Today Tesla announced a new "Ludicrous Mode" for its top-of-the-line Model S P85. The new mode reduces the 0-60 MPH time to 2.8 seconds with a quarter mile time of 10.9 seconds. The front engine now has 259 hp while the rear engine is pushing 503 hp. Wow! The new electronics pack that makes Ludicrous Mode possible for the Model S will cost new owners an additional $10,000. Current owners will be able to upgrade their vehicle for $5,000 for the next six months. Tesla CEO Elon Musk said that the new mode pushes the vehicle to 1.1Gs while accelerating and that it's "faster than falling." Musk also introduced a new 90kWh battery pack upgrade for the 85kWh Model S which increases the range five percent for $3,000. The 70 kWh rear-wheel drive Model S also got a price drop to $70,000.