News
Watch Tesla’s Model 3 spank the BMW M3 in head-to-head track test (VIDEO)
Popular auto magazine Top Gear recently published its most daring cover in years, declaring in boldface lettering that “Electric Beats Petrol.” Two high-performance sedans dominated the cover: the Tesla Model 3 Performance and the BMW M3, both of which represent the best that their class of vehicles has to offer. The publication has now released footage of the two cars’ tests, showing, in their full electric vs. petrol glory, just how much the Model 3 practically spanked the BMW M3.
The recently uploaded video covered the four tests that the Model 3 Performance and the M3 were subjected to. Both vehicles were driven by veteran auto journalist Jack Rix (who admits that he is not a professional racing driver, thereby representing the majority of people who own the two high-performance sedans), who took the Model 3 and the M3 around the Thunderhill Raceway in Willows, CA. It should be noted that the BMW M3 that Top Gear utilized for its tests was not equipped with the Competition package, to make the prices of the two cars line up better.
The two vehicles being subjected to a classic quarter-mile drag race, a 0-100-0 mph brake test, a time attack challenge around the Thunderhill track, and a drifting test. The drag race between the Model 3 and the M3 was not even a competition, with the all-electric sedan leaving the internal combustion-powered BMW in the dust. The Model 3 Performance finished the drag race in 11.9 seconds at 112.6 mph, significantly faster than the BMW M3’s 119.1 mph and 12.6-second time. The 0-100-0 mph braking test ended in a similar fashion, with the Tesla Model 3 drawing blood once more with 13.1 seconds compared to the BMW M3’s 13.8 seconds.
The main event of the magazine’s test was a hot lap around Thunderhill. The Top Gear journalist utilized Track Mode for the Model 3, allowing him to maneuver the rather heavy vehicle around the race course’s corners. The Model 3 Performance ultimately completed a lap around the track in 1:34.07. The BMW M3 roared through the closed circuit, and though the vehicle weighed considerably less than the Model 3, the German high-performance sedan completed the lap in 1:35.96.
The BMW did shine against the Model 3 in Top Gear‘s drifting test, as the M3 was dubbed by the veteran journalist as the more fun car to throw around the track’s corners. Despite this win, the test still ended with the Tesla Model 3 getting three wins out of four against the BMW M3. In conclusion, the journalist notes that between the two vehicles, the Model 3 is superior in many fronts, though he would still take the BMW M3 around a track due to its nimble characteristics. Nevertheless, the Model 3’s capability to tear up a closed circuit and remain refined enough on the road is something that is remarkable.
While the conclusions of Top Gear‘s head-to-head test between the Tesla Model 3 Performance and the BMW M3 are bound to be polarizing, the all-electric sedan’s wins against the internal combustion champion stand as a pivotal moment for auto enthusiasts. Gone are the days when electric cars are slow and unattractive, and gone are the days when even premium EVs can’t even make it around a track without throttling their power. Tesla has leveled the playing field with the Model 3 Performance, and as these tests show, the plain superiority of electric propulsion is now starting to become quite evident.
Watch the Tesla Model 3 Performance and the BMW M3 battle it out in four tests in the video below.
Elon Musk
Elon Musk’s net worth is nearing $800 billion, and it’s no small part due to xAI
A newly confirmed $20 billion xAI funding round valued the business at $250 billion, adding an estimated $62 billion to Musk’s fortune.
Elon Musk moved within reach of an unprecedented $800 billion net worth after private investors sharply increased the valuation of xAI Holdings, his artificial intelligence and social media company.
A newly confirmed $20 billion funding round valued the business at $250 billion, adding an estimated $62 billion to Musk’s fortune and widening his lead as the world’s wealthiest individual.
xAI’s valuation jump
Forbes confirmed that xAI Holdings was valued at $250 billion following its $20 billion funding round. That’s more than double the $113 billion valuation Musk cited when he merged his AI startup xAI with social media platform X last year. Musk owned roughly 49% of the combined company, which Forbes estimated was worth about $122 billion after the deal closed.
xAI’s recent valuation increase pushed Musk’s total net worth to approximately $780 billion, as per Forbes’ Real-Time Billionaires List. The jump represented one of the single largest wealth gains ever recorded in a private funding round.
Interestingly enough, xAI’s funding round also boosted the AI startup’s other billionaire investors. Saudi investor Prince Alwaleed Bin Talal Alsaud held an estimated 1.6% stake in xAI worth about $4 billion, so the recent funding round boosted his net worth to $19.4 billion. Twitter co-founder Jack Dorsey and Oracle co-founder Larry Ellison each owned roughly 0.8% stakes that are now valued at about $2.1 billion, increasing their net worths to $6 billion and $241 billion, respectively.
The backbone of Musk’s net worth
Despite xAI’s rapid rise, Musk’s net worth is still primarily anchored by SpaceX and Tesla. SpaceX represents Musk’s single most valuable asset, with his 42% stake in the private space company estimated at roughly $336 billion.
Tesla ranks second among Musk’s holdings, as he owns about 12% of the EV maker’s common stock, which is worth approximately $307 billion.
Over the past year, Musk crossed a series of historic milestones, becoming the first person ever worth $500 billion, $600 billion, and $700 billion. He also widened his lead over the world’s second-richest individual, Larry Page, by more than $500 billion.
News
Tesla Cybercab sighting confirms one highly requested feature
The feature will likely allow the Cybercab to continue operating even in conditions when its cameras could be covered with dust, mud, or road grime.
A recent sighting of Tesla’s Cybercab prototype in Chicago appears to confirm a long-requested feature for the autonomous two-seater.
The feature will likely allow the Cybercab to continue operating even in conditions when its cameras could be covered with dust, mud, or road grime.
The Cybercab’s camera washer
The Cybercab prototype in question was sighted in Chicago, and its image was shared widely on social media. While the autonomous two-seater itself was visibly dirty, its rear camera area stood out as noticeably cleaner than the rest of the car. Traces of water were also visible on the trunk. This suggested that the Cybercab is equipped with a rear camera washer.
As noted by Model Y owner and industry watcher Sawyer Merritt, a rear camera washer is a feature many Tesla owners have requested for years, particularly in snowy or wet regions where camera obstruction can affect visibility and the performance of systems like Full Self-Driving (FSD).
While only the rear camera washer was clearly visible, the sighting raises the possibility that Tesla may equip the Cybercab’s other external cameras with similar cleaning systems. Given the vehicle’s fully autonomous design, redundant visibility safeguards would be a logical inclusion.
The Cybercab in Tesla’s autonomous world
The Cybercab is Tesla’s first purpose-built autonomous ride-hailing vehicle, and it is expected to enter production later this year. The vehicle was unveiled in October 2024 at the “We, Robot” event in Los Angeles, and it is expected to be a major growth driver for Tesla as it continues its transition toward an AI- and robotics-focused company. The Cybercab will not include a steering wheel or pedals and is intended to carry one or two passengers per trip, a decision Tesla says reflects real-world ride-hailing usage data.
The Cybercab is also expected to feature in-vehicle entertainment through its center touchscreen, wireless charging, and other rider-focused amenities. Musk has also hinted that the vehicle includes far more innovation than is immediately apparent, stating on X that “there is so much to this car that is not obvious on the surface.”
News
Tesla seen as early winner as Canada reopens door to China-made EVs
Tesla had already prepared for Chinese exports to Canada in 2023 by equipping its Shanghai Gigafactory to produce a Canada-specific version of the Model Y.
Tesla seems poised to be an early beneficiary of Canada’s decision to reopen imports of Chinese-made electric vehicles, following the removal of a 100% tariff that halted shipments last year.
Thanks to Giga Shanghai’s capability to produce Canadian-spec vehicles, it might only be a matter of time before Tesla is able to export vehicles to Canada from China once more.
Under the new U.S.–Canada trade agreement, Canada will allow up to 49,000 vehicles per year to be imported from China at a 6.1% tariff, with the quota potentially rising to 70,000 units within five years, according to Prime Minister Mark Carney.
Half of the initial quota is reserved for vehicles priced under CAD 35,000, a threshold above current Tesla models, though the electric vehicle maker could still benefit from the rule change, as noted in a Reuters report.
Tesla had already prepared for Chinese exports to Canada in 2023 by equipping its Shanghai Gigafactory to produce a Canada-specific version of the Model Y. That year, Tesla began shipping vehicles from Shanghai to Canada, contributing to a sharp 460% year-over-year increase in China-built vehicle imports through Vancouver.
When Ottawa imposed a 100% tariff in 2024, however, Tesla halted those shipments and shifted Canadian supply to its U.S. and Berlin factories. With tariffs now reduced, Tesla could quickly resume China-to-Canada exports.
Beyond manufacturing flexibility, Tesla could also benefit from its established retail presence in Canada. The automaker operates 39 stores across Canada, while Chinese brands like BYD and Nio have yet to enter the Canadian market directly. Tesla’s relatively small lineup, which is comprised of four core models plus the Cybertruck, allows it to move faster on marketing and logistics than competitors with broader portfolios.
Elon Musk’s net worth is nearing $800 billion, and it’s no small part due to xAI
Tesla Cybercab sighting confirms one highly requested feature
