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Tesla Model 3 Performance wins over longtime BMW enthusiast: ‘this is an iPhone moment’
Indie app developer Moshen Chan has been an avid BMW enthusiast for ~20 years. Having a passion for high-speed driving, he has spent a lot of time experiencing the legacy automaker’s Ultimate Driving Machines firsthand. Moshen now drives a Tesla Model 3 Performance, after a test drive with the electric sedan proved that it was a powerful, feature-ridden, and compelling vehicle that could very well be beyond anything that the German veteran automaker currently has to offer.
The indie app developer shared his experience in a series of lengthy posts on a BMW forum, Bimmerfest.com. Chan notes that over the years, he has driven several BMWs, and today, he owns a modified E36 325i with track suspension setup, as well as an E82 135i with Performance Suspension and several other M3 suspension part upgrades. Being in the market for a new vehicle, he was looking at the BMW M2 Competition, the latest iteration of the BMW M3, and lastly, the Tesla Model 3 Performance.
The test drive with the Model 3 Performance proved to be the difference-maker. The BMW enthusiast stated that he was simply blown away by the vehicle, from its hyper-low center of gravity, its low polar moment of inertia, to its silent, instant, brutal acceleration. Chan stated that Tesla ultimately “threw a curve-ball to everything (he) knew about sport sedans & performance cars” and that overall, the Model 3 Performance “absolutely outperforms anything BMW has to offer today.” The app developer further noted that his test drive with the Model 3 Performance was an “iPhone moment.”
“I can say I was very hesitant on the ultra minimalist interior but now I absolutely love it. For me this is an iPhone moment – when a new product suddenly makes everything else seem outdated and old,” Chan wrote.
The indie app developer admits that his Model 3 Performance is not a perfect car and that Tesla still has a lot to learn in terms of customer service, delivery, and providing enough spare parts for its ever-growing fleet. Despite these, Chan noted that he has no regrets with the Model 3 Performance, as the car has now taken over the mantle of the “Ultimate Driving Machine,” at least in terms of his current standards.
“BMW has better build quality. It has more refined finishing and details. That stuff makes me feel good, I guess. But for me, it’s the driving experience that really matters. The overall package of what the Performance Model 3 does for me – greatly makes up for those areas that BMW is better at,” he wrote.
The BMW enthusiast notes that he is not the only one in his circle who committed to the Model 3 Performance. One of his acquaintances, a driving instructor for his local BMW CCA, is selling his M3 and ordering the electric sedan after a test drive as well. Chan, for his part, notes that he would still be keeping his E36 325i for days when he feels like driving a manual transmission, but his E82 135i is going up for sale soon.
The Model 3 Performance is Tesla’s latest high-performance vehicle. Being the first P-branded model fitted with the company’s 2170 cells, the Model 3 Performance is looking to be the first of Tesla’s vehicles that can be driven hard for extended periods of time. When Elon Musk announced the vehicle’s specs, he noted that the electric sedan would be ~15% faster than a BMW M3 around the track. Later reviews of the car from prominent auto publications such as Car & Driver and Road & Track have compared the Model 3 Performance favorably to Germany’s best high-performance sedans like the BMW M3 and the Audi RS5 as well.
It should be noted that the Model 3 Performance’s killer feature has not been rolled out to the fleet as of yet. Tesla has revealed that the Model 3 Performance would eventually be given a dedicated Track Mode, which Elon Musk dubs as an “Expert User Mode” for the vehicle. Initial tests of Track Mode have been positive so far, with reviewers stating that the feature allows drivers to perform advanced, aggressive driving maneuvers (such as drifting) without any issues.
Even without Track Mode, the Model 3 Performance is already establishing itself as a quick, capable vehicle, and one that is seemingly more powerful than what Tesla suggests. The electric car’s 0-60 mph acceleration, for one, is listed as 3.5 seconds by the company, but VBOX tests on a fully charged, completely stock Model 3 Performance show that the vehicle is capable of going from 0-60 mph in just 3.18 seconds. With an upgraded suspension setup, better tires, and Tesla’s future software updates, it would not be too improbable look forward to a Model 3 Performance doing 0-60 in 3 seconds flat.
Tesla Cybercab units finally got a definitive date for when they will be able to be purchased by consumers, ending speculation regarding whether the fully autonomous vehicle would be available in the near term.
During Tesla’s third-quarter 2026 earnings call on October 21, Vice President of Engineering Lars Moravy said the company is aiming to begin delivering its purpose-built Cybercab robotaxi to customers before year-end.
🚨 In short, Cybercabs are slated to go to customers by end of the year. All units are going into Robotaxi fleet currently, per @larsmoravy
Cybercab will be “transport-as-a-service,” but vast majority of Cybercab will be “Tesla-owned,” @elonmusk says https://t.co/R8Qu8QWdmp
— TESLARATI (@Teslarati) October 21, 2026
“We’re trying to get Cybercabs to customers by the end of this year, 2026,” Moravy said. He added that production is underway on the line at Gigafactory Texas, but “all of those are currently going to our own internal Robotaxi fleet.”
Moravy explained that as operations scale, Tesla will “mainly deliver fully designed autonomous vehicles to our customers,” with the Cybercab as the first such vehicle. Initial customer deliveries will start small while the company gains experience with delivery logistics, ownership models, fleet management, and operating autonomous vehicles outside its direct control.
CEO Elon Musk reinforced the limited nature of private sales, describing the Cybercab primarily as a “transport-as-a-service” offering rather than a personal ownership vehicle like the Model 3, Model Y, or upcoming Roadster. “The vast majority of the Cybercab stuff will be Tesla-owned and transport-as-a-service,” Musk said.
The Cybercab is a two-seater vehicle developed by Tesla without a steering wheel or pedals. It relies completely on Tesla’s Full Self-Driving suite and has been in production since February. Early units have been put in Tesla’s Robotaxi service as of early September, when the company launched rides to the public. Tesla previously indicated it would aim to sell Cybercabs for about $30,000.
Unsupervised Full Self-Driving is expected to ship to consumer cars during Q2 2027, Ashok Elluswamy, Tesla’s Head of AI, indicated during the call. Early buyers or fleet operators may receive vehicles whose autonomous operation remains geographically restricted due to lagging regulatory agencies. There are some hurdles that remain ahead of Cybercab deliveries.
Tesla (NASDAQ: TSLA) reported its earnings for the third quarter of 2026, marking a reasonable performance on the various financial metrics. Tesla still plans to hold a call that will field investor questions at 5:30 p.m. ET, 4:30 p.m. CT.
Here’s where Earnings came in:
- Total Revenues: $28.046 reported vs. $28.34B expected
- Non-GAAP EPS: $0.48 reported vs. $0.45 expected
- Operating Margin: 2.6 % reported vs. 2.5% expected
- Operating Income: $718M reported vs. $721M expected
- Free Cash Flow: $1.531B reported vs. ~-$4.51B expected
Tesla $TSLA Earnings Results:
Revenues: $28.046B
Non-GAAP EPS: $0.48
Operating Margin: 2.6%
Operating Income: $718M
FCF: $1.531B— TESLARATI (@Teslarati) October 21, 2026
Major Takeaways
Full Self-Driving (Supervised)
“FSD (Supervised)⁴ attach rate continued to grow, reaching over 75% of new vehicle deliveries in North America – our most mature market – a nearly twenty percentage point sequential increase. We believe that FSD is driving demand in markets where it is available, and we continue to work with regulators to get it approved in other markets.”
Tesla Semi
“We began volume production of Tesla Semi, our Class 8 heavy-duty truck. The top variant can go 500 miles at full 82,000 lbs gross combination weight while achieving an efficiency of 1.7 kWh/mile. That efficiency allows the Tesla Semi to use a third of the energy used by a comparable diesel truck to haul the same payload. In a transportation market where energy is one of the largest components of total cost per mile, this will provide a meaningful advantage to Tesla Semi operators.”
SI Compute
“We plan to reach 400 MW of SI training compute by the end of the year, supporting the development of both vehicle and humanoid robot autonomy software. Additionally, we continued construction for the Austin Fab, where we plan to start commissioning equipment in 2027.”
Robotaxi
“We began deployment of Cybercab into our Robotaxi fleet in Austin. We reached nearly two million cumulative unsupervised miles for our Robotaxi service as of the end of the quarter. Operating hours in Austin are now 6am to midnight, and we expect to reduce wait times via increased fleet supply and improvement of Robotaxi orchestration algorithms. Grok is available in Cybercab with access to Grok Bot and Connectors, which allows users to manage their inbox, calendars, files, chats and tasks – all hands free via voice command – making Cybercab a mode of transport, a productivity space and, with our entertainment options, a second living room.”
Interested in ordering a Tesla? Use my referral code for three free months of Full Self-Driving (Supervised) here.
Tesla (NASDAQ: TSLA) reports its earnings for Q3 today. Here’s what to expect, as the company will reveal its balance sheet after the market closes on Wednesday.
Tesla already reported deliveries just after Q3 ended, and it demolished Wall Street consensus estimates of roughly 462,000 vehicles. Tesla delivered 486,532 cars in the third quarter, which was a big beat, but was down 2.1 percent from the same quarter last year. Energy storage deployments were 13.7 GWh, up year-over-year.
Tesla showrooms picked clean ahead of Q3 end as demand looks strong
For the quarter, analysts have already compiled their predictions for what Tesla will report this afternoon:
- Total Revenues: $28.34B
- Non-GAAP EPS: $0.43
- Operating Margin: 2.5%
- Operating Income: $721M
- Free Cash Flow: ~-$4.51B
Here are a few things we are looking forward to hearing about on the call:
Automotive Gross Margin and Overall Profitability
This was 16.3 percent in Q2, down from 19.2 percent in Q1, and was impacted by warranty charges and some fading regulatory credits. Consensus implies overall gross margin near 18 percent, but a miss here would potentially reinforce concerns about pricing pressure on its vehicles.
Pay attention to energy storage margins as well, especially since Tesla missed GWh expectations, although it was still a strong quarter.
Robotaxi/Cybercab, Unsupervised FSD, and Optimus Progress
The Say questions from retail investors usually focus on these types of projects, and this quarter is no different. Scaling the Cybercab fleet beyond Austin amid the open NHTSA safety review, timeline for Unsupervised FSD in customer cars, Robotaxi unit economics, and Optimus cost per unit plus when it could start generating revenue, are all things to be looking for.
Any concrete timelines or regulatory path details will likely move the stock more than the near-term numbers. SpaceX merger speculation, which was detailed during SpaceX’s earnings call last night, may also surface, although the key details were shared last night.
Elon Musk just confirmed the Tesla and SpaceX merger step everyone was waiting for
Say Investor Questions
- How does the Cybercab fleet scale past Austin, and what’s the regulatory path outside Texas given NHTSA’s open safety review?
- When can we anticipate FSD unsupervised in customer cars?
- When will the CyberCab be available for customer purchase/ownership?
- What’s the unit economics per paid robotaxi mile, and how does it compare to the thirty-cent target?
- Tesla has acknowledged that HW3 vehicles cannot support unsupervised FSD. When will owners know whether they can upgrade their hardware for free, and when will Tesla provide a clear plan?
The full Earnings Call will be streamed this evening after market close around 5 p.m. this evening.
Tesla Cybercab gets a for sale date at last
Tesla Q3 2026 Earnings results: in-line revenues, slight beat on EPS
