When Tesla announced last week that it would be holding a press conference on Friday, everyone was psyched to know what it was. Most were hoping that the electric car manufacturer would finally be giving the world a look at the Model X and maybe give more concrete information about its release date.

Tesla has previously announced that the Model X, described as a crossover SUV version of the Model S, will be plying the roads soon, most likely in early 2016.

Motoring enthusiasts first heard of the Model X when Tesla unveiled a prototype way back in 2012. The EV captured the imagination of motorists because of its snappy design, especially its Falcon wing doors.

Tesla was supposed to begin production of the Model X in 2013 but it was delayed due to technical issues and Elon Musk's desire to ensure that the car's key features, like the wing doors and sliding rear seats, were all optimized and working properly.

While Tesla's CEO did admit that the Model X was "hard to engineer and it's hard to produce," it slowly but surely made its way to the production line and the company began the year with 20,000 reservations for the Model X. The goal was to deliver 55,000 units of the Model S and the Model X this year.

But as it turns out, Musk did not have anything new to say about the Model X or its release date. But he did have plenty to say about the three new options that are available for the Model S — a longer battery range, a more affordable price and a "Ludicrous Mode" that would send the sedan careening from 0 to 60 mph in just 2.8 seconds.

During the press conference, the 44-year-old Musk explained that drivers will now be able to upgrade their Model S battery pack from an 85 kilowatt-hour pack to a 90 kilowatt-hour battery pack. He also announced that Tesla will be coming out with a more affordable Model S in the $70,000 price range.

But what really drew a lot of interest was Musk's announcement that Tesla will be offering a performance upgrade that he calls the "Ludicrous Mode," which allows drivers to go from 0 to 60 mph in 2.8 seconds. And drivers who want that mode would have to shell out an extra $10,000.