I believe hypercars are typically much more limited in supply than even supercars. With respects to the timeline that they get developed in, the technology in them is so bonkers that it basically makes them modern marvels. I doubt there is anything stopping Tesla calling the Model S a hypercar, but I don't even know if they would want to be in that 'market'.

Why did you phrase your question in a way that implies it'd be ridiculous to call the Model S a hypercar? The Plaid edition set new world records for both 0-60 and 1/4 mile times among production cars.

A rocket sled accelerates very quickly too; that doesn't make it a competitor to Ferrari and Lamborghini.

The Model S seems analogous to quartz watches, that meant expensive watches couldn't compete on accuracy any more, but that doesn't make it a hypercar even if it were to make them obsolete.

This wasn't meant to be an attack to Tesla, it was just a random car model I chose. And in terms of price the plaid is far off from the other commonly accepted hypercars.