Tesla Stock Is Rising After New Model S 70D Reveal
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.
Buyers of the new model will be eligible to claim a federal tax credit that will lower the price tag to $67,500.
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