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Tesla gets full ‘Top Gear’ treatment, Chris Harris to buy Model 3 ‘soon’ after review
There was once a time when UK-based auto show Top Gear practically ignored the existence of Tesla vehicles on the car market. If the popular motoring program’s recent episode is any indication, that time appears to be long gone. The auto show’s host, Chris Harris, has become somewhat of an EV convert during his time with the all-electric sedan.
Off the bat, Harris noted that he would try his best to ignore the hype surrounding the Model 3. He stressed the importance of simply reviewing the vehicle the same way he does other cars. For the most part, he did, discussing only the vehicle’s characteristics such as its suite of fun Easter Eggs, its minimalistic interior, and its exterior looks. The Top Gear host was unimpressed with the Model 3’s design, finding the car to be far too “vanilla” for a vehicle that is being considered as an automobile that can change the face of motoring forever.
But then, the host quips, perhaps that was the point of the Model 3. Tesla made it a point to ensure that its most disruptive vehicle to date does not shock and awe at face value. Being a great car that just so happens to be electric, Harris noted that the Model 3 does appear to have what it takes to convert people away from the veterans of Europe’s hot high-performance sedan market.
And then came the track test.
Gunning the electric sedan into a track, the host could be seen genuinely enjoying the vehicle. The motiring show opted to test the Model 3 against the best high-performance sedans that Europe can offer: the Mercedez-AMG C 63 S, the BMW M3, and the Alfa Romeo Giulia Quadrifoglio. First off was a drag race, an event that the Model 3 would likely dominate.
In order to give the vehicle a bigger challenge, the motoring show opted to hold a half-mile race. As the four-way race started, Harris was surprised when the Model 3 just kept pulling, even beyond the quarter-mile mark. The Mercedes-AMG C 63 S did catch the Model 3 a few feet away from the half-mile mark, but even with this result, the Top Gear host was convinced.
“This is the traffic light king. It’s an AK-47 disguised as a butter knife,” Harris said as he contemplated the results of the half-mile drag race.
Perhaps what really convinced Harris was the results of the Model 3’s handling test, which required the vehicle to go around a hastily-assembled course. The Top Gear host previously drove both the M3 and the Giulia Quadrifoglio on the same course, and the Alfa Romeo ended up winning against the BMW. With this in mind, Harris opted to set the time using the powerful petrol sedan. The Alfa Romeo lived up to its reputation, handling the track in a refined manner, and completing the course in 1:04:84.
The Top Gear host was not a fan of the Model 3’s handling, stating that the vehicle felt soft around the corners. It was unknown if the electric sedan’s Track Mode was activated during the test, but the Tesla nonetheless attacked the course with such ferocity that Harris was nevertheless impressed. While the Model 3 was not as refined around the corners as the Giulia Quadrifoglio, the vehicle’s insane acceleration was nonetheless enough to complete the course in 1:04:28, a full half-second faster than the Alfa Romeo. Considering that the Model 3 seemed to have only 50+% of its battery during the tests, these figures are nonetheless impressive.
The motoring show ended its Tesla segment by concluding that the Model 3 does indeed live up to Elon Musk’s statements. It does beat petrol cars, even around the track. For a show like Top Gear to admit such a thing, is not a bad accomplishment for the Model 3 at all. As for Chris Harris, he recently announced on Twitter that he has decided to buy a Tesla Model 3 for himself.
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.”
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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.
SpaceX confirmed the date of Starship’s 15th launch window with some massive ambitions for the mission, as it will attempt to catch Ship for the first time.
CEO Elon Musk confirmed during SpaceX’s Earnings Call last night on October 20 that it would launch Starship for its 15th test flight in November, and there are some incredible things the company wants to try, making it perhaps the most groundbreaking launch in the program’s history.
SpaceX delivers blockbuster Q3 results as Super Intelligence segment booms
The most major development of the call was SpaceX’s intention to catch Ship alongside catching the Super Heavy Booster, something that has happened in the past. SpaceX showed an animation of the Ship catch, which will be done on the launch tower’s chopsticks:
SpaceX has released a new Starship tower catch animation for the upcoming Flight 15! https://t.co/kStn01Da8u
— Truthful🛰️ (@Truthful_ast) October 20, 2026
This monumental goal is to catch both the Ship and Booster in a dual-catch scenario, an incredible feat since SpaceX has never been able to reuse a Ship after launch. Musk said it would be “the first time that an orbital launch vehicle has been fully recovered,” and said it would be a “profound technology milestone.”
Musk said the odds of success on this first Ship catch attempt are “more likely than not,” but SpaceX is ultimately prepared for more tries moving forward. The SpaceX frontman said that, starting next year, Starship would have a “steady stream” of flights through the end of the year.
The cadence will accelerate in 2027, with Musk stating the company plans to target weekly flights in the first half of 2027 and twice-weekly by year-end.
The Flight 15 attempt follows that of Flight 14, which took off in late September and was Starship’s first orbital mission. It deployed 26 Starlink V3 satellites, accomplished a controlled ocean splashdown of both stages, and shed more light on potential challenges for the program moving forward.
As of now, the Starship program is firing on all cylinders.
Interested in ordering a Tesla? Use my referral code for three free months of Full Self-Driving (Supervised) here.
Tesla Q3 2026 Earnings results: in-line revenues, slight beat on EPS
Tesla reports Q3 Earnings today: here’s what to expect
