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Updated Tesla Model 3 revealed for 2024 sale

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Tesla’s much-anticipated 2024 Model 3 has been officially unveiled for the Australian market, bringing with it price adjustments and estimated delivery timelines.

Tesla Australia is now accepting orders for the new Model 3 in two variants: the base Model 3 RWD and the Model 3 Long Range. The base Model 3 RWD starts at $61,900 before on-road costs, representing an increase of $4,500 compared to the pre-facelift version. Meanwhile, the Model 3 Long Range carries a starting price of $71,900 before on-road costs, reflecting a $500 increase from the previous model.

Customers placing orders for these models can expect their deliveries to begin arriving between January and March 2024.

Key Details of the 2024 Model 3

– Model 3 RWD boasts an estimated range of 513 kilometers, an increase of 22 kilometers over its predecessor.
– Model 3 Long Range offers an estimated range of 629 kilometers, a boost of 27 kilometers.
– Acceleration times remain impressive, with the Model 3 RWD reaching 100 kilometers per hour in 6.1 seconds, and the Model 3 Long Range achieving the same speed in 4.4 seconds.

The exterior of the new Model 3 displays a sleeker front design with a simplified lower section compared to its predecessor. Under the surface, the vehicle features a revised suspension system, including new springs, dampers, and subframe mounting points, all aimed at enhancing ride comfort.

Furthermore, improvements have been made to the Michelin tires, which now offer softer sidewalls for a more comfortable ride and improved noise suppression.

Inside the cabin, the 2024 Model 3 features a new 15-inch screen with the same dimensions and processor as the previous model. The steering wheel has been redesigned and no longer includes column stalks for indicators or cruise control; instead, capacitive touch buttons have been integrated into the wheel.

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Aussie job market defies expectations with stable 4.1% unemployment rate

Australia’s unemployment held at 4.1% in May amid job loss; full-time roles surged, underemployment fell, and female participation rose to 60.9%, keeping RBA cautious despite rate cut speculation.

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Australia’s unemployment held at 4.1% in May amid job loss; full-time roles surged, underemployment fell, and female participation rose to 60.9%, keeping RBA cautious despite rate cut speculation.


Australia’s unemployment rate held firm at 4.1% in May, despite a small drop of 2,500 jobs—falling short of forecasts.

But dig deeper: full-time jobs jumped by nearly 39,000, underemployment hit post-COVID lows, and female participation reached a record 60.9%.

With labour market resilience still strong, the Reserve Bank is unlikely to be swayed—though markets see an 80% chance of a July rate cut.

The RBA remains in a balancing act, cooling inflation, without choking growth.

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#RBA #JobsData #AustraliaEconomy #Unemployment #InterestRates #LabourMarket #tickernews

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Central banks struggle with economic uncertainty and rates

Central banks face challenges amid economic uncertainty, impacting policy decisions and investor confidence worldwide.

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Central banks face challenges amid economic uncertainty, impacting policy decisions and investor confidence worldwide.

In Short:
Central banks are grappling with economic uncertainty, prompting various interest rate cuts globally to stimulate growth. Many central banks, including those in Norway, Sweden, and Japan, are adjusting rates in response to inflation and trade concerns, while others like the Federal Reserve and the Bank of England are considering future cuts.

Central banks are facing significant uncertainty concerning economic growth and inflation, making their policy decisions increasingly challenging as they approach the end of their rate-cutting cycles.

This uncertainty is also impacting investors. Recently, Norway’s central bank surprised markets with an interest rate cut, while the U.S. Federal Reserve cautioned against relying heavily on its policy projections.

The Swiss National Bank responded to decreasing inflation and economic unpredictability by reducing its benchmark rate to 0% but may consider further cuts. The Bank of Canada has maintained its rate at 2.75%, suggesting a potential future cut in light of tariffs affecting the economy.

Sweden’s central bank cut its key rate as well, aiming to stimulate growth amid weak price pressures.

In New Zealand, expectations are for rates to remain steady after a recent reduction to protect its economy from global trade uncertainties. The European Central Bank has also cut rates, considering further adjustments to meet inflation goals.

The Federal Reserve is keeping rates steady, although further cuts are anticipated due to low inflation. In Britain, the Bank of England held rates but may continue cuts in response to weak labour indicators.

The Reserve Bank of Australia is prepared for rate cuts due to weak growth data and trade tensions, while Norway’s central bank has been cautious with its recent decision. The Bank of Japan remains the only bank in a tightening phase, balancing escalating tensions and tariff concerns with its monetary policies.

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Fed signals slower cuts amid rising risks

U.S. Federal Reserve revises economic forecasts downward, expecting growth slowdown and higher unemployment, but still plans rate cuts in 2024 and 2025.

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U.S. Federal Reserve revises economic forecasts downward, expecting growth slowdown and higher unemployment, but still plans rate cuts in 2024 and 2025.


At its latest meeting, the U.S. Federal Reserve revised its economic forecasts downward, with growth trimmed, inflation nudged up, and unemployment expectations now higher.

Despite this gloomier outlook, the Fed still sees two rate cuts in 2025, but just one in 2024 and one in 2026, a major dial-back from earlier projections.

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#FederalReserve #InterestRates #JeromePowell #Inflation #USEconomy #FedMeeting #tickernews

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