Tesla has unveiled the updated Model 3 Performance, which leverages their “latest manufacturing and engineering capabilities.” The company says the end result is a “perfect, high-performance daily driver.”

Jumping right in, the car features a new performance drive unit that delivers a 22% improvement in continuous power as well as a 32% improvement in peak power. Peak torque also climbs 16%, while energy consumption has been reduced by approximately 2%.

Thanks to these changes, the car now has 510 hp (380 kW / 517 PS) and 546 lb-ft (741 Nm) of torque. This enables the car to rocket from 0-60 mph (0-96 km/h) in 2.9 seconds, before hitting a top speed of 163 mph (262 km/h). Tesla also said the model has a range of 296 miles (476 km).

Besides the upgraded powertrain, Tesla said they “built a more capable, performance-oriented chassis.” The company didn’t go into many specifics, but said the car has been equipped with bespoke components that reduce mass and improve stiffness. Among the highlights are “adaptive dampers with hollow damper piston rods, multi-sectioned stabilizer bar, ultra-high strength steel springs, and stiffer suspension top mounts.”

Developing …