Tesla raises price of Model Y, Model 3 variants

Tesla raises price of Model Y, Model 3 variants

Tesla  Inc has increased the price of its Model 3 Long Range and Standard Range Plus and Model Y Long Range by $500, the electric-car maker’s website showed on Friday.

The price of its cheapest Model 3 Standard Range Plus has been increased to $39,990, while the Model 3 Long Range AWD was raised to $48,990.

Its Model Y Long Range AWD is now priced at $51,990 compared with $51,490 previously, according to the website.

Tesla delivered 182,780 Model 3/Ys in the first quarter, up 13% from the preceding quarter. A ramp up in production and solid demand for its less expensive models had helped offset the impact of a global shortage of parts.

On the technical front, TESLA  , RSI stood at 37.915, the price is trading Below   the Moving Averages  20 & 50 .So, a  Sell trade can be executed with the following target and stop-loss:

TRADE SIGNAL-  TESLA – Sell: 590.10, TARGET:-510.10, STOP LOSS: 630 .10.

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