$Tesla(TSLA.US)$ electric sedan Model S's Plaid variant is expected to be launched in China in March, CEO Elon Musk said on Monday.
What Happened:
Musk revealed the tentative timeline in a Twitter post without sharing further details.
Probably around March
— Elon Musk (@elonmusk) November 22, 2021
The Model S Plaid is priced at $169,598 (RMB 1,059,990) in China, as per Tesla China website, which shows the current delivery time for Model S Plaid to be at the end of next year.
Tesla began delivering the Model S Plaid electric vehicle in June this year. The delivery event was live streamed.
Musk in a separate tweet on Sunday said the Model S Plaid is "sickkkk."
Why It Matters:
The Model S Plaid is a performance variant of Tesla's Model S five-door EV sedan that was launched in 2012.
Tesla had in June, days before the official launch, raised the price of the Model S Plaid variant and canceled plans to make a more expensive variant of its flagship Model S sedan.
Tesla says the Plaid version of Model S would have a 390-mile range battery — the company's best, with 1,020 horsepower and be able to accelerate from zero to 60 miles per hour in under two seconds.
Price Action: Tesla shares closed 3.71% higher at $1,137.06 a share.