By Dhirendra Tripathi
Investing.com — Tesla (NASDAQ:TSLA) shares were trading weaker in Monday’s premarket following the electric vehicle maker’s decision to not go ahead with the planned production of Model S Plaid+, according to a tweet by its CEO Elon Musk.
Tesla planned to start the production of the vehicle next year.
On Sunday, Musk tweeted, “Plaid+ is canceled. No need, as Plaid is just so good.” He added, “0 to 60mph in under 2 secs. Quickest production car ever made of any kind. Has to be felt to be believed”.
At 520-miles range on 1,100 horsepower, Model S Plaid+ would have been Tesla’s longest-range vehicle and was also expected to be the priciest version of its flagship sedan, the Model S.
It was also supposed to hit 60 mph in less than 2 seconds.
“Model S goes to Plaid speed this week,” he said in another tweet, without elaborating.
The Model S Plaid, which will cost $112,990, is scheduled to be unveiled Thursday.
Tesla Weaker Premarket After Musk Says Shelving Model S Plaid+
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.