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Tesla presents new Model S with 315-mile battery

After learning earlier this weeks that the flagship Model S P100D would cost United States customers upwards of $134,500 to purchase, we now know how much European need to spend for the Model X P100D as well. It has to supply enough lithium-ion battery cells to fulfill Musk’s goal of Tesla delivering 500,000 vehicles annually by 2018. Tesla Chief Executive Elon Musk said the company will offer a larger upgraded battery pack for performance versions of its Model S and X vehicles that will extend range, while also allowing for super-fast acceleration. For more information about the program, visit Tesla’s official website. After all, the Tesla, SpaceX, SolarCity, and Pay Pal impresario could be announcing a manned mission to Jupiter, a ladder to the Moon, or nearly anything that fits his fancy.

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Tesla drivers who now own a Model S P90D Ludicrous can upgrade to the 100 kWh packs for $20,000. “Despite the disciplined pace of capital spending in the first half of this year, we still expect to invest about $2.25 billion in capital expenditures in 2016, in support of our accelerated production plan for Model 3.”, Tesla explained. The vehicle would be embellished with many interior pleasantries, and there will be cup holders too, the report says. Tesla gained almost 400,000 reservations for its Model 3 in a single week.

The 100-kilowatt hour battery pack will only be sold to Tesla’s high-end cars for now.

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That will be time to further amp up its performance. It also takes the price of the auto to $134,500. Then Tesla can try to have the fastest production vehicle in the known universe, assuming intelligent life elsewhere shares our need for speed. According to TheWeek, the Tesla Model 3 will be built on the company’s third-generation platform. It now comprises of less than 1% of total automotive market share only. But in the future, it will have to be. Musk hopes that more people will used solar panels to charge electric cars, creating a clear link between the two companies.

Tesla Motors CEO Elon Musk is also SolarCity's chairman and largest shareholder. Tesla says it wants to purchase the solar panel company to produce the renewable energy that could power its cars