Tesla, Inc. TSLA is an EV market pioneer as well as the industry leader. It has among its product portfolio four models, namely the Model S and Model 3 sedans and the Model X and Model Y SUVs.
What Happened: The Model 3 budget sedan may have been Tesla's best-selling vehicle, but CEO Elon Musk has named the new Model S along with the Plaid X as the company's "best-ever car." The Tesla chief was responding to an observation made by a Twitter user, who heaped praises on the new Model S by stating it has adaptive air suspension which makes the ride super smooth, along with awesome ventilated seats, incredible sound system, superb range and fast charging.
Why It's Important: Tesla is seeing strong momentum in deliveries, as evidenced by its fourth-quarter numbers released last Sunday. The company delivered a record 308,600 units for the fourth quarter and 936,170 units for the full-year 2021. Tesla's Model S, which was introduced in June 2012, received a major refresh in June 2021.
It has a range of 405 miles, top speed of 155 miles per hour, peak power of 670 horsepower and a drag coefficient of 0.208. The vehicle has a dual-motor power train and can accelerate from 0 to 60 miles per hour in 3.1 seconds.
The Model S is priced at $94,990 and the Model S Plaid at $129,990. The Model X Plaid, meanwhile, has a range of 333 miles and peak power of 1,020 hp and can accelerate from 0 to 60 miles per hour in 2.5 seconds.
It has an improved interior, with a spacious cabin, wireless gaming, superior audio system and multi-device Bluetooth, wireless and USB-C charging, among other things.
Tesla shares closed Friday's session down 3.54% at $1,026.96.
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