The long-awaited Tesla Model S Plaid has just been announced by the U.S. carmaker and it’s looking to steal the thunder of the Lucid Air.

The new flagship variant of the aging Model S is powered by a trio of electric motors that combine to produce over 1,100 hp. Tesla says it will hit 60 mph (96 km/h) in less than 2 seconds, run down the quarter-mile in less than 9 seconds and hit a 200 mph (320 km/h) top speed. If the acceleration claims prove to be accurate when the car is launched, it will comfortably be the quickest production car ever (until electric hypercars like the Rimac C_Two, Pininfarina Battista, Lotus Evija, and Tesla Roadster) arrive.

A quarter-mile time of less than 9 seconds will also make the Model S Plaid quicker than the forthcoming trio-motor version of the Lucid Air that has recorded a 9.3 second quarter-mile during testing. At the car’s announcement, Elon Musk also revealed it recently lapped WeatherTech Raceway Laguna Seca in 1:30.3, approximately three seconds quicker than a tri-motor Lucid Air prototype. Tesla first lapped Laguna Seca with the Plaid in September last year, setting a best time of 1:36.55. Over the last 12 months, it has clearly extracted much more performance from the EV.

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The Model S Plaid isn’t just the most performance-oriented variant of the Model S, but it also offers the most range and can travel more than 520 miles (836 km) on a single charge, again eclipsing the Lucid Air.

Prices for the Model S Plaid kick off at $139,990 with the first deliveries scheduled for late 2021.

Note: Tesla has yet to release official photos of the 2022 Model S Plaid