Tesla’s Elon Musk announces new high-performance Model 3 for $78,000

Elon Musk announced details about a high-performance upgrade for Tesla Inc.’s Model 3 electric cars in a series of tweets Saturday night, including one version that more than doubles the sedan’s cost.

Musk announced two new versions of the Model 3, both with dual motors. The performance version will cost around $78,000 and will feature a top speed of 155 mph, and go from 0-60 in 3.5 seconds.

The Tesla chief executive compared the souped-up model to BMW’s high-performance M3, which starts around $67,000. “About same as BMW M3, but 15% quicker & with better handling. Will beat anything in its class on the track,” Musk tweeted.

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