Elon Musk hits brakes on Tesla Model S Plaid+ production
'Plaid+ is canceled,' Musk tweeted. 'No need, as Plaid is just so good.'
Money Map Press chief strategist Shah Gilani and The Fitz-Gerald Group Principal Keith Fitz-Gerald on tech stocks, meme stocks, economic recovery and today’s markets.
Tesla's Model S Plaid+ has been canceled, according to a tweet by CEO Elon Musk on Sunday afternoon.
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"Model S goes to Plaid speed this week," Musk tweeted. "Plaid+ is canceled. No need, as Plaid is just so good."
The announcement comes ahead of the electric vehicle maker's upcoming delivery event for the Tesla Model S Plaid, which was rescheduled from June 3 to June 10. Musk said the delay was due to the Plaid needing "one more week of tweak."
Musk claims the Model S Plaid is the "quickest production car ever made of any kind", which "has to be felt to be believed."
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The Plaid, which has a starting price of $119,900 before gas savings and tax incentives, is capable of traveling from 0 to 60 miles per hour in 1.99 seconds. The Plaid has a top speed of 200 miles per hour and can cover 390 miles per charge, according to the company's website.
Meanwhile, the Plaid+, which had a starting price of $149,900 before gas savings and tax incentives and an estimated range of 520 miles, was supposed to be available starting in mid-2022.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| TSLA | TESLA INC. | 251.44 | +8.60 | +3.54% |
Tesla delivered a record 184,877 vehicles in the first quarter of 2021, despite "really severe supply chain issues." However, the Model 3 and Y accounted for 182,847 of the deliveries, while the Model S and X accounted for 2,030 deliveries.