News
Tesla Model 3 Performance endures 31 hard launches with no throttling
The Tesla Model 3 could be considered as the electric car maker’s endurance champion in its current lineup. Not quite as quick as a Model S or Model X Performance in Ludicrous Plus Mode but capable of being driven hard for extended periods in a racetrack, the Model 3 Performance is a vehicle that has charmed even the staunchest gearheads of motoring media. Top Gear host Chris Harris, for one, described the Model 3 Performance as an “AK-47 disguised as a butter knife” during his review of the vehicle, which he found to be too plain in design compared to comparable ICE cars like the BMW M3. It should be noted that after his review, Harris noted on Twitter that he will be buying a Model 3 Performance for himself soon.
The Model 3’s endurance, both on the track and the highway, has been tested and proven by professionals and enthusiasts alike. Tesla and electric vehicle veteran Bjorn Nyland tested the Model 3 in the Autobahn last June, going flat at full speed in an attempt to overheat the car. He failed. The same is true for other reviewers such as Harris, who pitted the Model 3 Performance against the BMW M3-beating Alfa Romeo Giulia Quadrifoglio in a time attack battle. True to Elon Musk’s statements on Twitter, the Model 3 Performance, thanks to its instant torque that allows the vehicle to launch from 0-60 mph in 3.2 seconds, soundly beat the Giulia Q4 in a closed circuit.
Last week, Porsche made headlines when the company allowed Fifth Gear and Fully Charged host Jonny Smith to take one of its Taycan Turbo pre-production vehicles for a launch mode repeatability test. Conducted on an empty airfield, the test involved the EV veteran launching the Taycan Turbo at max power 26 times with no power throttling. The exhibition was impressive, and it invoked just how much work Porsche has put into the Taycan and its development. The Taycan’s feat also brought comparisons to Tesla’s Model S P100D, which was quicker off the line with its 0-60 mph time of 2.4 seconds, but is prone to limiting its power after multiple max power launches.
After watching the Taycan’s demonstration, Tesla owner Patrick Lawson opted to see if his vehicle, a Tesla Model 3 Performance, could accomplish multiple max power launches without losing power as well. Accompanied by his son, Lawson headed to a (mostly) empty stretch of road to test the endurance of his Model 3. In a message to Teslarati, the Tesla owner noted that with Track Mode on, he figured that his vehicle should be able to perform comparably to the Taycan.
By the 10th 0-60 mph test, Lawson noted that he was already feeling the effects of the Model 3’s multiple hard launches. The father and son duo continued over the next 30 minutes, hitting 31 consecutive launches in the Model 3. At that point, Lawson noted that his son was probably good for about 10 more launches, but that was about all he could handle. Interestingly, the Model 3 Performance, just like the Porsche Taycan Turbo, did not throttle its power at all. The 31st launch registered a 0-60 mph time of 3.11 seconds, which is in the same territory as the Taycan Turbo.
Granted, Lawson’s test did not involve the same parameters as Fully Charged’s test of Porsche’s all-electric car. The Taycan Turbo, for one, performed 26 runs that topped up at speeds of 200 kph (124 mph), while Lawson’s Model 3 Performance test only involved 31 0-60/0-70 mph runs. Nevertheless, it should be noted that the Tesla owner’s tests were conducted on a public road in the United States, which usually have speed limits of around 60-70 mph.
The Tesla Model 3 could be considered, in more ways than one, as a Trojan Horse of sorts. While the vehicle is considered as the “cheaper” Tesla (and this is accurate, of course), and while the vehicle experienced a notable period of anti-selling by the company, the electric car has been showing signs that there is more to it than meets the eye. With track capability and a price point that is notably more affordable than other premium EVs in the market, the Model 3 will likely be the vehicle that ultimately brings electric cars into the mainstream.
Watch Partick Lawson and his son’s Tesla Model 3 Performance 31-launch endurance test in the video below.
Elon Musk has firmly denied recent media reports suggesting that SpaceX has reduced its target valuation for an upcoming initial public offering.
The denial came directly from the SpaceX and Tesla frontman on his social media platform X, where he responded with a single word, “False,” to a post from ZeroHedge that cited Bloomberg sources.
This swift rebuttal underscores Musk’s ongoing effort to manage speculation surrounding one of the most anticipated market debuts in recent history.
False
— Elon Musk (@elonmusk) May 29, 2026
According to the disputed reports, SpaceX had lowered its IPO valuation goal to at least $1.8 trillion from previous ambitions exceeding $2 trillion.
The claims emerged amid growing anticipation for the company’s confidential S-1 filing, which positions it for a potential public listing as early as June.
Some had pointed to strong revenue growth, particularly from the Starlink satellite internet service, which contributed heavily to the firm’s 2025 figures of $18.7 billion. Yet challenges persist in other areas, including substantial investments and losses tied to ambitious projects like Starship development and artificial intelligence initiatives, which plan to make life multiplanetary eventually.
Musk’s response highlights a pattern in which he actively counters what he views as inaccurate portrayals of his companies’ trajectories.
SpaceX, already valued privately at extraordinary levels, stands as a cornerstone of Musk’s empire alongside Tesla and xAI. The entrepreneur has long emphasized the transformative potential of reusable rockets and global broadband access, factors that fuel investor enthusiasm despite operational hurdles.
By rejecting the valuation downgrade narrative, Musk signals confidence in SpaceX’s fundamentals and its readiness for public markets on terms favorable to its long-term vision. People have been waiting a very long time to invest in SpaceX, and the valuation, as well as the introductory share price, is not going to need adjusting.
They’ll have plenty of suitors.
This episode reflects broader dynamics in the technology sector, where rumors often swirl around high-profile entities. Musk’s direct engagement with media narratives serves to maintain transparency and control the narrative around his ventures.
As SpaceX prepares for greater scrutiny in public markets, the founder’s denial reinforces optimism about its prospects. Supporters argue that the company’s innovative edge positions it for enduring success, far beyond short-term valuation debates. With the denial now public, attention turns to forthcoming regulatory filings that could provide clearer insights into SpaceX’s strategy and financial health.
The coming weeks promise to reveal more about how SpaceX will transition into a publicly traded powerhouse.
Tesla’s dreams of operating a fully autonomous ride-hailing platform just took a massive step toward reality, as two separate events have indicated the company is perhaps closer than ever to achieving self-driving as a product.
On Thursday, Tesla was granted authorization by the State of Texas to operate driverless vehicles in a commercial manner. On May 28, Senate Bill 2807, passed by the 89th Texas Legislature, took effect after being passed back on September 1, 2025.
The bill establishes a statewide regulatory framework requiring authorization from the Texas Department of Motor Vehicles for companies to operate automated vehicles commercially on Texas roads.
This covers driverless, or SAE Level 4+, operations for passenger transport, meaning Robotaxi, or freight.
Tesla and other companies can self-certify their vehicles and tech as long as they:
- Operate in compliance with Texas traffic laws
- Maintain proper registration, title, and insurance
- Use compliant automated driving systems
- Record onboard activity and handle system failures and glitches safely.
The new authorization, which was first reported by James Stephenson on X, allows companies to utilize their own processes to determine if their vehicles are ready to operate without drivers.
🚨BREAKING:
Tesla has been authorized by the State of Texas to operate driverless vehicles commercially under the new law that took effect today, May 28th, 2026. Tesla has officially self-certified the software running on its robotaxis as Level 4. $TSLA pic.twitter.com/KSJdsvlaW5— James Stephenson (@ICannot_Enough) May 28, 2026
It is a rule that expedites the entire approval process, keeping agencies out of a usually long, lengthy, and frustrating task that is essential to technological advancements. It essentially means Tesla can launch commercial Robotaxi operations at this point.
On the very same day, Tesla continued the momentum as CEO Elon Musk shared a video of Cybercab units autonomously driving off the property at Gigafactory Texas. This is a major step in the story of the Cybercab.
Mass production of the Cybercab started at Giga Texas in April, and it is already heading out of the factory on its own.
Cybercab driving itself out of the GigaTexas factory pic.twitter.com/EwAMVVDjYy
— Elon Musk (@elonmusk) May 28, 2026
These two major events mark a drastic step forward in Tesla’s progress toward Cybercab and the permissions it needs to operate a self-driving ride-hailing service. Tesla is now able to operate autonomously under Texas law by self-certifying, and with the potentially imminent rollout of Cybercab, Tesla’s autonomous dreams are starting to take serious shape.
Elon Musk
The Tesla and SpaceX merger everyone is talking about is quietly building
Tesla and SpaceX may be closer to merging than Wall Street or either company is admitting.
Elon Musk has reportedly discussed merging Tesla and SpaceX with people close to him, according to CNBC, which cited sources familiar with the conversation. Tesla employees have long expected such a transaction and the topic is openly discussed internally, according to internal sources. With SpaceX is days away from kicking off its Wall Street roadshow for what could be the largest IPO in market history, this would be the first time the company will have public market currency to execute a stock-for-stock deal with Tesla.
The financial logic for a merger would make sense. A combined SpaceX and Tesla would create a conglomerate spanning rockets, satellites, electric vehicles, AI infrastructure, and energy storage valued at roughly $3.35 trillion to $3.6 trillion based on SpaceX’s IPO target range and Tesla’s current market capitalization. The two companies are already more intertwined than most people realize. SpaceX bought $697 million worth of Tesla Megapack systems for xAI data centers and $131 million worth of Cybertrucks. Tesla invested $2 billion in xAI, which subsequently merged with SpaceX. Past transactions also include Tesla selling solar equipment and parts to SpaceX, and SpaceX helping with Cybertruck materials.
Will Tesla join the fold? Predicting a triple merger with SpaceX and xAI
Musk himself signaled where this was heading in November 2025 when he posted on X, “My companies are, surprisingly in some ways, trending towards convergence.” Tesla and SpaceX announced a joint semiconductor fabrication facility in Austin called Terafab on the Gigafactory Texas campus, covering two advanced chip factories, with one serving Tesla’s AI needs for vehicles and Optimus robots, the other targeting space-based data centers under SpaceX’s infrastructure vision.
Wedbush analyst Dan Ives places the probability of a merger at 80% to 90% with a target completion in the first half of 2027. The mechanics of a deal became possible the moment SpaceX filed its S-1. Legal experts said a merger likely would not spark antitrust issues but would raise concerns among shareholders in each company, with questions around which company would be the parent, how a stock swap would take place, and who determines the appropriate price. Musk holds about 20% of Tesla’s equity but controls 85.1% of SpaceX’s voting power through a super-voting share class, meaning he would largely be negotiating the terms with himself.
Not everyone is convinced the timing is imminent. Traders on Kalshi place only 33% odds that a merger will happen before May 2027. The more immediate concern for Tesla shareholders is whether the SpaceX IPO pulls capital and Musk’s attention away from Tesla before any merger consolidates the upside for both.
What is clear is that the structural groundwork is already being laid. The Terafab announcement, the xAI merger, the shared supply chain, the cross-company balance sheet transactions, and now the IPO all point in the same direction. Whether the merger follows in 2027 or later, the two companies are already operating more like divisions of a single entity than independent competitors.
Elon Musk strikes down reports on SpaceX IPO rumors
Tesla’s Robotaxi dreams just took a massive step toward reality
