I reckon rotor cooling is the limiting factor. It seems (in my estimation) to be relatively easy to efficiently liquid cool the inverter IGBTs, motor windings and battery cells compared to cooling a spinning copper drum being heated by eddy currents inside a sealed metal oven.
I did read somewhere that the new drive unit has liquid cooling of the rotor; not sure if this is true, or if so how it is accomplished. Fluid could only enter through the shaft, whereas it's the copper outer that needs to be cooled.
I'm pretty sure the inner rotor is the biggest heat issue.
It's been posted on the forum that this is in fact true - coolant runs through the shaft. Still, it's gonna be hard to extract all that heat quickly. The Roadster's motor is the first to overheat on the track, so it's almost certainly true for the Model S as well. The big difference is that the Model S cools down much faster when you pull into the pits.