Tesla ( NASDAQ:TSLA) is up 103% in the past year, and the vast majority of those gains — about 70% — have been since Trump won the 2024 election. Investors now see Elon Musk as a heavyweight in policy decisions and many now even call him the co-president. TSLA stock now trades at $424 with a $1.33 trillion valuation.

Tesla recently raised prices on some of its cars in China. Now, it has sharply increased what it charges for its vehicles in Canada.

Tesla will raise prices of all its cars in Canada from Feb. 1, according to notices on its Canadian website, with prices of Model 3 going up by as much as C$9,000.

Tesla stock rose early Friday, as the electric vehicle maker tries to avoid a fourth consecutive decline. A new version of its model Y in the U.S. might help. Investors got some pricing news about the company’s updated Model Y.