11:38 There is of course one speed faster than ludicrous, but that is reserved for the next generation Roadster in 4 years: Maximum Plaid! See you later!

(Full Audio below)

11:36 Weight improvements? .20 engineering changes happen per week. Always happening.

11:34 “No one asked for ludicrous mode…it’s too ludicrous” It was Tesla Engineers who wanted it because it is fun and exciting.

11:33: Body redesign for Model S? No comment. Focus is on X. 30% of the car is the same between the cars.

11:30 1300A-1500A Ludicrous mode is from 30mph to 60mph. (0-30 is tire traction limited)

11:28 Battery upgrades: 5-10% increase every 1-2 years in battery packs increases. Musk expects customers to upgrade every 3-4 years.

11:25 V. 7.0 Works well on Musk’s car. If markings aren’t clear some issues. Using 405 in LA as the acid test. If it can make it there, it can make it anywhere.

11:22 Ludicrous Mode will be on Model X. Model X will be 10% heavier

11:21 Gross Margins- Musk feels good about all of the lower and higher options

11:19 Additional sales on pack? Maybe!

11:18 Cornering question. Musk explains why Model S is great at handling already. 1G. Low gravity. Ludicrous mode acceleration. is 1.1Gs – faster than falling.

11:16: Questions: Roadster updated pack is getting safety validation. Finished this month or early next. 1st packs late next month

11:15 Ludicrous Mode: 2.8 seconds 0-60. 1300-1500Amps allows the 10% acceleration improvement. 10.9 sec 1/4 mile. 10K for new owners. 5K for current owners

11:13: Tesla hopes to increase packs 5%/year

11:12: Musk starting – 3 announcements

1: Upgrade battery pack 90kWh ($3000 upgrade for current owners) 300 miles of highway range at 65mph

2: They are going to offer a 70kWh car for $70K

3. Upgrade high performance Ludicrous mode. 2.8 Seconds

11:10 : We’re on!

11:00am PT – Ludicrous is still playing.

We’re dialed into the Tesla call and will have the play by play of today’s announcement.

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