Some would say that the Tesla Model 3 has opened doors for the EV industry in the mainstream passenger car market. To an experienced professional driver like John Chambers, the Tesla Model 3 might be more than just a good passenger car.
“I do think, if you want to take a car on track, I think the Model 3 is the best car,” Tevo Solutions founder John Chambers told Teslarati.
Chambers explained that the size of the Model 3 was a good fit for the track. “Because the Model 3 now is easily the match of any car of that size when we take it on track. There’s nothing that could stay with it,” he said. And that’s including gas or petrol cars.
Chambers is a long-time car enthusiast who can remember the days when there were no track barriers between the spectators and the cars on the racecourse. He’s been behind the wheel of some successful track runs, under the hood optimizing race cars, and even mentored the next generation of racers throughout his career thus far. Now, he wants to help people understand Tesla and other EVs better, too.
He is excited to see a Model 3 with a Taycan on the track during Tevo Solutions’ EV-only track day at the Llandow Circuit in the United Kingdom. Chambers believes it would be an excellent chance to compare the two EVs along with the opportunity to see and experience other electric vehicles, too.
Although, he did distinguish that a track day in the UK is not competitive. It is a day for drivers to learn more about their vehicles and learn slightly more advanced driving skills.
As more car owners transition to electric cars, events like Tevo Solutions’ track day may become common in the automotive industry. Rivian, for instance, plans to hold a 4-month Demonstration Driving Program for new R1T owners so they can familiarize themselves with their new electric pickup truck.
The EV-only track day, scheduled for August 18, 2021, was exclusively created with electric vehicle owners in mind. As per Tevo Solutions’ press release: “Hybrids, PHEVs, and vehicles with range extenders will not be accepted.”
In his talk with Teslarati, Chambers shared that not many tracks or organizers in the UK would consider opening their tracks to EVs, let alone hold an EV-only track day.
“When I got my Model 3 [Performance], there was nothing I could enter that was competitive. At the time, the rules didn’t allow EVs because they were still worried about fire and safety,” he said.
As with many things related to Tesla, there have been some forms of FUD (fear, uncertainty, or doubt) about Tesla vehicles or electric cars in the UK. But Chambers believes the country is overcoming the FUD surrounding EVs or, at least, more people are trying to understand electric vehicles better.
As for Chambers, he ended up joining non-competitive track days, which most Tesla owners participated in at the time. “But there was no track or organizer that was going to do an EV-only day. And, I thought, it’s the obvious next step. But nobody decided to do it, so I decided I’d do it myself.”
TEVO Solutions is working with a list of top-class driving instructors for the event, including a coach responsible for training drivers seen in popular car scenes in films including Mission Impossible and some James Bond movies.
Tesla Model 3 SR Plus sold out in UK for Q2 despite zero EV purchase incentives
Tevo will inform event participants of charging locations near the Llandow Circuit. The company is also trying to bring portable chargers into the track grounds for more convenient charging. Chambers noted that charging is one of the stopgaps that make circuits hesitant about organizing an EV track day.
Chambers hopes that the event will be inclusive. At the time of the interview, he shared that at least two Taycans, a VW Golf-e, and possibly even a VW Beetle converted to electric would be coming to the event. So when Tevo Solutions said all EVs are invited, it really meant all electric vehicles.
Learn more about the UK’s first-ever EV-only track day, here.
Elon Musk
Musk bankers looking to trim xAI debt after SpaceX merger: report
xAI has built up $18 billion in debt over the past few years, with some of this being attributed to the purchase of social media platform Twitter (now X) and the creation of the AI development company. A new financing deal would help trim some of the financial burden that is currently present ahead of the plan to take SpaceX public sometime this year.
Elon Musk’s bankers are looking to trim the debt that xAI has taken on over the past few years, following the company’s merger with SpaceX, a new report from Bloomberg says.
xAI has built up $18 billion in debt over the past few years, with some of this being attributed to the purchase of social media platform Twitter (now X) and the creation of the AI development company. Bankers are trying to create some kind of financing plan that would trim “some of the heavy interest costs” that come with the debt.
The financing deal would help trim some of the financial burden that is currently present ahead of the plan to take SpaceX public sometime this year. Musk has essentially confirmed that SpaceX would be heading toward an IPO last month.
The report indicates that Morgan Stanley is expected to take the leading role in any financing plan, citing people familiar with the matter. Morgan Stanley, along with Goldman Sachs, Bank of America, and JPMorgan Chase & Co., are all expected to be in the lineup of banks leading SpaceX’s potential IPO.
Since Musk acquired X, he has also had what Bloomberg says is a “mixed track record with debt markets.” Since purchasing X a few years ago with a $12.5 billion financing package, X pays “tens of millions in interest payments every month.”
That debt is held by Bank of America, Barclays, Mitsubishi, UFJ Financial, BNP Paribas SA, Mizuho, and Société Générale SA.
X merged with xAI last March, which brought the valuation to $45 billion, including the debt.
SpaceX announced the merger with xAI earlier this month, a major move in Musk’s plan to alleviate Earth of necessary data centers and replace them with orbital options that will be lower cost:
“In the long term, space-based AI is obviously the only way to scale. To harness even a millionth of our Sun’s energy would require over a million times more energy than our civilization currently uses! The only logical solution, therefore, is to transport these resource-intensive efforts to a location with vast power and space. I mean, space is called “space” for a reason.”
The merger has many advantages, but one of the most crucial is that it positions the now-merged companies to fund broader goals, fueled by revenue from the Starlink expansion, potential IPO, and AI-driven applications that could accelerate the development of lunar bases.
News
Tesla pushes Full Self-Driving outright purchasing option back in one market
Tesla announced last month that it would eliminate the ability to purchase the Full Self-Driving software outright, instead opting for a subscription-only program, which will require users to pay monthly.
Tesla has pushed the opportunity to purchase the Full Self-Driving suite outright in one market: Australia.
The date remains February 14 in North America, but Tesla has pushed the date back to March 31, 2026, in Australia.
NEWS: Tesla is ending the option to buy FSD as a one-time outright purchase in Australia on March 31, 2026.
It still ends on Feb 14th in North America. https://t.co/qZBOztExVT pic.twitter.com/wmKRZPTf3r
— Sawyer Merritt (@SawyerMerritt) February 13, 2026
Tesla announced last month that it would eliminate the ability to purchase the Full Self-Driving software outright, instead opting for a subscription-only program, which will require users to pay monthly.
If you have already purchased the suite outright, you will not be required to subscribe once again, but once the outright purchase option is gone, drivers will be required to pay the monthly fee.
The reason for the adjustment is likely due to the short period of time the Full Self-Driving suite has been available in the country. In North America, it has been available for years.
Tesla hits major milestone with Full Self-Driving subscriptions
However, Tesla just launched it just last year in Australia.
Full Self-Driving is currently available in seven countries: the United States, Canada, China, Mexico, Australia, New Zealand, and South Korea.
The company has worked extensively for the past few years to launch the suite in Europe. It has not made it quite yet, but Tesla hopes to get it launched by the end of this year.
In North America, Tesla is only giving customers one more day to buy the suite outright before they will be committed to the subscription-based option for good.
The price is expected to go up as the capabilities improve, but there are no indications as to when Tesla will be doing that, nor what type of offering it plans to roll out for owners.
Elon Musk
Starlink terminals smuggled into Iran amid protest crackdown: report
Roughly 6,000 units were delivered following January’s unrest.
The United States quietly moved thousands of Starlink terminals into Iran after authorities imposed internet shutdowns as part of its crackdown on protests, as per information shared by U.S. officials to The Wall Street Journal.
Roughly 6,000 units were delivered following January’s unrest, marking the first known instance of Washington directly supplying the satellite systems inside the country.
Iran’s government significantly restricted online access as demonstrations spread across the country earlier this year. In response, the U.S. purchased nearly 7,000 Starlink terminals in recent months, with most acquisitions occurring in January. Officials stated that funding was reallocated from other internet access initiatives to support the satellite deployment.
President Donald Trump was aware of the effort, though it remains unclear whether he personally authorized it. The White House has not issued a comment about the matter publicly.
Possession of a Starlink terminal is illegal under Iranian law and can result in significant prison time. Despite this, the WSJ estimated that tens of thousands of residents still rely on the satellite service to bypass state controls. Authorities have reportedly conducted inspections of private homes and rooftops to locate unauthorized equipment.
Earlier this year, Trump and Elon Musk discussed maintaining Starlink access for Iranians during the unrest. Tehran has repeatedly accused Washington of encouraging dissent, though U.S. officials have mostly denied the allegations.
The decision to prioritize Starlink sparked internal debate within U.S. agencies. Some officials argued that shifting resources away from Virtual Private Networks (VPNs) could weaken broader internet access efforts. VPNs had previously played a major role in keeping Iranians connected during earlier protest waves, though VPNs are not effective when the actual internet gets cut.
According to State Department figures, about 30 million Iranians used U.S.-funded VPN services during demonstrations in 2022. During a near-total blackout in June 2025, roughly one-fifth of users were still able to access limited connectivity through VPN tools.
Critics have argued that satellite access without VPN protection may expose users to geolocation risks. After funds were redirected to acquire Starlink equipment, support reportedly lapsed for two of five VPN providers operating in Iran.
A State Department official has stated that the U.S. continues to back multiple technologies, including VPNs alongside Starlink, to sustain people’s internet access amidst the government’s shutdowns.
Musk bankers looking to trim xAI debt after SpaceX merger: report
SpaceX launches Crew-12 on Falcon 9, lands first booster at new LZ-40 pad
