The Model S is plaid.
It is a car called theTesla
Musk said the Model S Plaid will be available in China in March.
The $130,000 vehicle goes from zero to 60 mph in less than 2 seconds.
The China story is worth $400 per share, according to Wedbush.
Musk said that he expects the Model S Plaid to debut in China in March 2022.
He said that model S Plaid is sick. Musk said that the vehicle will probably be sold in China in March.
The Model S Plaid has a steering wheel that's more than 1,000 horsepower, and is more than 400 miles in range. One of the fastest production cars ever made can go from zero to 60 mph in under two seconds and can hit a max speed of 200 mph.
The imminent arrival of the luxury sedan in the Chinese market is important to the bullish fundamental story of the company.
He said in a note last week that China will represent 40% of the company's deliveries in the next four years. Demand for the electric car maker's vehicles in China has increased into the year-end, with the company at a 50,000 monthly run-rate.
The China story is worth $400 per share to theTesla story, and we are raising our price target from $1,100 to $1,400. That could mean an upside of about 17% from current levels. The stock of the company is rated at Outperform by Ives.
The stock market's trend of electric vehicle stocks like Rivian and Lucid being down about 10% in afternoon trades was reversed by the gain on Monday byTesla.
Markets Insider.
Business Insider has an original article.
