Tesla Motors (NASDAQ: TSLA) unveiled its new Model S 70D Wednesday, an all-wheel drive electric car with a 0-60 time of 5.2 seconds and a 240 mile range at 65 mph.

This marks the removal of the Tesla Motors Model S as the company’s lowest end car, further enticing potential buyers. The car will mark a new chapter for the American car maker, ensuring its solid position as the leader in EV market is kept intact.

The new model comes with independently operational front and rear motors, allowing for superb traction and performance, combined with additional extras like the Autopilot hardware, navigation, blind spot detection and many other features. As with every Model S, the 70D will receive free over-the-air updates that add functionality and improve the driving experience for years to come. The updates received by Tesla Motors, available to current and future owners, may help providing additional range, potential new features and other items.

The new model will start at $75,000. In certain cases the Model S 70D will include additional fuel savings and incentives, which make the actual cost of owning Model S 70D about $55k over five years according to Tesla’s numbers (the average length of new car ownership). This is partly achievable, thanks to the Supercharging option included at no additional cost since the option is available included in the base price of this model shown.

The Tesla Model S 70D is available starting today. It is available in three new colors: Ocean Blue, Obsidian Black, and Warm Silver. The current color finishes are also available for ordering with this vehicle, giving would-be owners a nice selection overall.

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