Tesla increases Model 3, Model Y prices: Report

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San Francisco, Oct 6 | Electric vehicle maker Tesla has implemented a price increase across its entire Model 3 and Model Y lineup in an overnight update to its online configurator in the US.

The price of Tesla Model 3 Standard Range Plus went from $39,990 to $41,990, Tesla Model 3 Long Range AWD price stayed at $49,990 and Tesla Model 3 Performance price went from $56,990 to $57,990, auto-tech website Electrek reported on Wednesday.

The most significant change is the $2,000 price increase to the Model 3 Standard Range Plus, which has been Tesla’s cheapest car.

Earlier this year, the same version of the car was starting at $36,990, which is a $5,000 or 13 per cent price increase for Tesla’s cheaper vehicle over just seven months.

Meanwhile, Tesla Model Y Long Range Dual Motor price went from $52,990 to $54,990 and Tesla Model Y Performance price went from $60,990 to $61,990.

The Model Y Long Range, which is the cheapest version of the electric SUV, has now seen $4,000 in price increases since April.

CEO Elon Musk had earlier said that the price increases were partly due to Tesla facing supply chain issues throughout the year, like the rest of the industry.

Source: IANS

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Share Market Closing Bell: Nifty ends above 15,800, Sensex gains 180 pts

Share Market Closing Bell: Nifty ends above 15,800, Sensex gains 180 pts

The benchmark Indices Nifty started on the positive side after continuous sell off in last week and has managed to settle at 15842.30 with 60 point gain or 0.38 percent. However Nifty has failed to regain 16000 levels prior to LIC listing.

While Bank nifty has managed to settle at 33597.60 levels after gaining 1.44 percent. On the sectoral front, Nifty PSU Bank, Nifty Realty and Auto have contributed 2-3 percent gain on closing basis. On the flip side Nifty IT and FMCG ended with losses of 0.75 percent and 0.35 respectively. In Nifty, EICHERMOT, APOLLOHOSP and UPL were the top gainers while ULTRACEMCO, SHREECEM and ASIANPAINT were the prime laggards.

Technically, after forming the bearish candle on the weekly chart, the index has formed a Doji candlestick on the daily chart which shows indecisiveness among the trades. Moreover, the index has also faced a resistance from falling trend lines and showed profit booking from higher levels. However, Fibonacci retrenchment also has support around 15650 levels.

Traders may find buying opportunities for short term as if 15650 levels is protected. In the hourly chart, with support of the middle Bollinger band short term upside movement is expected. Stock specific action would drive the market in coming days too.

On the derivatives front, the highest call OI is at 16000 strike price followed by 16200 strike prices while on the put side, highest OI is at 15500 strike price. INDIA VIX closed at 24.53 with gain of 4.43 percent intraday indicating volatility is going to remain till weekly expiry . On the other hand, Bank nifty has support at 32600 levels while resistance is placed at 34500 levels.

Sumeet Bagadia
Executive Director
Choice Broking

Source: Choice India

 

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