Tesla Inc’s Chief Executive Elon Musk said in a tweet over the weekend that deliveries of the Model S Plaid vehicle would be postponed until June 10th, since the car requires ”one more week of tweak.”
The Model S Plaid was showcased as part of Tesla’s Battery Day presentation in September 2020, while the company tested a prototype of the vehicle at the Laguna Seca raceway in 2019.
According to Musk, Model S Plaid is capable of accelerating to 60 miles per hour in less than 2 seconds and it can reach a top speed of up to 200 miles per hour.
According to current specifications posted on the auto maker’s website, its Model S Plaid will have a driving range of 390 to 412 miles, while another version of the vehicle, Model S Plaid Plus, will have a larger range – over 520 miles.
The starting purchase price of Model S Plaid is $119,990, while that of Model S Plaid Plus – $149,990, Tesla said.
Tesla shares closed lower for the fifth time in the past ten trading sessions on NASDAQ on Friday. The stock went down 0.89% ($5.63) to $625.22, after touching an intraday high at $635.59, or a price level not seen since May 10th ($664.79).
Shares of Tesla Inc have retreated 11.40% so far in 2021 compared with an 11.93% gain for the benchmark index, S&P 500 (SPX).
In 2020, Tesla Inc’s stock went up 743.40%, thus, it outperformed the S&P 500, which registered a 16.26% gain.
Analyst stock price forecast and recommendation
According to CNN Money, at least 14 out of 37 surveyed investment analysts had rated Tesla Inc’s stock as “Buy”, while 13 – as “Hold”. The median price target on the stock stands at $727.50.
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