Elon Musk says the Tesla 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.
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:
Should you invest $1,000 in Tesla right now?
Before you consider Tesla you’ll want to hear this.
Our award-winning analyst team just revealed what they believe are the 10 best stocks for investors to buy right now… and Tesla, Inc. wasn’t one of them.
The online investing service they’ve run for nearly two decades, Motley Fool Stock Advisor, has beaten the stock market by over 4X.* And right now, they think there are 10 stocks that are better buys.