Elon Musk has previously promised the car will make an M3 look slow, so we're excited to see what's in store.
Tesla will add a Track Mode to the Model 3 Performance, with a looser stability control tune and more immediate power delivery for a bit of tail-out fun.
The feature, which is still being tested, was revealed by YouTuber Marques Brownlee during a brief preview drive of the car, and has since been confirmed in a statement provided to Motor Authority.
According to the US publication, tweaks to the Tesla in-house vehicle-dynamics controller (VDC) will change the torque distribution on offer from the dual-motor setup. Clever rear brake modulation is designed to mimic a limited-slip differential, while there are also changes to the car's cooling and regenerative braking systems for track work.
As we learned when Tiff Needell took a track-prepped Model S for a spin in Spain, cooling will be a big part of the challenge for any electric vehicle on the racetrack.
There's no official word on when the Track Mode update will hit the Model 3 Performance, which itself has only recently started shipping. Tesla said it's still working on the setting, so we'd bank on it rolling out as part of an over-the-air update in the coming months.
With two electric motors offering a claimed 3.5-second 0-60mph (0-97km/h) sprint, and a top speed of 250km/h, the hottest Model 3 won't quite accelerate like its Ludicrous bigger brothers.
What it will do, according to Elon Musk, is beat "anything in its class on the track". Based on price, it'll be facing off against the BMW M4 and Mercedes-AMG C63 in the USA, so that's not a small claim.
The car will get 20-inch alloy wheels, a carbon-fibre rear spoiler, black-and-white interior trim and the extra motor, naturally. Beyond its claimed performance, the dual-motor Model 3 promises a range of 500km per charge. We'd suggest you won't get close to that on the track.