Tesla Inc. has canceled the Plaid Plus variant of its flagship Model S product which was previously the most expensive in its sedan lineup.
- Chief Executive Officer Elon Musk said the Plaid Plus was canceled as the Plaid variant is just as good with an acceleration of 0 to 60 miles per hour in under two seconds. It is touted as the quickest production car ever made.
- Tesla In March hiked the price of the Plaid Plus by $10,000 to $150,000 but the option for this was removed from the firm’s website in May. It was advertised with 1,100 horsepower and 520 miles of range with a full battery.
- The remaining Plaid version is pegged at $119,000 with a 390-mile range battery and 1,020 horsepower. It was earlier scheduled to be released on June 3 but was pushed back to June 10 as Musk said another week of tweak was needed.
Tesla this year hiked the prices of its Model 3 and Model Y variants several times this year due to supply chain price pressures.
TSLA: Nasdaq is down 1.70%.
Source: Elon Musk Twitter.