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Yes the Roadster has a 10% left of battery power limp-mode which might be similar to the Valet mode.
So as stopcrazypp says I assume there are some connection between how much power you can draw from the batteries and the range. Compared to the Roadster I'm sure they are using more powerfull individual cells than the Roadster does, they should be about 20% better for the same price... This might be all it takes if they can make the sedan pretty light, and with a low air resistance.
Cobos
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