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How Tesla Model 3 Performance stacks up against track legends in its class
This past weekend, Tesla CEO Elon Musk revealed the price and specifications of the Model 3 Performance with Dual-Motor AWD. According to Elon Musk, the Model 3 Performance will cost $78,000 with all options except Autopilot. The vehicle has a top speed of 155 mph, is capable of sprinting from 0-60 mph in 3.5 seconds, and is capable of traveling 310 miles on a single charge.
With Autopilot and Full Self-Driving added, the cost of the Model 3 Performance shoots up to $86,000, and with the possibility of an upcoming Ludicrous Mode upgrade ($7,500 for the Model S P85D and $10,000 for the Model S P90D), the price of the vehicle would likely be dangerously close, or even surpass the $90,000 barrier. While these prices are a far departure from the car’s $35,000 base price, they are, nevertheless, reasonable.
One thing to note when looking at the Model 3 Performance is Tesla’s target demographic. The vehicle is being marketed to car enthusiasts who are looking for a high-performance vehicle that is quick off the line and nimble on the corners. A clue regarding this could be found on Elon Musk’s own statements on Twitter.
Cost of all options, wheels, paint, etc is included (apart from Autopilot). Cost is $78k. About same as BMW M3, but 15% quicker & with better handling. Will beat anything in its class on the track.
— Elon Musk (@elonmusk) May 20, 2018
Musk’s specific mention of the Model 3 Performance’s capabilities on the track is particularly noteworthy. Tesla’s electric cars, such as the Model S P100D, after all, have largely been formidable in straight-line races, but not so much in extended track driving. As could be seen in instances of the Model 3 being driven on a track, however, this particular limitation does not seem to exist in Tesla’s newest vehicle.
Earlier this year, the Model 3 was taken to the Laguna Seca Raceway, where it completed nine laps without limiting its power. Last month, a Model 3 took on an Autocross course, where it performed equally well without any heating issues. Earlier this month, a Model 3 took on another course, showing off its acceleration and cornering in a quick lap. All these vehicles performed far better on the track than the Model S or Model X. None of them were specifically tuned for performance.
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With the Model 3 Performance, Tesla is trying to breach into the track driving market. Musk’s tweet specifically mentioned the BMW M3 — a legend on the track — stating that the Model 3 Performance will be roughly 15% quicker. This places the Model 3 Performance in the same league as the Mercedes AMG C 63 S Coupe, Audi RS5, and of course, the BMW M3. Compared to the cost of the fully-loaded options for these vehicles, the compact electric car is actually more affordable.
Take the Mercedes AMG C 63 S Coupe, for example. A fully-loaded version of the car costs just slightly over $106,000. A fully-loaded BMW M3? $91,759. As for the Audi RS5, a fully-loaded version will set back owners $93,325. With this in mind, the Model 3 Performance’s $78,000 price is actually a pretty good steal.
Specs-wise, the Mercedes AMG C 63 S Coupe is equipped with a twin-turbocharged and intercooled DOHC 32-valve V8 engine. The vehicle has a top speed of 180 mph and is capable of sprinting from 0-60 mph in 3.8 secs. The BMW M3, on the other hand, is equipped with a twin-turbocharged and intercooled DOHC 24-valve inline-6 engine. This gives the BMW M3 a top speed of 163 mph and a 0-60 mph time of 4.0 seconds. As for the Audi RS5, the high-performance vehicle is fitted with a twin-turbocharged and intercooled DOHC 24-valve V6, which gives the car a top speed of 174 mph and a 0-60 mph time of 3.9 seconds.
When looking at the Model 3 Performance, it is pertinent to note that Tesla is not marketing the vehicle to the same demographic as the electric car’s $35,000 standard range version. The base Model 3 is designed to be an affordable electric car that is as stylish as it is capable. The Model 3 Performance is a vehicle designed to to be comparable to some of the best cars in its class. Apart from sharing the same frame and the same interior, the $35,000 base Model 3 and the $78,000 Model 3 Performance are two electric cars that could not be any more different.
Elon Musk has updated his timeline for when humans will walk on Mars and for when ships will simply get there.
The objective of getting to Mars has been one of Musk’s biggest goals since becoming a serial entrepreneur and realizing that time on Earth is limited. Musk has said several times he hopes to die on Mars, and not by impact.
Musk now believes that people will be on Mars in “roughly 5 to 7 years.” He said that a Mars lander will get there “a few years sooner.”
People on Mars in roughly 5 to 7 years.
Mars lander a few years sooner.
— Elon Musk (@elonmusk) July 29, 2026
The response from Musk comes after NASA Administrator Jared Isaacman said that SpaceX’s biggest priority is the Moon and not Mars. Because of this, Isaacman conceded that he believes nuclear power and propulsion investments will provide “potentially the pathway with the fewest miracles required to put four people on Mars in the next 10 to 15 years.”
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Of course, this is what NASA can do through taxpayer funding and nuclear investments, he added.
Musk’s grand ambitions are much more optimistic than most, and it is certainly a double-edged sword. This is not the first time timelines for Mars have been somewhat lofty, especially to those normal thinkers like you and me, not super geniuses like Musk.
In fact, the SpaceX and Tesla frontman has said on at least a dozen occasions that we could be on Mars in the coming years. Musk said 2020 would be the big year as early as 2009. In 2020, he was “highly confident” of a landing in 2026, and had even said 2024 in a best-case scenario.
The point is, the range has varied, and it’s anyone’s guess when we’ll get there. This latest adjustment to the timeline is typical of Musk, and while the Moon has seemingly taken priority over Mars, it is still worth mentioning that the ultimate goal is to make life multiplanetary, and it starts potentially with the Red Planet.
SpaceX (NASDAQ: SPCX) got an absolutely crazy price target rating from Raymond James after the company experienced a tough first few weeks following its Initial Public Offering (IPO).
Despite the tumultuous start, SpaceX has plenty of believers, and the company’s massively successful Starship launch last Friday, its 13th test flight of the massive rocket, went so smoothly that Raymond James analysts pushed its price target on the company to roughly 7 times its current trading level.
SpaceX Starship just nailed something it’s never done before
The firm officially put a “Strong Buy” rating and an $800 price target on the stock. It currently trades at around $113. Its all-time high is $225.64, reaching this trading level shortly after shares first went public.
Raymond James’ price target is tied to the firm’s confidence after Starship’s 13th test flight. Analysts at the firm said it was an incremental step that reduces engineering risks, citing the widely successful heat shield test that CEO Elon Musk recently detailed, the smooth deployment of Starlink V3 satellites, and a successful in-space engine relight.
SpaceX also managed to see Starship splash down safely in the Indian Ocean, while the Super Heavy Booster fell down to the Gulf of America with no incidents.
It is interesting to see these launches have such a tremendous impact on the stock and what investors think of it. After SpaceX initially delayed the Starship launch last week, shares fell tremendously. Most probably did not realize that the stand-down is a standard practice, especially if everything is not perfect.
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The mission was initially aborted due to an issue with Raptor engines. This was resolved, and Starship launched last Friday after another delay on Thursday, which was caused by weather.
Now that analysts have seen what SpaceX launches are capable of and how impressive the feat is, firms are adjusting their price targets accordingly, making it known that they have high expectations for the space exploration company.
Tesla CEO Elon Musk has responded to reports that Volvo is officially discontinuing the LiDAR sensor on two of its cars.
Volvo announced that it would officially scrap LiDAR systems on its EX90 and ES90 vehicles in various markets. In Norway, owners will get a €1,800 compensation for features that will never arrive due to this decision. There will be no option to remove the unit from vehicles, either.
The issue stems from Volvo’s supplier, Luminar, and its bankruptcy filing. Luminar will no longer be able to supply LiDAR units to Volvo for the EX90 and ES90, effectively axing any use the unit has on vehicles. Volvo will phase out the data collection processes via the LiDAR system, and it will not be utilized whatsoever.
Musk saw the story on X and responded, stating:
“I did try to warn them. Humans drive using neural nets and optical sensors. Same is true for robot cars.”
I did try to warn them.
Humans drive using neural nets and optical sensors. Same is true for robot cars.
— Elon Musk (@elonmusk) July 29, 2026
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Musk has been publicly vocal about his disdain for LiDAR systems, once calling them “a fool’s errand,” as he has consistently kept the outlook that they are not needed for effective self-driving.
The typical example used as evidence for this by Musk is humans themselves: made with only eyes and memories, humans are capable of navigating a car by using what they can see and what they’ve personally experienced on the road.
Elon Musk argues lidar and radar make self driving cars more dangerous
“Same is true for robot cars,” Musk says, as Teslas have eight exterior cameras that help see everything surrounding the vehicle, and a neural network that analyzes behavior and tendencies with every mile driven.
Tesla is a vision-only self-driving company that ditched sensors and radar several years ago in favor of cameras. Behind this effort, the company has established a reputation for having one of the most robust self-driving platforms in the world.
Musk’s big bet with Tesla on its self-driving program’s strategy has widely paid off. Other companies continue to utilize things like LiDAR, radar, and sensors for effective self-driving, but Tesla has shown that there is more than one way to give consumers a strong and accurate driver assistance suite.
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The real question is: who will be the first company to take Musk’s advice and attempt a self-driving platform based on cameras only, or even license FSD for themselves?
Elon Musk updates the SpaceX timeline for Mars
SpaceX gets an absolutely crazy price target after rough IPO
