Yep, the inverter would be supplying 346 kW to the motor of which 60% would be mechanical power (211 kW) and 40% resistive losses. The inverter will have no trouble driving 133V to the motor from the > 350V battery.
If you look at the dyno curve, the peak power is near 5,800 RPM which is a fairly low vehicle speed. Tesla just announced a higher top-speed of 162? MPH because they think it's OK for the motor to spin at 19,000 RPM. So that would mean peak power happens at 49 MPH. That is the RPM where you can get peak power, and it is happening near peak current (just as the peak current limit is removed on the dyno curve). So it is NOT happening when "current is low", instead it is at max current and about 1/3 of the voltage available.
I think we are talking two different cases, I'm thinking of when the vehicle is not in motion.