Options Market Statistics: Roblox Reports Substantial Growth in Q3; Shares Rise And Options Pop

Tesla is about to raise the prices of the cheaper versions of the Model Y in China, as a continuation of the price hike of the crossover's most expensive version in the country by RMB 14,000 ($1,920) late last month.

Multiple Tesla salespeople said in their WeChat statuses yesterday that the Model Y's price is about to go up in China, saying it will be a continuation of the RMB 14,000 price hike for the Model Y Performance.

Local media outlet Jiemian cited Tesla's response today as saying that the company does plan to adjust the prices of other versions of the Model Y after the Model Y Performance price was raised by RMB 14,000 on October 27.

The Tesla Model Y is offered in three versions in China -- an entry-level rear-wheel drive version, a dual-motor all-wheel drive long range version, and a dual-motor all-wheel drive performance version -- and is currently priced at a starting price of RMB 263,900, RMB 299,900, and RMB 363,900, respectively.

On November 8, 2023, Roblox Corp released its third-quarter financial results, showcasing significant growth in key metrics despite reporting a net loss. The company, known for its global platform that unites millions through shared experiences, reported a 38% increase in revenue year-over-year, totaling $713.2 million. Bookings also saw a healthy 20% rise, reaching $839.5 million.

Source: Benzinga, Dow Jones, CNBC