News
Tesla Model 3 with ‘Track Mode’ squares off against Jaguar I-PACE and MotorTrend’s top rated sports sedan
While the Model S and the Model X are monsters on the drag strip, the premium electric cars have developed a reputation for being ineffective during extended track driving. Tesla aims to shatter this perception with the Model 3 Performance, as the vehicle is designed to be the first of the company’s electric cars that is competitive on the racecourse. Tesla is even preparing a specific and aptly-named mode for the vehicle to achieve this goal — “Track Mode.”
The Tesla Model 3 Performance has been getting universally positive reviews from numerous publications, from the Wall Street Journal to Car & Driver. Reviewers have praised the vehicle for its handling and quickness, as well as its sheer fun factor when driven hard. Auto publication Road & Track even sampled the Model 3 Performance’s upcoming “Track Mode” feature, which allows the vehicle to perform impressive high-speed maneuvers on a racecourse.
Tesla’s Track Mode for the Model 3 Performance was recently put to the test by auto publication MotorTrend, which held comparative tests pitting the electric sedan against the Alfa Romeo Giulia Quadrifoglio, as well as another all-electric car, the Jaguar I-PACE EV400. The tests, which involved track testing all three vehicles by veteran race driver Randy Franklin Pobst, allowed the publication to analyze how the Model 3 Performance stacks up against a fellow track-capable EV and the best fossil fuel-powered sports sedan available today.
Needless to say, the results of the tests were very compelling.
It was easy to determine that among the three, the Jaguar I-PACE EV400 was at a disadvantage, particularly due to its 4,946-pound mass and its substantial ride height. The I-PACE’s electric motors, which produce a combined 394 horsepower, are also 22% less than the Giulia Quadrifoglio. These disadvantages were evident when the veteran driver took the electric crossover around the “Streets” of Willow Springs International Raceway in CA, as the I-PACE took 1:27.00 to complete a lap.
The difference between the track capabilities of the Model 3 Performance and the Alfa Romeo Giulia Quadrifoglio was far more difficult to call. With Track Mode enabled, the Model 3 Performance set a new record for production electric cars on the racecourse, completing the run at 1:23.90. That’s 0.07 seconds faster than one of Ford’s best track vehicles, the Mustang GT Performance Pack 2. That said, Pobst, who was driving the Model 3 Performance, noted that the vehicle was easy to understeer, and that “there’s something weird happening when I lift off the brake.” The sensation that the race driver was referring to was the Model 3 Performance’s regenerative braking, which is emphasized even more when Track Mode is enabled.
True to its reputation as the best sports sedan in the market today, the Alfa Romeo Giulia Quadrifoglio completed the lap in 1:22.78, 1.12 seconds faster than the Model 3 Performance. Pobst noted that the turbocharged V6-powered vehicle “does exactly what you expect. No surprises. Always predictable.” After two sets of hard laps, though, half of the Alfa Romeo’s Pirelli P Zero Corsa AR Asimmetrico front tires were all but gone. The Model 3 Performance’s Michelin Pilot Sport 4S tires, on the other hand, were at worst scuffed. A Tesla engineer remarked to the publication that the Model 3 Performance could match the Giulia Quadrifoglio’s time if they were willing to compromise the vehicle’s tires as well.
Ultimately, MotorTrend‘s track tests show that the Model 3 Performance, at its current state, is still not quite enough to topple the auto market’s best sports sedan. That said, Track Mode, despite being a work in progress, is a very strong baseline. The publication noted that for now, it would be wise to look at Tesla’s Track Mode for the Model 3 Performance as Version 1.0 of the feature. Once Version 2.0 is ready, then vehicles such as the Alfa Romeo Giulia Quadrifoglio would also be wise to fear Tesla’s first track-capable vehicle.
Even without Track Mode, the Tesla Model 3 Performance is already starting to win over veteran auto enthusiasts, including longtime enthusiasts of legacy carmakers like BMW. Moshen Chan, an indie app developer who has been a BMW fan for ~20 years, noted that Tesla’s electric car “absolutely outperforms anything BMW has to offer today.”
The Model 3 Performance’s Track Mode is one of the electric sedan’s most compelling features. Describing the feature in an interview with YouTube tech host Marques Brownlee, Musk likened Track Mode as an “Expert User Mode” for drivers.
“Track Mode will open up a lot of settings. You can adjust settings, and it’s kinda like an ‘Expert User Mode.’ You can sort of adjust traction control, adjust battery temperature. You can basically configure a bunch of things, and it will tell you, like ‘Hey, you know if you do this, it’s a bit risky. You’re gonna wear out your brakes sooner; you might blow a circuit.’ But like, it’ll be clear — like, you know, this is the risk you’re taking. It’s kinda like if you have a graphics card in a computer. You can go in there and change the settings, and you can overclock things,” Musk said.
Update: 10/22 10:51a – Para 1 consumers changed to “customers” for accuracy.
Tesla Cybercab units finally got a definitive date for when they will be able to be purchased by customers, 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
