Due to the speed of innovation of the world, it was only a matter of time before an alternative source of fuel for vehicles was developed. Although, petrol cars have dominated the world for decades, that doesn't make it the best. This is because it was the only reliable source of fuel at that time and was later discovered to have adverse effects on the environment. One of the major reasons why the need for the use of petrol as the only source of fuel for cars should be discarded is the fact that it contributes immensely to the depletion of the Ozone layer. And today, global warming is a crisis on it's own which needs to be controlled before it gets out of hand. In view of this, Tesla company came out with it's brand of cars called
ELECTRIC CARS with the aim of reducing global warming. Tesla found a means of harnessing electricity and using it to fuel cars. Tesla's new battery pack is all about going the distance, and being quicker than any mass-produced car has ever been.
Tesla announced new versions of its Model S sedan and Model X crossover Tuesday, with substantially faster acceleration and a longer battery range.
Tesla claims its Model S P100D with Ludicrous mode is the fastest production car in the world, when it comes to acceleration. They compared it to the likes of the LaFerrari and also the Porsche 918 Spyder, which were accelerated faster, but were limited-run cars, while that of Tesla will be factory-produced for the general public. The Model S is made up of a 100 kilowatt hour battery, with a 315 mile EPA range.
"I think this is going to send a great message to the public that sustainable transport is the future," These were the words of CEO Elon Musk
However, after the announcement was made, shares of both Tesla and SolarCity gave up earlier gains of 2.49 percent and 1.9 percent, respectively. At market close, both stocks were slightly elevated.
"I think what they have done here with the battery pack in terms of improving the capacity in the same form factor is an impressive feat from an engineering standpoint," said Oppenheimer analyst Colin Rusch on CNBC's "Closing Bell." "And this is a capability that we were very excited about with the auto platform, that they can do these sorts of things, that they will continue to roll these sorts of products out."
The Model X P100D, also has Ludicrous mode which is a performance mode that allows an increase in acceleration through electronics is built to go from 0 to 60 miles per hour in just 2.9 seconds and will be able to travel 289 miles on a single charge.
The Model S P100D will start at $134,500 and the Model X 100D will start at $135,500.
Tesla’s Model S P100D with Ludicrous mode will use the same basic Model S body, but will have 100 kW/h battery, the Ludicrous mode hardware and a different badge.
The battery will be available as an upgrade to P90D Ludicrous owners of both models for $20,000, and to customers who have ordered a P90D, for $10,000. Ludicrous mode originally debuted as a $7,500 hardware upgrade to the P85D, that increased the current from the battery which delivered more power to the motor.
"This has been a very difficult development," Musk said, "going from roughly 90 to a 100" was "more like a 50% increase in difficulty."
Musk said that production volume will be "quite low due to the challenge of making such a complex pack."
"It is quite an expensive car," Musk said,"but it is important to know that this is what is paying for the Model 3" both in terms of financial income, and also in terms of research and development.
The Model 3 is a smaller and a more affordable electric car currently in development.
Oppenheimer's Rusch is still not assured that Tesla's merger with SolarCity will amount to something, and is not bullish on the stock overall. But he does believe the owners of Tesla's high-models will certainly "pony up" for these upgrades.
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