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Elon Musk has announced a new version of his motoring firm Tesla’s 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.
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.
Tesla dual motor, all-wheel drive performance Model 3:3.5 sec 0-60mph 155 mph Top Speed310 mile Range
— Elon Musk (@elonmusk) May 20, 2018
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.
Cost of all options, wheels, paint, etc is included (apart from Autopilot). Cost is $78k. About same as BMW M3, but 15% quicker & with better handling. Will beat anything in its class on the track.
— Elon Musk (@elonmusk) May 20, 2018
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.
