Though the La Ferrari and Porsche 918 Spyder are faster, Tesla (TSLA) is claiming that due to their competitors limited production runs, the new Tesla Model S P100D is the fastest accelerating car now in production anywhere in the world.
With Ludicrous Mode activated, the new Model S has a reported 0-60 time of 2.5 seconds. To get an idea how fast it is, check out this tweet:
The Tesla Model S P100D is now faster in a straight line than it would be if you dropped it out of a plane.
— MattHardigree (@MattHardigree) August 23, 2016
Tesla, recently acquired solar panel installer SolarCity for $2.6 billion, and are looking to move beyond the negative headlines they received when the failure of accident-prevention led to the death of a test driver. The extensive coverage and interest in the new Model S is a step in the right direction.
Shares of Tesla (TSLA), rose after an Elon Musk tweet:
Tesla product announcement at noon California time today
— Elon Musk (@elonmusk) August 23, 2016
Shares of Tesla finished the day up by 0.10%
Expensive Model S P100D necessary to pay for lower cost Tesla models – Tesla
The press release announcing the new Model S takes the unique step of explaining why they produce such a high cost car:
“While the P100D Ludicrous is obviously an expensive vehicle, we want to emphasize that every sale helps pay for the smaller and much more affordable Tesla Model 3 that is in development,” the Tesla release states. “Without customers willing to buy the expensive Model S and X, we would be unable to fund the smaller, more affordable Model 3 development.”
It’s rare to see a corporate press release with such a clear explanation, but it is in keeping with Elon Musk’s transparent attitude. Tesla’s patents are open source, and Tesla generally takes a more open approach to public relations, especially when compared to some of their competitors.
New battery extends Tesla Model S range
Thanks to the new battery, the range of the Model S on the 100 kWh battery is estimated to reach 315 miles (EPA Schedule)
The 100 kWh battery also increases range substantially to an estimated 315 miles on the Environmental Protection Agency (EPA) cycle. Tesla says this is the first Model S to reach beyond 300 miles, claiming it is now the longest range electric powered vehicle in production.
Follow Spencer Fernando on Twitter: @SpencerFernando
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