Business World

Speedy new Tesla boasts range topping 300 miles

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SAN FRANCISCO — Tesla on Tuesday unveiled speedy new model electric cars capable of traveling more than 300 miles (482 kilometers) before needing to be recharged.

A Model S P100D with “Ludicrous mode” was billed by Tesla founder Elon Musk as the third fastest accelerati­ng production car ever made, capable of going from zero to 60 miles per hour in 2.5 seconds.

That is slower only than the LaFerrari and the Porsche 918 Spyder two-seaters, according to Tesla.

In contrast, the Model S P100D sedan has four doors and seating for five adults, two children and some cargo.

A 100-kilowatt battery increases the range to an estimated 315 miles by US regulatory standards, or 613 kilometers by a European Union standard, making it the first electric production vehicle to break the 300-mile barrier, according to Tesla.

The new Model S had a starting price of $135,000.

“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,” the car maker said in a blog post.

The larger battery pack is also available on the Tesla Model X, making the world’s fastest SUV even quicker and giving it a range of up to 289 miles on a charge.

Early this month, Tesla Motors reported a larger secondquar­ter loss than expected as it worked to speed production in the face of strong demand for its electric cars.

Tesla reported a net loss of $293.2 million, or $2.09 per share, in the quarter ended on June 30, up from a $184.2-million loss in the same period a year earlier.

Revenue at the California­based company climbed to $1.27 billion in the second quarter from $955 million a year ago.

Tesla is touting the new models as it faces a wave of bad publicity about self-driving capabiliti­es in its electric vehicles.

A fatal accident in the United States and other less serious incidents in China prompted concerns about the safety of autonomous driving systems, but Tesla remained devoted to improving the technology. —

 ??  ?? A MAN looks at Tesla Motors’ Model S P85 at its showroom in Beijing on Jan. 29, 2014.
A MAN looks at Tesla Motors’ Model S P85 at its showroom in Beijing on Jan. 29, 2014.

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