal rebate freeze, which halted $43 million in EV incentives.
Yahoo
a day ago
- Automotive
- Yahoo
The Estimated Annual Maintenance Cost of 5 Tesla Models
Tesla vehicles are celebrated for cutting-edge technology and reduced upkeep compared with gas-powered cars, but maintenance remains essential. Owners avoid oil changes and spark plug replacements thanks to electric drivetrains, yet tires, brakes and filters still need attention. Annual costs vary by model, with factors like driving habits and climate influencing long-term expenses. Read Next: Learn More: Here's a breakdown of the estimated maintenance fees for five Tesla models, using data from industry reports and owner experiences. Understanding these figures can help potential buyers budget wisely and avoid surprises, ensuring their electric vehicle (EV) remains cost-effective over time. The Tesla Model Y is one of the brand's most popular SUVs, offering a blend of versatility and efficiency. According to CarEdge, over the first 10 years, owners can expect to spend about $3,994 on maintenance and repairs, which averages to roughly $400 per year. It reported that the cost is even lower in the first five years, totaling about $1,395, or approximately $279 per year. These costs are well below the luxury SUV segment average, thanks to the Model Y's simple electric drivetrain and regenerative braking system. The chance of needing a major repair in the first five years is only about 19%, per CarEdge, making it a reliable choice for families or commuters. Check Out: The Tesla Model 3 is recognized for its affordability and low maintenance requirements compared with other luxury sedans. Over 10 years, the expected maintenance and repair cost is around $3,258, per CarEdge. That comes out to about $326 per year. For the first five years, owners typically pay about $1,183 in total, averaging $237 per year. The Model 3's design eliminates many routine services, but items like tire rotations and brake checks are still recommended. The sedan's 14% major repair risk in the first five years beats rivals like the Audi A4. Overall, it balances affordability and performance for budget-conscious drivers. The Cybertruck's heavy-duty design leads to $536 annual costs over a decade, totaling $5,358. First-year fees hit $315, escalating to $504 by year five, according to a CarEdge report. The Cybertruck's robust build and electric platform help keep costs lower than many traditional trucks in its class. Despite a 22% major repair probability — lower than the Ford F-150 — its electric components offset fuel expenses. Tesla recommended tire rotations every 6,250 miles, annual brake caliper lubrication in winter climates, and HEPA filter replacements every two years or more frequently for off-road driving. The Tesla Model X, known for its advanced features and spacious interior, also offers competitive maintenance costs for a luxury SUV. According to CarEdge, owners spend an estimated $4,848 on maintenance and repairs over the first 10 years, which averages to about $485 per year. For the first five years, the cost is approximately $1,822, or $364 per year. The Model X benefits from Tesla's electric design, which reduces the need for many traditional services. Its 19% major repair risk mirrors the Model Y. Tesla recommended brake fluid tests every four years and annual caliper lubrication in snowy regions. Despite higher upkeep, the Model X appeals to families prioritizing premium features and space. The Tesla Model S is the flagship sedan, offering high performance and advanced technology with relatively modest maintenance costs. CarEdge shows that over 10 years, maintenance and repair expenses total about $3,972, averaging $397 per year. For the first five years, the cost is approximately $1,542, or $308 per year. Owners benefit from the Model S's electric drivetrain and regenerative braking, which help keep routine maintenance needs to a minimum. With a 14% major repair likelihood — lower than Mercedes E-Class — it remains a top choice for luxury sedan buyers. However, insurance costs average $4,756 yearly, impacting overall ownership expenses. More From GOBankingRates 9 Downsizing Tips for the Middle Class To Save on Monthly Expenses I'm a Retired Boomer: 6 Bills I Canceled This Year That Were a Waste of Money This article originally appeared on The Estimated Annual Maintenance Cost of 5 Tesla Models
Yahoo
2 days ago
- Automotive
- Yahoo
Tesla faces collapsing sales in Canada's Québec province, with new registrations tumbling 85%
Tesla sales in Québec plunged 85% in the first quarter, mirroring sharp declines seen in Europe. Canada has frozen $43 million in Tesla EV rebates due to Trump's tariffs and fraud concerns. Musk's DOGE work sparked backlash, boycotts, and dealership vandalism across the US and Europe. Tesla's sales woes have reached Canada. Data from the vehicle registration authority in the province of Québec shows a dramatic decline in Tesla registrations in the first quarter of 2025. Only 524 new Tesla vehicles were registered in Québec between January and March 2025, down over 85% from the 5,097 units logged in the final months of 2024. The company's top-selling Model Y saw the steepest drop in terms of pure numbers, falling from 3,274 units in the final quarter of 2024 to 360 in the first quarter of 2025. The Model 3, Tesla's cheapest car, plunged from 1,786 to just 96 units over the same period, a fall of 94%. While the drop is precipitous, it should be noted that auto sales are generally lower in the first quarter of the year than later in the year. Though confined to one region of Canada, the collapse mirrors similar issues in Europe, where Tesla sales fell by nearly 50% in April despite overall EV demand continuing to grow. In Québec, as in Europe, demand for electric vehicles remains strong, suggesting that Tesla's slump is less about market conditions and more about the brand itself. Several factors appear to be converging. Tesla has been excluded from Canada's federal EV rebate program, with $43 million in rebates frozen and each individual claim now under review. Transport Minister Chrystia Freeland ordered the freeze in March following a last-minute surge in Tesla rebate applications — from 300 a day to nearly 5,800 — which triggered a probe into possible abuse. Freeland also said that Tesla would remain ineligible for future incentives as long as President Donald Trump's 25% tariffs on Canadian goods are in place. In parallel, provinces, including British Columbia, Prince Edward Island, and Manitoba, have removed Tesla from their rebate programs. Tesla's registration drop in Québec also comes amid a broader global backlash, especially in Europe, against CEO Elon Musk, who has endorsed a number of right-wing European political parties, including support for Germany's far-right AfD party and Britain's populist Reform UK party. In North America, Musk's role leading the Department of Government Efficiency has led to protests, boycotts, and vandalism of Tesla dealerships across at least a dozen states. Musk said this week he was stepping away from DOGE after months of involvement as a "special government employee." Federal law stipulates that those with this title cannot serve for more than 130 days in a 365-day period. Tesla's shares, which had come under pressure during Musk's DOGE stint, began rebounding in April after he announced he would step back from government work and "spend 24/7 at work" on his companies. In a Q&A published by Ars Technica on Tuesday, he said he'd been too involved in politics since wading into the 2024 presidential race last year — a campaign he heavily financed to the tune of nearly $300 million. In a sit-down with Bloomberg at the Qatar Economic Forum last week, he said he's no longer going to be spending big on politics, like he did in the 2024 election. Tesla did not immediately respond to a request for comment from Business Insider. Read the original article on Business Insider
