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.
Tesla just gave what is perhaps its biggest signal yet that the launch of the Cybercab, its autonomous ride-hailing-geared car, is imminent.
The Cybercab has been spotted outside of Gigafactory Texas in massive numbers over the past few days, with hundreds of units being stored on property just days after the vehicle received a Certificate of Conformity from the EPA.
Today, things were a bit different.
Cybercabs spotted on Giga Texas property today had an addition: a Cybercab decal on the side, reminiscent of the “Robotaxi” ones that were placed on Model Ys just as the company launched its ride-sharing platform about a year ago.
Giga Texas drone operator Joe Tegtmeyer noticed the change today:
Tesla Cybercabs are now getting “Cybercab” logos on the side of them!
Tesla did the same with Model Ys that were given “Robotaxi” logos: https://t.co/DanANtw1m7 pic.twitter.com/FqOhH0S9Ks
— TESLARATI (@Teslarati) June 19, 2026
Tesla could be signaling that the Cybercab is preparing to enter the Robotaxi fleet in the coming weeks or months with this move. It seems more symbolic than anything; Tesla is ready to throw Cybercabs in the ride-hailing platform just as it did with Model Ys last year.
The addition of the Certificate of Conformity awarded to the Cybercab is another major factor working to Tesla’s advantage. The company now has permission from the EPA to allow the vehicle to operate on public roads and enter the chain of commerce. It’s officially street legal.
Tesla Cybercab specs revealed: range, curb weight, range ratings, and more
The big question that remains is whether Tesla will be able to operate the car without a safety monitor, especially considering it plans to put the car out there without a steering wheel or pedals. With the Cybercab only having a seating capacity of two, it is hard to believe Tesla will even consider putting a Safety Monitor in the car.
It did recently self-certify as Level 4 and has the ability to operate driverless vehicles in the State of Texas under a law that took effect on May 28. You can read more about that here:
Tesla’s Robotaxi dreams just took a massive step toward reality
We’d imagine Cybercabs will be on the roads as soon as July, but August will likely be a better estimate of when the car will be entered into the Cybercab fleet. It all depends at where Tesla is, as they’ve truly prioritized safety with the rollout of the Robotaxi platform.
Elon Musk has publicly questioned Moody’s credit assessments following the rating agency’s decision to assign SpaceX a Baa1 investment-grade rating, two notches above Tesla’s Baa3. The comments came amid discussions comparing the two companies’ financial profiles.
SpaceX earned its first-time Baa1 rating with a stable outlook from Moody’s. The agency highlighted the company’s leadership in orbital launches, the growing recurring revenue from its Starlink satellite network, strong vertical integration, U.S. government contracts, and emerging opportunities in AI infrastructure.
These factors were cited as supporting robust cash flows, margin expansion, and financial flexibility.
Musk responded directly: “Tesla’s credit rating is ridiculously low tbh,” and added, “Yeah, makes no sense. Tesla has over $40B in cash, no debt, and is consistently profitable!” His remarks underscored Tesla’s balance sheet strength and profitability at a time when many traditional automakers continue to report losses in the shift to electric vehicles.
Yeah, makes no sense.
Tesla has over $40B in cash, no debt and is consistently profitable!
— Elon Musk (@elonmusk) June 19, 2026
Tesla maintains a leading position in the global EV market, with diversification into energy and storage, battery technology, and robotics through projects like Optimus. Recent financial updates show the company generated positive free cash flow of $1.4 billion in Q1 2026, supported by operating cash flow of $3.9 billion. Cash and short-term investments stood at approximately $44.7 billion.
Moody’s has affirmed Tesla’s Baa3 issuer rating with a stable outlook in periodic reviews, acknowledging the company’s EV leadership, technology strengths, including AI for autonomous vehicles, solid profitability, and strong liquidity.
Tesla (TSLA) scores Baa3 Moody’s rating for ‘stable’ outlook
However, the agency has also noted challenges in the automotive segment and expectations for margin pressures.
Musk’s critique highlights a common debate about how traditional rating methodologies apply to high-growth, capital-intensive technology companies. SpaceX benefits from long-term government-backed contracts and diversified, recurring revenue streams, while Tesla’s valuation reflects heavy investment in future technologies such as autonomy and robotics.
Both ratings remain investment-grade, yet the one-notch difference has fueled online discussion about potential inconsistencies in evaluating innovative firms.
The exchange comes as SpaceX explores financing options following its recent valuation milestones, while Tesla continues executing on its multi-year roadmap. Musk’s pointed response serves as a reminder that credit ratings, though influential for borrowing costs, represent one lens through which markets assess corporate strength—and that company leaders often view their financial positions through the lens of long-term innovation and cash generation rather than short-term risk metrics alone.
A new report from Reuters claims that a transport authority in Sweden is pushing back against the approval of Tesla’s Full Self-Driving suite because it will travel over speed limits.
The report says the Swedish Transport Administration (TRV) recommends the European Union votes against FSD’s approval. TRV believes it should not be approved until Tesla disables FSD’s ability to speed.
TRV sent a letter to the European Union’s Technical Committee on Motor Vehicles (TCMV), which is set to meet on June 30 to discuss the potential approval of the Tesla FSD suite in the country. Tesla, which has received various approvals in Europe over the past two months, has not provided a comment.
Teslas operating on FSD do travel over the speed limit, depending on the Speed Profile that is chosen. Drivers have the ability to disengage FSD at any point; Tesla specifically states that those supervising the suite are responsible for its actions.
Let’s cut to the chase: humans operating any vehicle speed almost daily in the United States. Realistically, speed limits in the U.S. are more frequently treated as speed minimums. However, other countries are different, and driving behaviors are less aggressive.
TRV believes that “allowing automated systems to systematically exceed legal speed limits…risks undermining both the legal framework and the expected safety benefits of vehicle automation,” the report stated. It’s surprising that Tesla has not received this claim from other countries previously.
This could be a good argument to bring Max Speed back, the setting that previously allowed the driver to choose the absolute fastest the car would travel.
This would still put the responsibility of supervision in the hands of the driver. It would allow the driver to choose whether the car would travel over the speed limit or not, acknowledging that they set the speed, and if they get pulled over, there would be no ability to argue it.
However, it does not seem as if this is something Tesla will do, especially considering many U.S. drivers have requested the feature in an effort to eliminate speeding or at least tone it down. The company has not shown any interest in bringing it back.
Tesla has approvals for FSD in Europe in Estonia, Lithuania, Denmark, the Netherlands, and Belgium.
Tesla Cybercab launch is imminent after latest sighting at Giga Texas
Elon Musk says this part of Tesla ‘makes no sense’
