Tesla (TSLA) Adds 100-kWh Battery Option Pack to Model S and Model X

August 23, 2016 3:30 PM EDT

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(Updated - August 23, 2016 3:39 PM EDT)

Tesla (Nasdaq: TSLA) adds 100-kWh battery pack to Model S and Model X.

The Model S P100D Ludicrous 0 - 60MPH time is 2.5 seconds, down from 2.8 seconds. The range on the vehicle is extended to 315 miles. The new range is up from 294 miles with the 90-kWh batter.

The Model X 100-kWh option has a range of 289 miles, versus 250 miles with the 90-kWh battery.

Other upgrades were made to the wiring harness and other areas.

Highway passing speeds will see a notable improvement, as it has been one of the lacking performance areas for the Model S and Model X.

The Model S P100D will start at $134,500, which is an increase of $9,500 from the P90D. The Model X with the 100-kWh battery will start at $135,500.

Initial production will be limited to 200 packs per week.

UPDATE - The following was posted to Tesla's blog on Tuesday:

The Model S P100D with Ludicrous mode is the third fastest accelerating production car ever produced, with a 0-60 mph time of 2.5* seconds. However, both the LaFerrari and the Porsche 918 Spyder were limited run, million dollar vehicles and cannot be bought new. While those cars are small two seaters with very little luggage space, the pure electric, all-wheel drive Model S P100D has four doors, seats up to 5 adults plus 2 children and has exceptional cargo capacity.

The 100 kWh battery also increases range substantially to an estimated 315 miles on the EPA cycle and 613 km on the EU cycle, making it the first to go beyond 300 miles and the longest range production electric vehicle by far.

The larger battery pack is also available on the Model X, making the world’s quickest SUV even faster. Model X P100D with Ludicrous mode accelerates to 60 mph in 2.9* seconds and travels up to 289 miles EPA and 542 km EU on a single charge. Model X is also a pure electric SUV and can seat up to seven adults.

Model S and Model X are engineered to be the safest cars on the road and to have the highest ratings from NHTSA. Both have access to the Tesla Supercharger network for the freedom to travel long distance for free. And every Tesla will improve over time with free over the air upgrades.

Tesla customers who have ordered a P90D Ludicrous, but not taken delivery, can upgrade to the 100 kWh pack for $10,000. Existing P90D Ludicrous owners can also upgrade to a 100 kWh pack, but for $20,000, as their used 90 kWh pack will have to be recycled.

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. Without customers willing to buy the expensive Model S and X, we would be unable to fund the smaller, more affordable Model 3 development.

* Expected value using max power mode and Motor Trend benchmark

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