Tesla, leading international automobile firm, is planning to launch a car at one-tenth of it’s price of $1.4 million Ferrari LaFerrari super car. Tesla is hoping to give a big challenge to Ferrari.
Tesla’s electric sedans is now capable of hitting 60 miles per hour in just a 2.5 seconds, or about twice as fast as a Bentley Continental Flying Spur and is on par with Ferrari’s latest car.
Tesla’s CEO Elon Musk announced on Tuesday about the introduction of more powerful batteries to power the most capable versions of its electric cars. This would include a range now topping 300 miles per charge.
On a launch conference Musk noted the new top-of-the-line Tesla Model S P100D sedan, wich is named “Ludicrous” mode, will now cost $134,500. The Model X P100D crossover with the same high-performance option will now cost $135,500 and will hit 60 mph in just 2.9 seconds.
Customers who have ordered the P90D with “Ludicrous,” which hit 60 mph in 2.8 seconds — will now be able to upgrade to the new peak model for another $10,000. Existing P90D owners who want to upgrade to the new model will have to pay $20,000 as the change would require replacing and recycling their cars’ existing motors.
The company’s CEO also stated that the new Model X, a four-door SUV, will be faster than the 1990s McLaren F1 supercar.
As stated in USA Today he added, “You have a seven-seater SUV that beats a McLaren F1. That’s nuts,” Musk said. “The public pays attention to precedents and superlatives. This will help convince people around the world that electric is the future, and that it’s time to move to sustainable transport.”
On the end of the financial spectrum, its first mid-market model would start from a price of $35,000 and its production would start in mid-2017. The company is building a Giga factory worth $5 billion in the Nevada desert.
Musk also said that the improvements are made to the battery pack as to achieve the new speed marker will now spill over into the Model 3’s design.
In a post that he made in the blog, Musk said “without customers willing to buy the expensive Model S and X, we would be unable to fund the smaller, more affordable Model 3 development.”
He added, “Yes, this is an expensive car, but the important thing is it’s paying for the Model 3, both in terms of free cash flow and learning more about the core technology. People who care about the Model 3, they should appreciate that people buying the P100D are helping pay for their car’s development.”
No updates have been yet made about Tesla’s Model 3 production timeline other than Musk saying he remains focused on “refining the machine that builds the machine, which ultimately is more important than the (vehicle) itself.”
He said using improved and efficient manufacturing process, Tesla will be able to reduce it’s costs which would benefit both consumers as well as the company.