Tesla's previous Insane Mode pushed the Model S Performance to 0 - 60mph in 3.2 second. Musk said that customers love insane mode and with a chuckle noted that, "no one asked for Ludicrous mode because it's too ludicrous." He added that the company figured out how to go beyond Insane Mode and decided, "we should release that."

Then Tesla teased an entirely new car according to Musk in today's press release: "There is of course one speed faster than ludicrous, but that is reserved for the next generation Roadster in 4 years: maximum plaid." Not sure if he's joking about Maximum Plaid, but a new roadster is exciting news for folks wanting speed in a tiny package.

Model S product call at 11 today. Rocket discussion at noon on Monday. — Elon Musk (@elonmusk) July 17, 2015

Earlier today Musk announced that in addition to today's news, there will be a discussion about SpaceX rockets on Monday. A Falcon 9 rocket explosion in June put the company's launch schedule on hold for a few months. Monday's will probably be about the Falcon 9 accident and when SpaceX expects to resume it rocket launches.