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Tesla to unveil new product Tuesday, shares rise

Along with the new battery, Tesla is also bringing the Premium Seats, now available in the Model X to performance builds of the Model S. On Tuesday, he said Tesla is trying to “build a great electric auto that everyone can afford”.

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The Tesla Model S P90D set the standard for mass production cars with an official 0-60 mile an hour time of 2.7 seconds.

RDW, the Dutch authority that oversees vehicle registrations, recently approved a 100kWh battery for the Model S and Model X, according to Dutch blog Kenteken.TV.

Starting today, Tesla will be adding the 100-kWh battery to the top of its lineup for both Model S and Model X, but deliveries won’t start until next month at the earliest. Notably, only other cars faster than the Model S P100D Ludicrous are no longer on sale and cost over $1 million. Existing P90D owners who want to make the switch will have to pay $20,000 because the change requires replacing and recycling their cars’ existing motors.

Musk was quick to point out that the Model X is a faster accelerating vehicle than the McLaren F1, a point the executive called “nuts”. Second, Tesla CEO Elon Musk said during the company’s second-quarter earnings call that people are not buying 60s without optioning them up “quite a bit”. “That’s nuts”, Musk said.

Several weeks ago, reports in the Dutch press said the government regulator in the Netherlands that Tesla uses to approve its vehicles for European roads had approved a 100 kWh battery pack. But he also suggested that well-heeled customers buying the new P100D models will be contributing directly to Tesla’s future goals. If you’ve ordered a P90D with Ludicrous Mode but have not taken delivery, you can move on up to the P100D for just $10,000. The “steering system” might not be a traditional “steering wheel”, but there’s just no way Tesla believes it can legally ship a product next year without it featuring actual manual controls.

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Tesla has been under investigation from USA safety regulators following a fatal crash in Florida earlier this year involving its drive-assistance feature known as Autopilot.

Tesla Autopilot Gets a Price Hike