Tesla CEO Elon Musk Unveils ‘Ludicrous Mode:’ 0 to 60 in 2.8 Seconds

Tesla (TSLA) founder Elon Musk announced three new features related to its Model S vehicle on Friday. First, Tesla released a 90 kWh batter pack option, for $3,000. This adds 15 miles, putting the total range on a charge to 300 miles. The battery pack had a previous capacity of 85 kWh. Plus, the 70 kWh rear-wheel drive Model S dropped in price by $5,000 to $70,000 Tesla added a 'ludicrous mode,' which sends passengers from 0-60 mph in 2.8 seconds. When asked about what the upgrades will do for sales, Tesla founder Elon Musk said: 'I have no idea. We are just trying to make awesome cars.' The news sent Tesla shares up over 2 percent. TheStreet's Scott Gamm has details from New York.