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Tesla Adds ‘Ludicrous Mode’ for Drivers With Need for Speed

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'Ludicrous Mode': Is Tesla's Model S Upgrade a Big Deal?

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Chief Executive Officer Elon Musk said Tesla Motors Inc. is offering a “Ludicrous Mode” option on its Model S sedan for drivers who think “insane” is too tame, as well as cheaper and longer-range versions.

Musk said the Model S battery can be upgraded to a 90 kilowatt-hour version from the 85 kWh version for $3,000, a move that provides as much as 15 miles of additional range. A new base model with rear-wheel drive will be available for about $70,000, compared with the $75,000 all-wheel-drive version.