ISS sides against two Tesla directors, backs split of Musk's roles

ISS sides against two Tesla directors, backs split of Musk's roles

ISS sides against two Tesla directors, backs split of Musk's roles

Elon Musk loves a Tweet more than just about anyone, and he's been busy this weekend bigging-up the yet to arrive performance take on the new Model 3, a auto Tesla are struggling to get to customers anyway.

Elon Musk finally announced the highly anticipated dual-motor, all-wheel drive, and performance versions of the Tesla Model 3. It manages the same 310 miles of range and 140mph top speed of a long-range Model 3, but drops the 0-60mph time from 5.1 to 4.5 seconds.

Two new all wheel drive (AWD) versions of the Tesla Model 3 will go on sale next month. The company needs three to six months after achieving production of 5,000 units a week before it can ship a US$35,000 Model 3 and survive, he said.

"What we don't know yet, even though these specs are out there, is when those cars will actually be arriving", said Marty Padgett, editorial director at Motor Authority.

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Tesla designed the Model 3 sedan to be a budget offering, but this is still Tesla.

Will "beat anything in its class on a track", tweets Tesla's Musk.

Musk also detailed the dual-motor concept, saying: "Tesla dual motor means there is a motor in the front and a motor in the rear".

According to the chief executive, the performance Model 3 would be priced at $78,000 (circa £58,100), which would put it in line with performance saloons such as the BMW M3.

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The increasingly expensive configurations for the Model 3 are planned steps, if somewhat counter-intuitive ones, toward Musk's vision of Tesla Inc.as a mass-production player with vehicles affordable to a broader swath of buyers. The performance Model 3 also has a top speed of 155 miles per hour. Both models are pricier by far than the current Model 3, but they have an extra motor.

Then there are the almost 500,000 Tesla die-hards who put down $1,000 deposits for what they thought was a vehicle that started at $35,000.

When the new version of the Model 3 will be added is unclear, though there are plenty of folks also waiting for the promised base version of the electric sedan.

Tesla faces a variety of other issues, including a number of lawsuits, charges leveled by the National Labor Relations Board that it fired 1,000 workers to blunt a unionization drive in Fremont, and a series of investigations by federal regulators looking into a series of recent crashes.

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