Tesla cancels longer-range Plaid+ version of Model S sedan, Elon Musk tweets

Musk didn’t address whether the availability of a new type of battery factored in Tesla’s decision to cancel the Model S Plaid+. The CEO unveiled plans in September of last year to develop larger, more energy-dense and powerful 4680 cells that would enable the company to offer both cheaper and higher-performing EVs. But in April, Musk said those cells were probably 12 to 18 months away from volume production.

There’s a lot riding on Tesla’s ability to produce the 4680 cells: delays could set back the launch of the Cybertruck and Semi.

Musk has scheduled a Plaid delivery event for June 10. Tesla shares slipped as much as 1.4 percent before the start of regular trading Monday.

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