Tesla quietly added a new 1,020-horsepower version of the Model X to its lineupthe $120,000 'Plaid' edition (TSLA)

<p><img src="https://static1.businessinsider.com/image/6011e34c6dfbe10018e005f2-1464/Screen Shot 2021-01-27 at 50325 PM.png" border="0" alt="Tesla Model X" data-mce-source="Tesla" data-mce-caption="Tesla Model X."></p><p></p><bi-shortcode id="summary-shortcode" data-type="summary-shortcode" class="mceNonEditable" contenteditable="false">Summary List Placement</bi-shortcode><p>Tesla quietly added a new high-performance version of the Model X SUV to its lineup on Wednesday.&nbsp;</p><p>The new model, the Model X Plaid, comes with a tri-motor setup that puts out 1,020 horsepower, according to Tesla's <a href="https://www.tesla.com/modelx/design#overview">website</a>. It can hit a top speed of 163 mph and sprint to 60 mph in 2.5 seconds, Tesla claims. It will replace the performance version that was previously available, with deliveries set to begin in April, according to Tesla's online configurator.</p><p>The electric vehicle maker estimates the Model X Plaid's range at 341 miles, 19 miles shy of the Long Range version's 360-mile range. It replaces the Model X Performance, which is no longer an option on Tesla's website.&nbsp;</p><p>All that performance comes at a steep price of $119,990, a $30,000 premium over the Long Range Model X, which is the current base model.&nbsp;</p><p><em><strong>Read more:</strong> <a href="https://www.businessinsider.com/tesla-cant-lose-in-2021-with-joe-biden-as-president-2021-1'r=tl-sub">With Joe Biden in the White House, Tesla can't lose in 2021</a></em></p><p>At Tesla's Battery Day presentation in September, CEO Elon Musk announced details of the Model S Plaid, a 1,100-horsepower version of the sedan that Tesla says will be capable of a 200-mph top speed and a 0-60-mph time under two seconds.&nbsp;</p><p>Tesla reported its <a href="https://www.businessinsider.com/tesla-q4-earnings-2020-profit-elon-musk-stock-price-2021-1">fourth-quarter and 2020 earnings</a> on Wednesday, posting yet another profitable quarter and its first profitable year. The carmaker missed Wall Street's earnings expectations by roughly 20%, and shares of Tesla fell on the news.&nbsp;</p><p><em>This story is developing...</em></p><p><strong>SEE ALSO:&nbsp;<a href="https://www.businessinsider.com/spac-mobility-ev-investing-risk-2021-1'r=tl-sub" >Investors looking to Wall Street's SPAC craze to find the next Tesla should watch out for these 2 risks, experts say</a></strong></p><p><a href="https://www.businessinsider.com/tesla-model-x-plaid-first-look-price-specs-range-horsepower-2021-1#comments">Join the conversation about this story &#187;</a></p> <p>NOW WATCH: <a href="https://www.businessinsider.com/why-gucci-clothes-racist-blackface-sambo-2019-2">Why these Gucci clothes are racist</a></p>
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