Tesla is pulling the plug on the costliest model of its flagship sedan, the Mannequin S Plaid Plus, CEO Elon Musk announced on Twitter.

The corporate had beforehand introduced plans to promote the premium automobile — which was marketed as having the ability to go greater than 520 miles on a totally charged battery — for nearly $150,000, $30,000 greater than the usual “Plaid” model.

Tesla nonetheless plans a “Plaid” model of the Mannequin S, which is marketed as having the ability to go 390 miles per cost.

Each variations of the automobile have been anticipated to have three motors, greater than the 2 in earlier variations of the automobile, and each have been anticipated to have the ability to speed up from 0 to 60 in about 2 seconds.

“Plaid+ is canceled. No want, as Plaid is simply so good,” Musk tweeted Sunday. “0 to 60mph in beneath 2 secs. Quickest manufacturing automobile ever fabricated from any variety. Must be felt to be believed.”

The weird “Plaid” title is reportedly a reference to the 1987 Star Wars parody “Spaceballs.”

When spacecrafts enter hyperspace in “Star Wars,” the celebs remodel into streaks of sunshine — whereas in “Spaceballs,” the spacecrafts go so quick that the celebs flip plaid.

The announcement comes simply days earlier than a planed June 10 “supply” ceremony for the Mannequin S Plaid. That ceremony was initially alleged to happen on June 3, however was delayed every week.

Whereas the delay of the occasion and the sudden cancellation of the higher-end mannequin weren’t attributed to provide points, the strikes come as your complete automaker {industry}, and different components of the financial system, undergo from a world microchip scarcity.

Tesla CEO Elon Musk said the Plaid Plus is unnecessary because the "Plaid is just so good."
Tesla CEO Elon Musk mentioned the Plaid Plus is pointless as a result of the “Plaid is simply so good.”
HANNIBAL HANSCHKE/POOL/AFP through Getty Pictures

On the finish of Could, Musk mentioned that recent price increases have been “attributable to main provide chain value strain industry-wide. Uncooked supplies particularly.”

“Our largest problem is provide chain, particularly microcontroller chips. By no means seen something prefer it,” he added in one other tweet final week.

“Worry of operating out is inflicting each firm to overorder – like the bathroom paper scarcity, however at epic scale. That mentioned, it’s obv not a long-term challenge.”

Shares of Tesla have been down greater than 1 p.c in noon buying and selling Monday.

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