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Tesla Model 3 Performance takes on supercars, high-performance sedans in track battle
When Elon Musk first announced the specs of the Tesla Model 3 Performance, he noted that the electric car would beat anything on its class inside a closed circuit. With its dual motors that produced a combined 450 hp and 471 lb-ft of torque, its 0-60 mph time of 3.5 seconds, and its top speed of 155 mph, Musk noted that the top variant of the Model 3 would cost roughly the same as a BMW M3, but be “15% quicker and with better handling.”
It should be noted that Musk mentioned the Model 3 Performance’s comparison with the BMW M3 at a time when Tesla was yet to reveal that it was developing a dedicated Track Mode for the electric sedan. With Track Mode, which optimizes the car for intensive closed circuit driving, the Model 3 Performance becomes a very formidable car on the racetrack. Over the past months, videos of the Model 3 Performance that have been shared online have mostly featured the vehicle competing in drag races or going around race tracks on its own. Rarely has there been a test of the car competing on a closed circuit against other high-performance vehicles.
That is, until recently, when Chinese auto group Know the Car (credit to Tesla community member JayinShanghai for sharing the video) opted to test the Model 3 Performance against several notable competitors. The group selected three groups of vehicles that would compete against the electric car — Chinese-made EVs, the NIO ES8 and the BYD唐DM; high-performance sedans, the BMW M3 and the Mercedes-AMG C63; and supercars, the Nissan GT-R and the Ferrari 488 GTB.
The tests were conducted at the Goldenport Park Circuit in Beijing, China in -5°C (23°F) weather. In its first test, the group opted to test the Model 3 Performance’s acceleration. Thanks to the instant torque from its dual electric motors, the electric sedan soundly dominated its competitors. After beating the competition on the straight line test, the group opted to call a professional driver to see just how well the Model 3 Performance stacked up against the six other vehicles on the track.
It should be noted that Beijing’s Goldenport Park Circuit is a location that is known to favor cornering and technical driving over high-speed, straight-line acceleration. Thus, during the tests, the Model 3 Performance, with its Track Mode enabled, was driven hard from one corner to the other. When the track times of the six vehicles were compared, it became evident that Elon Musk’s words about the electric car were accurate.
At the bottom of the rankings were the two Chinese-made EVs, which is understandable considering that the NIO ES8 and the BYD唐DM were SUVs. Immediately following the two EVs was the BMW M3, which was able to complete a lap around the track in 01:22.67. The Mercedes-AMG C 63 fared better than the M3, finishing a lap in 01:20.23. True to Elon Musk’s words, the Tesla Model 3 Performance dominated its class, with its lap time of 01:18.62.
Only two vehicles proved faster than the Model 3 Performance around the track — the Ferrari 488 GTB, which finished a lap in 01:16.31, and the Nissan GT-R, which completed a lap in 01:15.23. As noted by the group that conducted the test, the Model 3 Performance was ultimately outgunned only by vehicles that are beyond its class and its price range (credit to David Jao for the translation).
“The data doesn’t lie. China’s new electric entrants compared to the Model 3 are still far behind. The cars that we previously worshipped as high-end sedans, regretfully defeated. Only the supercars, costing 3-5 times the Model 3 remain to defend the honor of the internal combustion engine (ICE). So the appearance of the Model 3 brings forth a new kind of performance — cheaper, quieter, and even faster.”
The group’s statement about the prices of the Model 3’s rivals in the Chinese market is no exaggeration. Tesla lists the Model 3 Performance with a price of 560,000 RMB (around $81,000) for the Chinese market. While higher than its $64,000 price in the United States, the Model 3 Performance is still considerably more affordable than its rival high-performance sedans in the country. The BMW M3, for one, sells for 998,000 RMB ($162,000), while the Mercedes-AMG C 63 Coupe costs 1,198,000 RMB ($173,623). With its price in the Chinese market, Tesla all but made the Model 3 Performance as the ultimate bang-for-your-buck high-performance sedan — quicker, cleaner, and cheaper than the competition.
Watch the Tesla Model 3 Performance battle local high-performance sedans and supercars on the track in the video below.
Lucid CEO Silvio Napoli responded to rumors of an imminent bankruptcy that was reportedly being mulled after a report stated the automaker was working with the firm AlixPartners to iron out its next steps.
The company felt a massive loss on Wall Street yesterday, as the report essentially pushed the stock down as much as 55 percent on Tuesday.
The report, published initially by Eletric-Vehicles.com, claimed Lucid was essentially in dire straits and was told by AlixPartners, a commonly used restructuring advisor, to either take shares private or file for Chapter 11 bankruptcy protection.
Lucid’s head of Communications, Nick Twork, immediately challenged the report and stated the company “has sufficient liquidity to carry its operations well into next year.”
Now, the company’s CEO is chiming in as well, stating that the report is “so far from the facts that they require a direct response.”
Napoli said:
“Lucid is not considering bankruptcy or a transaction to take the company private. Those reports are false. The Board did not explore either scenario. Period.
As disclosed in our most recent quarterly filing, Lucid has sufficient liquidity to fund its operations well into next year.
We work with outside advisors to improve operational performance and execution. They are not advising Lucid on a take-private transaction or bankruptcy, and any suggestion that they have recommended either course of action to management or the Board is false.
My priority is clear: turn this company around. That is where the leadership team and I are focused.
I look forward to providing a full update during our quarterly earnings call on August 4th.”
🚨 Lucid CEO Silvio Napoli calls rumors of financial issues “so far from the facts that they require a direct response.”
Read his full remarks here: https://t.co/t3Pg1NHvzy pic.twitter.com/LvHUPhO4Qf
— TESLARATI (@Teslarati) July 15, 2026
It seems pretty clear that Lucid is confident things will be okay, and, to be honest, they should not have much to worry about, especially considering the company has been backed by the Saudi Public Investment Fund (PIF) for years. It has solid financial backing, and its sales, while weak, are pretty much right on par with a company of this age.
Lucid also sent a Cease & Desist letter to the publication for their report.
Lucid shares have rebounded nicely and are up nearly 21 percent at the time of publication. As soon as the company dispelled the rumors of bankruptcy yesterday, the stock began to climb back toward more reasonable levels.
Tesla has once again demonstrated strong customer focus by swiftly addressing and fully refunding a bizarre Supercharger pricing glitch that affected drivers in Atlantic Canada.
The issue surfaced earlier this month when the Tesla app began displaying dramatically inflated per-minute charging rates at stations in Prince Edward Island and parts of New Brunswick.
One widely shared screenshot from a Charlottetown, PEI Supercharger showed rates reaching ridiculous levels: $6.00 per minute for the 180-250 kW tier, along with $3.57/min for 100-180 kW and $2.29/min for 60-100 kW.
Correct pricing will be going live at midnight tonight. All fees since July 2nd 2026 will be waived.
— Tesla Charging (@TeslaCharging) July 13, 2026
These figures were several times higher than normal Supercharger pricing in the region.
To put the error in perspective, charging at the highest incorrect rate would have been shockingly expensive.
At 250 kW, a common charging speed at Superchargers, a vehicle pulls roughly 4.17 kWh per minute. Under the glitch, a driver spending just 10 minutes at peak power would face a $60 bill. A typical 20- to 30-minute session to add meaningful range could have cost $120 to $180 or more, before any congestion fees.
Tesla gets another layer of gamification with Free Supercharging on the line
By comparison, standard Canadian Supercharger rates usually fall between $0.25 and $0.60 per kWh, making a similar session cost roughly $15–$40. The erroneous per-minute structure, combined with the inflated numbers, turned what should be a convenient stop into a potential financial shock.
The glitch appears to have started sometime around early July, and quickly drew attention on social media as owners questioned whether Tesla had implemented steep hidden increases. Some drivers even reported seeing $0 charges in their history, indicating broader billing confusion.
Tesla’s official Charging account on X stated that correct pricing would roll out at midnight on July 13, so the fix is already in effect. More importantly, the company announced it would waive all fees for every Supercharger session since July 2. This blanket waiver covers the entire affected period without requiring users to file individual claims, with automated refunds expected soon. The decision affects stations in PEI and nearby areas in New Brunswick and Nova Scotia.
It’s a classy move, and rather than issuing partial credits or forcing owners to submit support tickets, Tesla simply absorbed the cost of the system error and made drivers whole. In an industry where hidden fees and bill disputes are common, Tesla’s proactive, no-questions-asked approach reinforces owner trust and highlights the company’s commitment to service excellence.
The incident, while disruptive for a short time, ultimately showcases Tesla’s ability to own mistakes and prioritize customer satisfaction. Atlantic Canada Tesla owners can now charge with confidence again, knowing the company has their back when technology glitches occur.
In an era of complex EV billing, such transparency and generosity are refreshing and set a positive example for the industry.
SpaceX’s Starlink has launched its latest residential hardware kit: the V5. Designed for reliable high-speed internet, the new terminal represents a significant leap forward in user equipment.
The next generation Starlink Kit is designed to deliver reliable, high-speed home internet. Starlink V5 has a smaller form factor and lightweight design with greater power efficiency than the Starlink V4.
With speeds up to 375+ Mbps, Starlink V5 delivers seamless connectivity… pic.twitter.com/0dorU6n0oD
— Starlink (@Starlink) July 14, 2026
The new V5 Starlink kit features a dramatically smaller and lighter form factor, measuring approximately 384 mm x 306 mm x 34 mm and weighing just 1.1 kg, which is less than half the weight of the previous V4 model, which was 2.9 kg.
This compact design makes installation easier and more versatile, whether mounted on a roof, pole, or even integrated with a pipe adapter. An integrated LED light aids setup in low-light conditions.
Power efficiency sees major gains too. The V5 draws only 35-50W, reducing energy consumption and making it ideal for off-grid or solar-powered setups. Despite its smaller size, performance remains robust. Starlink claims peak speeds of 375+ Mbps, supported by a new Wi-Fi 6 Router Mini that covers up to 2,200 square feet and connects up to 235 devices simultaneously.
The kit maintains strong signal reliability in diverse environments, from urban rooftops to remote rural areas, as demonstrated in the promo footage released by SpaceX, showing seamless operation under cloudy skies.
These improvements expand suitable applications considerably. Households can enjoy lag-free 4K streaming, smooth video conferencing, online gaming, and smart home device management without interruption. The V5’s efficiency and portability also benefit RVs, small businesses, and temporary installations in disaster-recovery zones where quick deployment is critical. Its lightweight build lowers shipping costs and simplifies user handling compared to bulkier predecessors.
Starlink’s Broader Impact on Global Internet Connectivity
Since SpaceX began launching Starlink satellites in 2019, the constellation has grown rapidly. By mid-2026, over 10,400 satellites orbit Earth, with thousands more deployed annually. This massive low-Earth-orbit network delivers broadband to approximately 160 countries and territories, reaching millions of users who previously lacked reliable internet access.
Starlink plays a vital role in bridging the digital divide. It provides essential connectivity to remote communities, maritime vessels, airlines, and regions affected by natural disasters or infrastructure gaps. By combining advanced satellite technology with iterative hardware upgrades like the V5 kit, SpaceX continues to push the boundaries of global internet access, fostering education, economic opportunity, and emergency response capabilities worldwide.
As production ramps up, the V5 promises to make high-performance internet even more accessible to users everywhere.
Elon Musk’s Texas ranch to showcase the lifelong work that changed the world
Lucid CEO dispels any rumors of bankruptcy: ‘So far from the facts’
