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Tesla Plaid Is So Good Elon Musk Says the Plaid+ Is Cancelled

Besides, there’s a new supercar on the horizon. The post Tesla Plaid Is So Good Elon Musk Says the Plaid+ Is Cancelled appeared first on The Motley Fool Australia. –

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

Elon Musk says the Tesla (NASDAQ: TSLA) Plaid is already so good there’s not much he could do to improve it. In a tweet on Sunday, he said he’s cancelled the top-of-the-line Plaid+ upgrade to the Model S.

The high-end basic Plaid is set to roll out on Thursday, June10. It carries a price tag starting just under $80,000 and offers a driving range of 390 miles, 1,020 horsepower, and 0 to 60 acceleration in 2 seconds. The Plaid+ was going to go for $150,000 after it hiked the price by $10,000, and it offered 520 miles of driving between charges.

Image source: Tesla.

Tesla, like other automakers, has been impacted by supply-chain disruptions caused by the global COVID-19 pandemic. Most recently, manufacturers have temporarily shut down production lines as semiconductor shortages weighed on their ability to meet demand.

Yet Tesla also faced the prospect of the Plaid+ going up against the company’s Roadster supercar that’s due in 2023. A related factor behind the cancellation was whether buyers would pay for two souped-up EVs. Musk solved that problem with two tweets on Sunday:

Plaid+ is canceled. No need, as Plaid is just so good.

— Elon Musk (@elonmusk) June 6, 2021

0 to 60mph in under 2 secs. Quickest production car ever made of any kind. Has to be felt to be believed.

— Elon Musk (@elonmusk) June 6, 2021

The change in the lineup follows a report Tesla sales plunged 45% in May to just 9,800 vehicles. The EV maker’s stock was down 1% in midday trading.

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Rich Duprey has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Tesla. The Motley Fool has a disclosure policy.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

The post Tesla Plaid Is So Good Elon Musk Says the Plaid+ Is Cancelled appeared first on The Motley Fool Australia.

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