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Musk cancels Model S Plaid+

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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.” 

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 company’s website.

Tesla upfront with industry issues

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

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

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Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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