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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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Why the meme-stock frenzy is unlikely to repeat

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GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

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Why are airlines after the Biden Administration?

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Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

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The mounting pressure on Government spends

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Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending

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