TESLA (TSLA) revealed that it has abandoned its plans to develop Model S Plaid+, the most expensive upgraded version of its sedan. Following the announcement, shares of the company increased 1% to close at $605.13 on June 7. TESLA CEO Elon Musk commented, “Model S goes to Plaid speed this week. Plaid+ is cancelled. No need, as Plaid is just so good.” He added that the upgraded version was cancelled as Plaid itself could go from 0 to 60mph in less than 2 seconds. (See TESLA stock analysis on TipRanks) Notably, Model S Plaid+ would have been the most premium version of its sedan, priced at around $150,000.
https://www.tipranks.com/news/tesla-scraps-plans-to-make-model-s-plaid-shares-rises
Tesla (NASDAQ:TSLA)
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