Watching out for exciting and potentially groundbreaking news releases by a company which could raise its share value is part and parcel of successful conventional or online stock trading. Here’s a really attractive bit of news that is likely to get investors hooked up. Tesla Motors (NASDAQ: TSLA) is relying on sheer technology to up its game and raise its value in the stock market.
The Model S P100D’s Claims to Fame
Tesla ($TSLA) has announced its fastest production car ever, the Model S P100D:
- With a 0-60mph time of just within 2.5 seconds, this model brings Tesla into the realm of supercars with Porsche, Ferrari, McLaren, Lamborghini and other exotic car manufacturers for company, except that neither of those is battery-powered.
- Another point of difference is that the Model S P100D is mass produced, unlike many of the aforementioned supercar manufacturers that produce limited edition high speed versions of their models.
- Moreover, the Porsche 918 Spyder and Ferrari LaFerrari - two cars which Tesla has quoted as being faster accelerating than its P100D - are exotic supercars seating only two people with hardly any room for luggage. Tesla says that its P100D is a passenger car capable of seating 5 and with adequate luggage space in the hood.
There are somewhat equally accelerating cars such as the:
- Bugatti Veyron Super Sport which holds the title of being the fastest production and road-legal car ever
- Bugatti’s newly launched Chiron
- The Porsche 991 Turbo S
- Other supercars that are perhaps faster in terms of outright top speed
But Tesla’s Model S P100D is third or fourth fastest in terms of acceleration, with the aforementioned 2.5 seconds required for a 0-60mph dash. That’s impressive, to say the least, for an electric car.
Technology behind the Phenomenal Acceleration
This acceleration is only possible when the car is in a driving mode aptly called Ludicrous, engaged by the driver. This gives phenomenal acceleration thanks to the battery being able to generate more power because of an advanced fuse system. The Model S P100D is equipped with the largest battery offered by Tesla till now, a 100 kilowatt hour one. When the car is not in Ludicrous mode, this large battery enables it to be driven for a massive 315 miles on just a single charge.
The Ludicrous mode is also available in the Model X P100D crossover. It has a 0-60mph acceleration time of 2.9 seconds with a battery charge range of 289 miles.
The Cost Factor
All this technology does not come cheap, and Tesla admits it. Prices for the Model S begin at $134,500 while for the Model X they commence at $135,500. But considering its acceleration times, the S P100D is a cheaper proposition since the Porsche 918 Spyder and Ferrari LaFerrari that have faster acceleration times cost $845,000 and $1.4 million respectively! Still, Musk admits the car is expensive for a Tesla. But he reveals that the income from the sales of the Model S P100D and Model X P100D will ironically be channeled to the development of the company’s still-to-be-launched, most affordable car, the Model 3 which will take the Tesla battery technology to the masses and would sell from $35,000 onwards!
The announcement shot up the company’s share price on Tuesday, and the day ended at $224.84 which was 1% higher than the price it opened with. And the announcement couldn’t come at a better time, since it takes the attention of the media and public away from the controversy involving the fatal crash involving the Model S autopilot feature.
With TradeZero’s insights and superior trading software, you’ll always be in touch with the market and be prepared when groundbreaking news such as this arrives. To learn more, get in touch with us at +1 954-944-3885 or email firstname.lastname@example.org.
The content provided here is solely for informational and educational purposes and does not constitute an offer to sell or a solicitation to buy any security or instrument which may be referenced upon the site, or an offer to provide advisory or other services by TradeZero in any jurisdiction in which such offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Investors are advised not to rely on the information contained in this writing to make an informed investment or financial decision. TradeZero explicitly disclaims all liability for any action taken based on any information contained in this writing.