Tesla lays claim to world's fastest production car

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

In an industry first, the battery also enables the vehicle to drive an estimated 315 miles on a single charge. DragTimes doesn't offer any technical details about the auto, but it doesn't look like a GT500 or a Cobra Jet to our eyes.

The Tesla Model S deal is for the base Model S 60 variant and imposes a 10,000 mile (16,093.44 kilometre) yearly driving limit. If you're looking to upgrade your existing auto, however, you'll need to fork over $20,000.

Maybe next time, Ford Mustang. The SUV will be able to go from zero to 60 in 2.9 seconds.

More than that, both the Porsche and Ferrari are two-seat supercars, while the Model S is a four door family hauler.

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"You have a seven-seater SUV that beats a McLaren F1, that's nuts", said Musk.

This essentially means that an all-electric vehicle is now the fastest production auto in the world.

In 2015, Tesla announced the production of the power wall, a rechargeable lithium-ion battery for use in homes as back-up power in the event of an outage, and for the storage of power generated through eco-friendly means, such as solar panels. But the old saying "no good thing comes for free" is the case here. The company aims to sell a cheaper Model 3 electric auto in 2017. Customers interested in the option only have until September 12 to take advantage of it, so orders for the Model S and Model X under the shorter lease option should be sent as soon as possible.

That puts the price of the new Model S P100D with Ludicrous mode at $134,000 and the Model X P100D with Ludicrous at $141,000 including delivery but before any options are added or tax incentives are deducted. For example, the Model S has an inbuilt GPS tracking system that allowed not long ago - in 2015 - an owner to direct the police to the thief that stole his ride from Vancouver.

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