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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.
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.
Tesla has apparently revised the policy it previously had listed for Full Self-Driving transfers on the newest All-Wheel-Drive Cybertruck that the company had sold for a steal price of just $59,000 earlier this year.
After initially stating that customers who bought the pickup would be able to transfer FSD purchases, Tesla recently changed the language in those terms and conditions to reflect that this would no longer be the case.
Tesla launches new Cybertruck trim with more features than ever for a low price
The adjustment in terminology has caused a handful of orderers to cancel their reservations due to the loss of FSD transfer:
Just cancelled my 59k CT order today. My screenshot from that day of order (feb 20th) clearly shows that it would be eligible.
Terms were retroactively modified. Our 2020 Y and 2023 S are just fine for now. pic.twitter.com/D9PFnId1B4
— Ryan Scanlan 👥 (@Xenius) June 8, 2026
Tesla said orders for the new Cybertruck AWD must be placed by March 31, 2026, to qualify for the FSD transfer. The language in the document from earlier this year explicitly states that they “may qualify” for the transfer program, but the date of March 31 is explicitly mentioned.
Additionally, Tesla Delivery Advisors reached out to some orderers of the AWD Cybertruck, who were told there was “an update to the eligibility of the Full Self-Driving (Supervised) transfer.” Tesla stated they could:
- proceed without the transfer,
- upgrade to a Premium or Cyberbeast trim and request an FSD Transfer
- cancel the order and be refunded the $250 order fee.
Tesla turning around and changing these terms will undoubtedly result in a handful of cancellations on the part of those who have placed an order for this truck. They could pay $99 per month for an FSD subscription, which is now the only option available, but having purchased the suite outright on another vehicle and being told the transfer policy would be upheld, only to have it cancelled, is a tough pill to swallow.
These moves were also made by Tesla just before deliveries were set to begin on the Cybertruck AWD configuration. Reservation holders have started receiving VINs for their trucks, and Tesla is preparing to hand over the first units.
It’s a disappointing move from Tesla that will undoubtedly make some of its fans who have bought the truck frustrated.
In the world of autonomous ride-hailing, there are only a handful of names. Among those few companies lies a strategy play by each to keep the opposition on their toes. Tesla, on the other hand, already tipped its hand at where it is headed next.
Tesla has signaled its next major push in the autonomous ride-hailing market by filing for an Autonomous Vehicle Network Company permit in Nevada (Docket 26-05015). Through Tesla Robotaxi, LLC, the company seeks approval to operate up to 5,000 robotaxis in Clark County, including high-traffic areas like Las Vegas and Henderson airports, within the first 12 months of launch.
This filing builds on Tesla’s earlier testing approvals from the Nevada DMV in September 2025 and preparations such as maintenance hubs in the Las Vegas area. Nevada represents a strategic expansion into a major tourist destination, where high visitor volumes could drive strong utilization and showcase the reliability of unsupervised autonomy to a broad audience.
We’d have to assume this means Tesla is targeting Las Vegas, and it’s a great move from a business perspective.
Vegas is such a melting pot of people from all around the country and the world. It will expose people from all corners of the globe to Tesla’s autonomy capabilities https://t.co/Qz3fQmhULF pic.twitter.com/Du5pj2RyWC
— TESLARATI (@Teslarati) June 6, 2026
Approval would mark a significant step toward commercial operations in a new state, following progress in Texas.
Tesla’s shareholder decks and earnings calls have clearly outlined these ambitions. In the Q4 2025 shareholder deck, the company listed planned Robotaxi coverage for the first half of 2026, explicitly naming Las Vegas alongside Phoenix, Miami, Orlando, and Tampa, with Dallas and Houston already advancing. Austin was noted as “ramping unsupervised,” while the Bay Area remained in safety-driver mode.
By Q1 2026, the deck updated statuses to reflect launches in Dallas and Houston, with “preparations underway” for the remaining cities, including Las Vegas. Paid Robotaxi miles nearly doubled sequentially in Q1, underscoring momentum even as broader timelines adjusted slightly for regulatory and operational readiness.
On earnings calls, CEO Elon Musk and executives have emphasized a phased rollout prioritizing safety. Unsupervised operations in Texas have shown strong results with no reported accidents or injuries in the program. Tesla continues groundwork in additional major U.S. metros through testing and permitting, positioning it to scale quickly once approvals clear.
This Nevada move aligns with Tesla’s vision of transforming from an EV maker into an AI and robotics leader. The forthcoming Cybercab, which started production at Giga Texas in April, is expected to eventually dominate the fleet, replacing many Model Y vehicles and driving down costs to enable affordable rides.
For investors and the industry, this signals Tesla’s intent to dominate key Sun Belt and tourist markets where weather, regulations, and demand favor rapid scaling. Success in Las Vegas could validate the model for denser urban and high-tourism environments, accelerating the shift toward a future where robotaxis generate meaningful revenue.
Las Vegas will also expand knowledge among the general public at Tesla’s capabilities, helping people experience driverless ride-hailing from several companies during their time on The Strip.
Investor's Corner
Tesla just did something in South Korea that no foreign carmaker has ever done
Tesla’s Model Y just became South Korea’s best-selling car, beating every domestic model in May.
Tesla did something last month that no foreign car has ever done in South Korea by outselling every vehicle in the country, domestic or imported, finishing the month with Model Y as the single best-selling car across the entire Korean market. According to data from the Korea Automobile Importers and Distributors Association released on June 4, the Model Y recorded 8,762 units sold in May, pushing the Kia Sorento into second place at 7,836 units and the Hyundai Grandeur into third at 5,183 units. It is the first time an imported vehicle has outsold every domestic model on a single-month basis.
Tesla imported 10,866 cars into South Korea in May, making it the top import brand for the fourth consecutive month. BMW followed at 6,555 units, less than two-thirds of Tesla’s total, while BYD registered just 1,032 units. The combined domestic sales of GM Korea, Renault Korea, and KG Mobility last month totaled just 7,019 units, meaning a single Tesla model outsold three Korean automakers combined.
Tesla FSD earns high praise in South Korea’s real-world autonomous driving test
South Korea has historically been one of the hardest markets for foreign automakers to crack. Hyundai and Kia together control close to 70% of the overall market and carry deep consumer loyalty built over decades. Tesla’s path into this market was an uphill battle due to high import duties, limited service infrastructure, and early skepticism about charging networks. In 2024, the Model Y was the best-selling imported car in South Korea with 18,717 units for the full year. By 2025, after the Juniper refresh, it cleared 50,000 units and took the top spot among all EVs.
Year to date, Tesla has a 250.8% increase in the country over the same period last year, and now holds a 30.8% share of the entire imported car segment for 2026. EVs as a category represented 48.6% of all imported passenger car registrations in May. As Teslarati has reported, the Juniper refresh brought meaningful improvements to range, interior quality, and ride refinement that addressed the most common criticisms of earlier Model Y versions. Those upgrades appear to be resonating in markets like South Korea where buyers compare Tesla directly against high end domestic competitors.
Tesla revises FSD transfer policy on new Cybertruck trim, causing cancellations
Tesla tipped its hand at where Robotaxi is heading next
