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 / Updated  / Source: NBC News

Tesla's new entry-level sedan comes with an improved battery, all-wheel drive and the ability to go from zero to 60 mph in 5.2 seconds. The Model S 70-D also comes with a higher price tag, starting at $75,000.

Tesla will stop selling the older model, the Model S 60, on Wednesday. It started at $70,000 and featured rear-wheel drive, the ability to go 208 miles on a charge, and could go zero to 60 mph in 5.9 seconds.

The new Model S 70-D will have an increased range of 250 miles, and include Tesla's Autopilot hardware and parking sensors. While the price tag might seem high, Tesla CEO Elon Musk has said that with rebates and savings on gas, it really comes out to around $55,000 over five years.

For those pulling out their wallets right now, the car is also available in three new colors: Ocean Blue, Obsidian Black and Warm Silver. Those waiting for Tesla's Model X SUV will have to wait until "early 2016."

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— Keith Wagstaff