Tesla 'Signature' Edition Model S Officially Sold Out As Reservations Close: Ross Gerber Calls It 'A Crim

Tesla Inc. (NASDAQ:TSLA) has sold out its Model S ‘Signature’ Edition inventory as Elon Musk bids farewell to the luxury Model S and X vehicles.

Reservations Closed, $56 Million Revenue

In a post on the social media platform X on Thursday, influencer Sawyer Merritt shared that the automaker had run out of ‘Signature’ Edition units. “The $160,000 Model S Signature Edition is officially sold out,” he said, adding that Tesla had closed reservations for both Model S and X units.

“Between the 250 Model S and 100 Model X Signature Editions, Tesla generated a combined $56M in revenue,” Merritt shared. Notably, Tesla has barred customers purchasing the limited editions from selling their vehicles within one year of purchase.

Ross Gerber Laments The End Of Models S, X

Responding to Merritt, investor Ross Gerber of Gerber Kawasaki criticized Tesla’s decision to sunset its luxury offerings. “Why would they stop selling this car. It’s a crime,” Gerber said, decrying the Model S and X’s end.

The investor has been against the decision and had previously said that he was “very sad” that Tesla was ending the production of the “best vehicles of all time.”

Tesla’s New Models

According to Benzinga Edge Rankings, Tesla offers satisfactory Momentum, but poor Value. It provides a favorable price trend in the Long term.

Price Action: TSLA declined 0.78% to $388.90 at market close on Thursday, further slipping 0.19% to $388.18 during the after-hours trading session.

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