I neglected to include in this comment that the calculation of 108% was for my original battery. I don't know the equivalent number for the 3.0 battery yet because I don't have enough data.
The 3.0 battery behaves differently in Standard Mode than the earlier versions did. Full charge range charge is about 344 miles. Full standard mode charge is roughly 225, but shows up as about 85% charge on the VDS. Switching from standard to range at a given charge level adds 34 miles (10% of full capacity), so that's how much is hidden at the bottom.
A full standard mode charge is 225 + 34 = 259 ideal miles, which is about 75% of the full range mode charge, a much lower percentage than with the original battery.
Given that 225 miles is 85% of the charge meter in standard mode, a standard mode charge meter percentage point is 2.65 ideal miles (= 225 / 0.85 / 100). Charging to full range Mode and switching to standard then would leave it displaying 310 ideal miles (= full charge of 344 - 34 hidden at the bottom) or 117%.
I didn't pay careful attention when I did this, but I think it did what slcasner describes and just stays pegged at full for a long time.
I can't imagine what the engineers were thinking of when they chose this behavior. I get having standard mode run from 100% to 0%, or having the meter always show the true capacity of the battery or of a new battery like on a model S, but I just can't see how they came up with the 85% number.