Tesla Launches Cheapest Model 3 in Canada Amid New Tariff Deal
- Tesla Model Launch: Tesla has launched its new Model 3 Premium RWD in Canada at a price of CAD 39,490 (approximately USD 29,000), marking the lowest price for this electric sedan in the country, which is expected to attract more consumers to this model.
- Tariff Policy Shift: Following a new agreement between Canada and China, the import tariff on electric vehicles has dropped from 100% to 6.1%, enabling Tesla to ship Chinese-made vehicles to Canada for the first time since 2024, which is anticipated to boost sales significantly.
- Performance and Price Gap: The new Model 3 offers a range of 463 kilometers and accelerates from 0 to 100 kph in 4.2 seconds, while the performance model has been reduced by 17% to CAD 74,990; despite a CAD 35,500 price difference, most consumers are likely to opt for the cheaper base version.
- Xiaomi's European Expansion: Xiaomi plans to introduce its electric vehicles to Germany by 2027, having established a research center in Munich, with a goal of delivering 550,000 vehicles this year, indicating its strategic intent to expand in the global electric vehicle market.
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Technical Analysis for U
Technical Sentiment Analysis for Union (U). As of , Union (U) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 3 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for U stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, U is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Union (U) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.999 | 0.999 | 1 | 1 | 1 | 1.001 | 1.001 |
| Fibonacci | 0.999 | 1 | 1 | 1 | 1 | 1 | 1.001 |
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