The $3 million Bugatti Chiron just set a new speed record

We all know the Bugatti Chiron is capable of some truly incredible performance. Business Insider recently had the chance to drive to a Chiron and can confirm that a 0-120 mph run for the Bugatti is about as effortless as a jog over to McDonald's for some McNuggets would be for Usain Bolt. Needless to say, there are a few more gears left to explore.

On Monday, Bugatti once again demonstrated the awesome capabilities of its newest car with a record setting run that saw the Chiron accelerate from a standstill to 400 kph (249 mph) and then come to a stop in just 41.96 seconds.

In the process, the Chiron became the fastest production vehicle to ever complete this type of run.

"Bugatti is the first car brand that not only calculates how fast a car can go from zero to 400 to zero on a computer. We actually drove it," Bugatti Automobiles president Wolfgang Dürheimer said in a statement. "Where others are satisfied with theory, we validate our data with real-life values. Just like we did with the Chiron."

Bugatti conducted the test in August with former Formula One, IndyCar, and NASCAR star Juan Pablo Montoya at the controls of the $3 million, 1,500 horsepower beast. (Our Chiron test car had about $500,000 worth of options which pushed the price up to $3.5 million.)

According to Bugatti, Montoya needed just 32.6 seconds and a little over 1.6 miles to get the Chiron up to 249 mph. Another 9.3 seconds and 1,600 feet later, the Bugatti was back at a standstill. In total, the Chiron's 0-249-0 run required just a tad over 10,000 feet of real estate.