Elon Musk announces new-high performance Tesla Model 3

A new version of the electric car is on the way.

Press Association
Last updated: 23 May 2018 - 9.55am

Elon Musk has announced a new high-performance version of the Tesla Model 3, which he claims will reach 60mph in just 3.5 seconds.

Tweeting the news, Musk said the new version of the Model 3 would be dual-motor and all-wheel drive – with the second motor added to drive the rear wheels.

[Read more: 13 things you didn't know about Elon Musk]

The new version of the Model 3 would also have a top speed of 155mph and would have a range of up to 310 miles, the entrepreneur said.

As Musk himself hints in a series of tweets, Tesla is looking to take on the established BMW M3 with its new Model 3, as the company looks to move towards profitability after a range of issues around its production line.

The company reported a loss of more than £500 million in its most recent financial results but is predicting to reach growth by the end of the financial year.

Tesla production has struggled to meet demand at times in recent years, with Musk blaming “bottlenecks” on the production line partly on automation slowing the process down at times.

“Humans are underrated”, he said in a tweet on the subject in April.

[Read more: Everything you need to know about electric cars]

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