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| Tesla's Elon Musk says new car battery is a milestone | Tesla's Elon Musk says new car battery is a milestone |
| (35 minutes later) | |
| Tesla Motors has unveiled a new battery pack for the performance versions of its Model S and X cars that will extend the range and mean faster acceleration. | Tesla Motors has unveiled a new battery pack for the performance versions of its Model S and X cars that will extend the range and mean faster acceleration. |
| Elon Musk, chief executive of the electric car maker, hailed the upgraded battery as a "profound milestone". | Elon Musk, chief executive of the electric car maker, hailed the upgraded battery as a "profound milestone". |
| He said the battery cell chemistry is the same, but the reconfigured product stored more energy in the same space. | He said the battery cell chemistry is the same, but the reconfigured product stored more energy in the same space. |
| Tesla, which this month posted a steeper-than-expected loss, is adding a new sedan car to its sports line-up. | Tesla, which this month posted a steeper-than-expected loss, is adding a new sedan car to its sports line-up. |
| Mr Musk claimed that the new 100-kilowatt hour battery pack means high-end versions of the Model S sedan, called the P100D, will be the world's fastest accelerating car in production. | |
| It will do 0-60mph in 2.5 seconds. He said there were faster cars on the market, but these were limited-run vehicles, while the Tesla is aimed at the mass market, he said. | |
| "These are very profound milestones and I think will help convince people around the world that electric is the future," he said on a conference call with journalists. | "These are very profound milestones and I think will help convince people around the world that electric is the future," he said on a conference call with journalists. |
| The new battery extends the range of performance versions of the new Model S well beyond 300 miles (482.8 km), from about 290 miles, Tesla said. | The new battery extends the range of performance versions of the new Model S well beyond 300 miles (482.8 km), from about 290 miles, Tesla said. |
| Mr Musk said that in cool weather, a driver could travel from San Francisco to Los Angeles - a nearly 400 mile drive - without recharging. | Mr Musk said that in cool weather, a driver could travel from San Francisco to Los Angeles - a nearly 400 mile drive - without recharging. |
| In May, Tesla said it was stepping up production plans for its upcoming Model 3 mass-market sedan and would build a total of 500,000 all-electric vehicles in 2018, two years ahead of schedule. | In May, Tesla said it was stepping up production plans for its upcoming Model 3 mass-market sedan and would build a total of 500,000 all-electric vehicles in 2018, two years ahead of schedule. |
| But the company also warned that investment would ramp up as well. | But the company also warned that investment would ramp up as well. |