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Tesla Stock Is Rising After New Model S 70D Reveal

Tesla Stock Is Rising After New Model S 70D Reveal
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Shares of Tesla Motors Inc (NASDAQ: TSLA) rose more than 3 percent during Wednesday's pre-market trading session after the company announced a new $75,000 car called the Tesla Model S 70D.

The D refers to the car's dual motor, a standard option on the new model. The car also has an all-wheel-drive, delivering 514 horsepower with a 0-60 acceleration time of 5.2 seconds. It will come equipped with a 70 KW-Hour battery and a 240 mile driving range.

Related Link: The 21 Most Inspirational Elon Musk Quotes

Buyers of the new model will be eligible to claim a federal tax credit that will lower the price tag to $67,500.

As of 8:07 a.m. ET on Wednesday, Tesla's website indicated it was "temporarily offline for maintenance." By 8:15 a.m., the site returned online with a blog post detailing the new vehicle.

Posted-In: electric vehicles Tesla Model S 70DNews Best of Benzinga


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