FIRST AIRED: August 23, 2016

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Transcript

00:00:01
>> Tesla taking its ludicrous mode to the next level, promising its newest electric cars will accelerate as fast as a Ferrari. CEO Elon Musk hosting a surprise conference call Tuesday introducing a larger battery pack for its model S and X vehicles. That will allow users to travel farther and faster.
00:00:22
The S, in fact, would be the third fastest car in the world with the chops to go 0 to 60 in just 2.5 seconds. Reuters correspondent Alexandria Sage.>> Elon must emphasize what a technological feat it was to expand the battery in this way. Still however, it's unlikely to move the needle in a substantial way in terms of sales because these are going to be very expensive cars.
00:00:49
>> The new and improved Ludicrous Mode will run about $135 grand. Still a bargain compared to sports cars from Ferrari and Porsche that are faster and can cost close to a million or more. Wall Street was only marginally impressed, though. News of the announcement prompted shares to tick up about 2% before they settled back down to just slightly in the black.