Money

Musk cancels Model S Plaid+

In this story

Tesla CEO Elon Musk has publicly cancelled plans to produce the Model S Plaid+

Model S Plaid+, which would have been Tesla’s highest-end model with a driving range of 520 miles, was unveiled at a battery event last year and the billionaire stated that said it would adopt its next-generation 4680 battery cells. But production was pushed back to 2022.

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

Musk on Sunday called the Model S Plaid the “quickest production car ever made of any kind” and therefore another model was not even needed.

He tweeted that the car can reach 60 miles per hour in under 2 seconds.

The Model S Plaid was scheduled to be unveiled at an event on June 3, which has been pushed to June 10.

The Model S Plaid costs $112,990, according to the companyโ€™s website.

Tesla upfront with industry issues

Like other North American automakers, Tesla has been grappling with supply chain issues especially aย computer chip shortage.

The company recentlyย removed radar sensorsย and lumbar support from the front passenger seats in its lower-priced Model 3 sedan and Model Y crossover for customers in North America.

Up next
Media accountability and Trumpโ€™s political fallout put journalism under scrutiny

Media credibility and changing audience interests are putting journalism under the spotlight.

Read the story →
Ticker Today takes a daily view of the world of news, politics and business.With Ahron YoungWhisky & Suits explores law, property finance and business over fine whisky.With Imran Khan and Chris ChristofiThe Founders Method explores practical lessons and systems for entrepreneursWith Jonathan Byrt and Jesse LeeworthyThe Connector explores property and urban growth across Australia and the UK.With Belinda CoateThe Property Playbook delivers research-led insights for property investors.With Tim Graham and Terry RyderState of Hospitality explores the challenges facing Australia's hospitality.With Jeremy KoadlowBuying Power helps young professionals enter property and build lasting wealth.With Victor and Reshmi KumarThe Airport Economist explores global trade, business and economic outlooks.With Tim HarcourtMedia Movers explores the trends shaping Australia's media and global news.With James ManningBroker Business explores strategies to build, grow and sustain a business.With Rex AfrasiabiMoney Matters explores practical financial strategies to build lasting wealth.With Dr Steven EnticottBeyond Education explores the ideas and technology shaping future learning.With Greg CampitelliTicker Air explores the latest aviation news, travel trends and developments.With Ahron YoungEarly Years Dialogue explores the issues shaping Australia's early learning.With Paul MondoMarkets and Machines explores AI, regulation and trends shaping the markets.With Chris BergSocial Intelligence explores how social media and AI transform our daily lives.With Dr Karen SutherlandThe AI Edge explores how artificial intelligence reshapes the world economy.With Brad Gastwirth

More from Ticker

Watch

More in Money

View all →