Watch Jaguar unveil its first all-electric vehicle, designed to take on Tesla Model X

FAN Editor

Jaguar revealed its first battery electric vehicle on Thursday, and it appears to be a direct competitor to the Tesla Model X sport utility vehicle.

During the reveal on Thursday, Jaguar even staged races between the two vehicles.

Like the Tesla Model X and Model S, the car is powered by two electric motors. Like a Tesla it has a trunk where the engine would otherwise be.

Notably, the car is available now.

“As of this moment, it is available to own,” said presenter Jack Whitehall, at the unveiling event held at the Jaguar Land Rover manufacturing facility in Graz, Austria.

The car has a single speed automatic transmission, common in electric vehicles. Jaguar estimates the car has 240 miles of range on a single charge. It goes 0-60 in 4.5 seconds.

Jaguar designed the battery to last 10 years, said designer Ian Callum.

The car is also loaded with tech on the inside, including integration with Amazon Alexa.

The I-PACE first debuted as a concept vehicle in 2016, but now the vehicle will enter production. Thousands of customers have already expressed interest in the I-PACE, Jaguar said.

The I-PACE’s battery will be capable of reaching an 80 percent charge in just 40 minutes, Jaguar said, and the vehicle has been tested in temperatures ranging from -40 degrees to 104 degrees.

The official public debut of I-PACE will be at the Geneva Motor Show on March 6.

— CNBC’s Lora Kolodny contributed to this article.

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