Latest news for SalMar (OTC:SALRY) Stock

SalMar ASA produces and sells farmed salmon internationally. It operates hatcheries and controls the farming at all stages until the fish are ready to be harvested, processed, and packaged into various products. Products are developed with new mixes and packing methods to make it more convenient for customers. The salmon are sold through an in-house salesforce and through close partners of the company. Proximity to customers and tracking the use of resources plays a factor in delivering the raw material.

SalMar ASA

Medtronic plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDT#NYSE">MDT</a>), a global leader in healthcare technology, announced today CE (Conformité Européenne) Mark approval in the European Union (EU) and the United Kingdom (UK) for BrainSense&#x2122; Adaptive deep brain stimulation (aDBS) and BrainSense&#x2122; Electrode Identifier (EI), having achieved the standards required by the EU Medical Device Regulation (MDR). In addition, the first programming was completed today, performed by Martijn Beudel, MD, PhD, neurologist and associate professor, Department of Neurology, Amsterdam University Medical Center. This landmark approval and first-in-Europe patient programming demonstrate significant advancements in personalized DBS therapy for people with Parkinson's in Europe, including the UK.

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Regulations

Medtronic Gains CE Mark Approval for BrainSense Adaptive DBS, Advancing Parkinson's Treatment in Europe and UK

2024 revenues are expected to increase by approximately 56% compared to 2023, which is approximately $53 million above top end of financial outlook
Additional business updates to be presented by Natera at the 43rd Annual J.P. Morgan Healthcare Conference on January 15, 2025

NTRA

Natera Reports Preliminary 2024 Results: $1.7B In Annual Revenue (+56% YoY), $472M In Q4 Revenue (+52% YoY), And $86.3M In Positive Cash Flow For 2024

Telix Pharmaceuticals Limited (ASX: TLX, NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLX#NASDAQ">TLX</a>, Telix, the Company) today provides an update on its commercial and operational performance for the quarter ended 31 December 2024 (Q4 2024).
Sustained revenue growth
<ul>
<li>Q4 2024 unaudited revenue of approximately US$142 million (AU$218 million)1, represents an increase of 46% over the prior year corresponding quarter (Q4 2023: US$97 million or AU$148 million) and a quarter-over-quarter increase of 5% (Q3 2024: US$135 million or AU$201 million).</li>
<li>Telix's revenue is currently generated predominantly from sales of Illuccix&#xAE;, its diagnostic radiopharmaceutical for prostate cancer PET2 imaging.</li>
</ul>
Full year guidance exceeded
<ul>
<li>Total FY2024 unaudited revenue is approximately US$517 million (AU$783 million) exceeding previously stated guidance of US$490 million to US$510 million (AU$745 million to AU$776 million), representing a 55% increase over FY2023.</li>
<li>FY2024 investment into research and development (R&amp;D) remains in line with guidance, funded by earnings generated from product sales.</li>
<li>The Company intends to provide FY2025 guidance when it reports audited FY2024 annual results on 20 February 2025.</li>
</ul>

Earnings

Telix Pharma Reported Q4 Revenue Of $142M, Up 46% YoY, FY24 Revenue Of $517M, Up By 55% YoY

Elon Musk&#8216;s rocket manufacturing company SpaceX said on Saturday that it is now targeting Wednesday for its upcoming seventh flight test, later than its previous timeline of Monday.
What Happened:&nbsp;The launch window opens at 4:00 p.m. CT on Wednesday. 
SpaceX has previously said that its Starship vehicle, currently undergoing testing and development, will launch from Starbase in Texas for its seventh flight test carrying 10 Starlink simulators which are similar in size and weight to the company's next-generation Starlink satellites in a bid to demonstrate its capabilities in the satellite launch segment.
For the upcoming flight, SpaceX is looking to catch the two-stage vehicle&#8217;s booster back at the launch pad at Starbase with the launch tower&#8217;s metallic arms like on its fifth test flight in October. However, in case of any safety concerns, the company will splash it down in the Gulf of Mexico, it said.
The spacecraft, meanwhile, is slated to be splashed down in the Indian Ocean on the upcoming test.
While SpaceX has conducted 6 test flights of its ambitious launch vehicle to date, none of them carried any payload. The last test flight of Starship was in November.
Why It Matters:&nbsp;Starship is key to many big ambitions in the field of space exploration.
While NASA is looking forward to landing humans back on the surface of the Moon after a gap of over 50 years with the help of a&nbsp;<a href="https://www.benzinga.com/24/11/42108681/spacex-shows-off-conceptual-version-of-starship-which-will-help-humans-land-back-on-moon-in-over-50-yrs" target="_blank" rel="noreferrer noopener">custom version of the Starship</a>, Musk dreams of taking&nbsp;<a href="https://www.benzinga.com/news/24/09/40770222/elon-musk-sets-2026-for-starships-first-uncrewed-mars-mission-targeting-successful-landing" target="_blank" rel="noreferrer noopener">humans to the planet Mars</a>&nbsp;aboard the&nbsp;vehicle.
The last time humans set foot on the Moon was in 1972&nbsp;<a href="https://www.benzinga.com/news/24/01/36692749/just-a-worse-version-of-apollo-elon-musk-baffled-by-nasa-veterans-push-to-ditch-spacex-blue-origin-a" target="_blank" rel="noreferrer noopener">with Apollo 17</a>. Since then, no crew has traveled beyond low-Earth orbit.
SpaceX conducted a launch rehearsal with nearly 11 million pounds of propellant on Friday. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Starship and Super Heavy loaded with nearly 11 million pounds of propellant in a launch rehearsal ahead of the seventh flight test <a href="https://t.co/aSWDcEGAzn">pic.twitter.com/aSWDcEGAzn</a>
&mdash; SpaceX (@SpaceX) <a href="https://twitter.com/SpaceX/status/1877918089901421035?ref_src=twsrc%5Etfw">January 11, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/space/25/01/42868860/starships-raptor-engine-needs-few-final-touches-before-reaching-perfection-says-spacex-ceo-elon-musk" target="_blank" rel="noreferrer noopener">Starship's Raptor Engine Needs ‘Few Final Touches' Before Reaching Perfection, Says SpaceX CEO Elon Musk</a></li>
</ul>
Photo courtesy: SpaceX

SPACE

Elon Musk's SpaceX Delays Starship 7th Test Flight To Wednesday

GSK plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSK#NYSE">GSK</a>) and IDRx, Inc. (IDRx) today announced that they have entered into an agreement under which GSK will acquire IDRx, a Boston-based, clinical-stage biopharmaceutical company dedicated to developing precision therapeutics for the treatment of GIST. Under the agreement, GSK will pay $1 billion upfront, with potential for an additional $150 million success-based regulatory approval milestone payment. The acquisition includes lead molecule, IDRX-42, a highly selective KIT TKI being developed as a first- and second-line therapy for the treatment of GIST.

GSK To Acquire Biopharma Firm IDRx for $1B And Earnout Of Up To $150M, Targets Precision Therapy for GIST Treatment

BHVN

MRUS

Reported Earlier, Merus And Biohaven Partner to Co-Develop Three Novel Bispecific Antibody Drug Conjugate (ADC) Programs

Daiichi Sankyo (TSE: 4568) and AstraZeneca's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AZN#NASDAQ">AZN</a>) Biologics License Application (BLA) for datopotamab deruxtecan (Dato-DXd) has been accepted and granted Priority Review in the U.S. for the treatment of adult patients with locally advanced or metastatic epidermal growth factor receptor-mutated (EGFR-mutated) non-small cell lung cancer (NSCLC) who have received prior systemic therapies, including an EGFR-directed therapy.
Datopotamab deruxtecan is a specifically engineered TROP2 directed DXd antibody drug conjugate (ADC) discovered by Daiichi Sankyo and being jointly developed by Daiichi Sankyo and AstraZeneca.
The U.S. Food and Drug Administration (FDA) grants Priority Review to applications for medicines that, if approved, would offer significant improvements over available options by demonstrating safety or efficacy improvements, preventing serious conditions or enhancing patient compliance. The Prescription Drug User Fee Act (PDUFA) date, the FDA action date for its regulatory decision, is July 12, 2025. Datopotamab deruxtecan was previously <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.daiichisankyo.com%2Ffiles%2Fnews%2Fpressrelease%2Fpdf%2F202412%2F20241209_E.pdf&amp;esheet=54176761&amp;newsitemid=20250110025651&amp;lan=en-US&amp;anchor=granted&amp;index=1&amp;md5=63ac3be3e8ea1b7016c6f1afe51b484f">granted</a> Breakthrough Therapy Designation (BTD) by the FDA for this patient population.
The BLA and BTD are based on data from the <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fclinicaltrials.gov%2Fstudy%2FNCT04484142&amp;esheet=54176761&amp;newsitemid=20250110025651&amp;lan=en-US&amp;anchor=TROPION-Lung05&amp;index=2&amp;md5=d484a174b1fff7a915f6bcf0bbd4bf2f">TROPION-Lung05</a> phase 2 trial and supported by data from the <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fclinicaltrials.gov%2Fstudy%2FNCT04656652&amp;esheet=54176761&amp;newsitemid=20250110025651&amp;lan=en-US&amp;anchor=TROPION-Lung01&amp;index=3&amp;md5=fcbf0320494ff306e884b868ba75286b">TROPION-Lung01</a> phase 3 trial. In addition, the BLA is supported by the <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.clinicaltrials.gov%2Fstudy%2FNCT03401385&amp;esheet=54176761&amp;newsitemid=20250110025651&amp;lan=en-US&amp;anchor=TROPION-PanTumor01&amp;index=4&amp;md5=8acfba8e3acccde528f9021a99489936">TROPION-PanTumor01</a> phase 1 trial. In a pooled analysis of patients with previously treated advanced or metastatic EGFR-mutated NSCLC in the TROPION-Lung05 and TROPION-Lung01 trials <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.daiichisankyo.com%2Ffiles%2Fnews%2Fpressrelease%2Fpdf%2F202412%2F20241206_E.pdf&amp;esheet=54176761&amp;newsitemid=20250110025651&amp;lan=en-US&amp;anchor=presented&amp;index=5&amp;md5=bce953e44715738b5bcad79db8943f67">presented</a> at the European Society for Medical Oncology (ESMO) Asia 2024 Congress, datopotamab deruxtecan demonstrated clinically meaningful tumor response. The safety profile of datopotamab deruxtecan was consistent with previous reports from the TROPION-Lung05 and TROPION-Lung01 trials, with no new safety concerns identified.

DSKYF

DSNKY

FDA Grants Priority Review to Daiichi Sankyo and AstraZeneca's Datopotamab Deruxtecan for Advanced Lung Cancer Treatment

<ul>
<li>Three blockbuster-potential assets in late-stage clinical trials and four pivotal readouts expected in 2025; anticipate four commercial assets by 2028</li>
<li>Study 1 of Essential3 program for ulixacaltamide in essential tremor (ET) on track for Q1 2025 interim analysis; NDA filing for ulixacaltamide expected in 2025</li>
<li>Enrollment in EMBOLD study of relutrigine cohort 2 is on track; targeting NDA filing in 2026</li>
<li>Vormatrigine ENERGY program advancing with read-outs of RADIANT in first half of 2025 and POWER1 by year-end 2025</li>
<li>UCB has exercised its option to license KCNT1 small molecule candidate for global development and commercialization</li>
<li>Cash and investments ~ $470 million at the end of 2024 support runway into 2028</li>
</ul>

PRAX

Reported Earlier, Praxis Announces 2025 Milestones: Advancing Relutrigine, Ulixacaltamide, And Rare Disease Programs With $470M In Cash Reserves

Battling a legal soup in the U.S., controversial cryptocurrency-based betting platform Polymarket was refused access in another key financial market, Singapore, locals said on Sunday.
What happened: Alex Zuo, investments and custody vice president of cryptocurrency wallet provider Cobo, posted a snippet of an official notice that Singaporeans trying to use the platform were receiving.
"You have attempted to access an illegal gambling site hosted by an unlicensed gambling service provider," the notice read.&nbsp;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">polymarket在坡正式定义为博彩网站，想下注只能去国营博彩公司哦，否则面临罚款和坐牢哦 <a href="https://t.co/VdoozWAVgE">pic.twitter.com/VdoozWAVgE</a>
&mdash; alexzuo&#x1fae1; (@alexzuo4) <a href="https://twitter.com/alexzuo4/status/1878267006434074988?ref_src=twsrc%5Etfw">January 12, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The message was from Singapore's gambling regulator, the Gambling Regulatory Authority, implying that Polmarket was defined as a gambling website in the country.
The notice warned users that only the state-owned betting company could be used for gambling activities in the country, and anyone found flouting rules could face fines or even jail time.
Benzinga reached out to Polymarket and the Gambling Regulatory Authority, and the copy will be updated once they respond.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42936962/shytoshi-kusama-outlines-treat-tokens-usefulness-ahead-of-launch-optimistic-whales-buy-up-shiba-inu">Shytoshi Kusama Outlines TREAT Token&#8217;s Usefulness Ahead Of Launch, Optimistic Whales Buy Up Shiba Inu</a>
Why It Matters: Polymarket, which rose to prominence during the U.S. election season, has been under consistent scrutiny.&nbsp;
The Polygon (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">POL</a>)-based platform is inaccessible to U.S. residents, although one can use a VPN to change one's location outside of the U.S.
There were widespread concerns over disproportionately larger bets in favor of Donald Trump leading to the election, with many pointing to <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41434026/mark-cuban-dismisses-polymarket-election-odds-as-meaningless-most-of-the-money-is-foreign">foreign influence and market manipulation</a>. The platform is inaccessible to U.S. users.
Notably, CEO Shayne Coplan's residence was <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41959476/fbi-raids-polymarket-ceo-over-crypto-betting-platforms-us-activities-he-fires-back-in-the-face-of-adversity-we-build">raided by the Federal Bureau of Investigation</a> after the election.
More recently, cryptocurrency exchange Coinbase was subpoenaed by the CFTC, where the regulator sought "general customer information" related to Polymarket.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42935597/mark-cuban-advocates-bitcoin-over-gold-during-economic-turmoil-i-think-it-has-more-value-than-gold">Mark Cuban Advocates Bitcoin Over Gold During Economic Turmoil: &#8216;I Think It Has More Value Than Gold&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Global

$POL

Singapore Cracks Down On Polymarket: Regulator Issues Warning Against 'Illegal Gambling'

<ul>
<li>Reported $2.2 billion in preliminary&#x2A; full-year 2024 global product net sales, inclusive of $737 million in fourth quarter sales</li>
<li>Pre-filled syringe FDA PDUFA on track for April 2025 to support reaching patients earlier in treatment paradigm</li>
<li>10 ongoing registrational studies in 2025 across efgartigimod and empasiprubart enable next wave of indications</li>
<li>Empasiprubart to be evaluated in two head-to-head registrational studies against IVIg to position C2 inhibitor for broad, early-line use in MMN and CIDP</li>
<li>Transition to sustainable profitability in 2025 enables continued investment in innovation</li>
</ul>

ARGX

argenx Preliminary 2024 Financial Results: $2.2B In Annual Product Sales, $737M In Q4 Revenue, And $3.4B In Cash Reserves

<ul>
<li>Klinge Biopharma GmbH (Klinge) holds the exclusive global commercialization rights for FYB203, Formycon's biosimilar candidate to Eylea&#xAE;1</li>
<li>Agreement builds on the proven and successful collaboration of commercialization of FYB201, Formycon's biosimilar to Lucentis&#xAE;2 (ranibizumab) in Europe</li>
<li>The partnership broadens Teva's biosimilars portfolio, in line with its Pivot to Growth strategy &nbsp;</li>
</ul>

TEVA

Teva Partners With Formycon And Klinge To Commercialize Biosimilar To Eylea In Europe And Israel

<ul>
<li>The VENTANA Kappa and Lambda Dual ISH mRNA Probe Cocktail assay is the first clinically approved in-situ hybridisation (ISH) test with the sensitivity to assess the full spectrum of B-cell lymphoma subtypes.1,2</li>
<li>The test helps differentiate a B-cell cancer from a normal, reactive immune response, offering diagnostic certainty for healthcare providers and their patients.</li>
<li>B-cell lymphoma accounts for approximately 85 percent of non-Hodgkin lymphoma (NHL) cases, which is one of the most common cancers in the US.3</li>
</ul>

RHHBF

RHHBY

RHHVF

Roche's VENTANA ISH Test Secures FDA Clearance For Accurate B-Cell Lymphoma Diagnosis

Sarclisa obtains first approval in China for the treatment of adult patients with relapsed or refractory multiple myeloma
<ul>
<li>Approval based on positive pivotal ICARIA-MM phase 3 study using the China-based IsaFiRsT real-world study as bridging data, which demonstrated Sarclisa and the standard treatment Pd, improved responses and long-term outcomes compared to Pd alone in R/R MM patients</li>
<li>Sarclisa-Pd is currently recommended by the Chinese Society of Clinical Oncology (CCSCO) and Chinese Anti-Cancer Association (CACA) treatment guidelines for this patient population&nbsp;</li>
</ul>

Sanofi's Sarclisa Gains First Approval In China, Expanding Access For Patients With Relapsed Or Refractory Multiple Myeloma

<ul>
<li>Enhances Lantheus' growth profile with Neuraceq&#xAE;, a globally approved F-18 PET imaging agent used to detect beta-amyloid plaques in patients evaluated for Alzheimer's Disease</li>
<li>Advances Lantheus' radiopharmaceutical leadership with addition of Alzheimer's radiodiagnostic commercial infrastructure, expanded pipeline, and enhanced R&amp;D capabilities</li>
<li>Transaction expected to be accretive to adjusted EPS within the first 12 months</li>
<li>Company to host conference call on January 13, 2025, at 8:30 AM EST</li>
</ul>

LNTH

Lantheus Strengthens Radiopharmaceutical Leadership With $350M Acquisition Of Life Molecular Imaging

Amazon.com Inc. founder Jeff Bezos voiced confidence in the competitive landscape of the commercial space industry, despite President-elect Donald Trump&#8216;s close ties with rival Elon Musk&#8216;s SpaceX, as Blue Origin prepares for a <a href="https://www.benzinga.com/25/01/42906684/blue-origin-pushes-new-glenn-launch-to-no-earlier-than-sunday">pivotal rocket launch.</a>
What Happened: &#8220;Elon has been very clear that he&#8217;s doing this for the public interest and not for his personal gain. And I take him at face value,&#8221; Bezos told Reuters in Cape Canaveral, Florida, where Blue Origin&#8217;s 30-story New Glenn rocket awaits its debut launch. 
The launch was <a href="https://www.benzinga.com/25/01/42906684/blue-origin-pushes-new-glenn-launch-to-no-earlier-than-sunday">rescheduled to Jan. 12</a> due to high seas in the Atlantic Ocean where the company plans to recover its booster.
The timing is significant as Musk, who invested over $250 million in Trump&#8217;s election campaign, has advocated for direct Mars missions over lunar exploration. This stance has sparked industry concerns about potential changes to NASA&#8217;s existing space programs under the incoming <a href="https://www.benzinga.com/general/space/25/01/42838062/jeff-bezos-vs-elon-musk-blue-origin-looks-to-fly-new-glenn-for-first-time-on-same-day-as-starships-7th-test-flight">Trump administration</a>.
&#8220;What we shouldn&#8217;t do is start and stop things. We should continue with the lunar program for sure,&#8221; Bezos emphasized, adding that both lunar and Martian missions are essential. Amazon.com, where Bezos serves as executive chairman, has pledged $1 million to <a href="https://www.benzinga.com/25/01/42931869/jeff-bezos-amazon-to-pay-40-million-for-melania-trump-documentary-report">Trump&#8217;s inauguration fund</a>.
See Also: <a href="https://www.benzinga.com/markets/equities/25/01/42937107/mark-zuckerberg-criticizes-apple-for-stagnation-highlighting-years-long-rivalry-with-tim-cook-heres-the-backstory">Mark Zuckerberg Criticizes Apple For Stagnation, Highlighting Years-Long Rivalry With Tim Cook: Here&#8217;s The Backstory</a>
Why It Matters: The Federal Aviation Administration (FAA) recently authorized Blue Origin&#8217;s five-year commercial space launch license for New Glenn operations. The vehicle&#8217;s first mission will serve as a certification flight for National Security Space Launch missions, carrying the company&#8217;s <a href="https://www.benzinga.com/news/24/05/38909990/90-year-old-breaks-record-as-oldest-astronaut-with-blue-origins-launch">Blue Ring Pathfinder payload</a>.
Blue Origin&#8217;s $3 billion NASA contract for lunar landing missions positions it alongside SpaceX in the agency&#8217;s space exploration strategy. &#8220;This is our first flight and we&#8217;ve prepared rigorously for it,&#8221; said Jarrett Jones, SVP of New Glenn, acknowledging the ambitious goal of recovering the <a href="https://www.benzinga.com/25/01/42906684/blue-origin-pushes-new-glenn-launch-to-no-earlier-than-sunday">booster on this maiden flight</a>.
Bezos has previously maintained an optimistic outlook despite industry speculation about potential policy shifts under <a href="https://www.benzinga.com/startups/24/12/42417117/jeff-bezos-shrugs-off-worries-about-musks-influence-on-the-trump-administration-if-that-turns-out-to-be-naive-well-well-see">the incoming Trump administration</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/health-care/25/01/42935746/is-elon-musks-mental-health-a-cause-for-concern-biographer-thinks-so">Is Elon Musk&#8217;s Mental Health a Cause for Concern? Biographer Thinks So</a></li>
</ul>
Image Via Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Tech

Jeff Bezos Says He Takes Elon Musk At 'Face Value' Despite His Close Ties To Trump, Dismisses Concerns About SpaceX Undercutting Blue Origin

W&T Offshore Announces Private Offering Of $350M To Replace 2026 Notes And Repay Term Loan

EV giant Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has increased the price of all Model Y and Model 3 variants in Canada by C$1,000 (about $692).
What Happened: The Model Y now starts at C$60,990 ($48,485) in Canada for the base rear-wheel-drive variant and at C$69,990 for the more premium Performance variant.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Model Y Variant</td>
<td>New Starting Price (CAD)</td>
<td>Older Starting Price (CAD)</td>
</tr>
<tr>
<td>Rear-Wheel Drive</td>
<td>60,990</td>
<td>59,990</td>
</tr>
<tr>
<td>All-Wheel Drive</td>
<td>64,990</td>
<td>63,990</td>
</tr>
<tr>
<td>Performance</td>
<td>69,990</td>
<td>68,990</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Source: Tesla</figcaption></figure>
Tesla has likewise hiked the prices of all Model 3 variants in the country. The Model 3 now starts at C$55,990, up from C$54,990. 
The Long Range All-Wheel Drive variant Model 3 now starts at C$60,990, while the Performance variant starts at C$70,990. 
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Model 3 Variant</td>
<td>New Starting Price (CAD)</td>
<td>Older Starting Price (CAD)</td>
</tr>
<tr>
<td>Rear-Wheel Drive</td>
<td>55,990</td>
<td>54,990</td>
</tr>
<tr>
<td>All-Wheel Drive</td>
<td>60,990</td>
<td>59,990</td>
</tr>
<tr>
<td>Performance</td>
<td>70,990</td>
<td>69,990</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Source: Tesla</figcaption></figure>
Why It Matters: Tesla&#8217;s price hikes are not limited to Canada. 
Last week, the company hiked the price of all variants of the Model 3 in China by 3,600 yuan. 
Tesla also launched a refreshed Model Y in China on Thursday. The refreshed vehicle starts at&nbsp;<a href="https://www.benzinga.com/tech/25/01/42905406/tesla-launches-refreshed-model-y-in-china-amid-rising-competition" target="_blank" rel="noreferrer noopener">263,500 yuan on Tesla&#8217;s China website</a>, nearly 5.4% pricier than the older version of the vehicle which started at 249,900 yuan.&nbsp;
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/tech/25/01/42905406/tesla-launches-refreshed-model-y-in-china-amid-rising-competition" target="_blank" rel="noreferrer noopener">Tesla Launches Refreshed Model Y In China Amid Rising Competition</a></li>
</ul>
Photo courtesy: Tesla

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