Tesla (NASDAQ:TSLA) has officially canceled the most expensive version of its flagship sedan, the Model S Plaid Plus.
Previously, Tesla promised that its Plaid Plus version of the Model S sedan would give drivers 1,100 horsepower, 520 miles of driving range on a charged battery, and acceleration from 0 to 60 miles per hour in less than two seconds.
In March, Tesla raised the price of the Model S Plaid Plus by $10,000 bringing it to $150,000. The option to order the Model S Plaid Plus was removed from Tesla’s website during the last week of May.
The remaining high-end version of the Model S Plaid Plus will cost $120,000 and feature a 390-mile range battery, 1,020 horsepower and acceleration from 0 to 60 miles per hour in two seconds, among other features.
Like other automakers, Tesla has been grappling with supply chain issues due to a global computer chip shortage. The company recently removed radar sensors and lumbar support from the front passenger seats in its lower-priced Model 3 sedan and Model Y crossover for customers in North America.
Tesla produced none of its higher-priced Model S or Model X vehicles during the first quarter of 2021, even though Tesla had said production was underway during a 2020 fourth-quarter earnings call.
Meanwhile, Tesla has increased prices for different versions of its more popular Model 3 and Model Y vehicles in the U.S. several times this year.
