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
Musk bankers looking to trim xAI debt after SpaceX merger: report
xAI has built up $18 billion in debt over the past few years, with some of this being attributed to the purchase of social media platform Twitter (now X) and the creation of the AI development company. A new financing deal would help trim some of the financial burden that is currently present ahead of the plan to take SpaceX public sometime this year.
Elon Musk’s bankers are looking to trim the debt that xAI has taken on over the past few years, following the company’s merger with SpaceX, a new report from Bloomberg says.
xAI has built up $18 billion in debt over the past few years, with some of this being attributed to the purchase of social media platform Twitter (now X) and the creation of the AI development company. Bankers are trying to create some kind of financing plan that would trim “some of the heavy interest costs” that come with the debt.
The financing deal would help trim some of the financial burden that is currently present ahead of the plan to take SpaceX public sometime this year. Musk has essentially confirmed that SpaceX would be heading toward an IPO last month.
The report indicates that Morgan Stanley is expected to take the leading role in any financing plan, citing people familiar with the matter. Morgan Stanley, along with Goldman Sachs, Bank of America, and JPMorgan Chase & Co., are all expected to be in the lineup of banks leading SpaceX’s potential IPO.
Since Musk acquired X, he has also had what Bloomberg says is a “mixed track record with debt markets.” Since purchasing X a few years ago with a $12.5 billion financing package, X pays “tens of millions in interest payments every month.”
That debt is held by Bank of America, Barclays, Mitsubishi, UFJ Financial, BNP Paribas SA, Mizuho, and Société Générale SA.
X merged with xAI last March, which brought the valuation to $45 billion, including the debt.
SpaceX announced the merger with xAI earlier this month, a major move in Musk’s plan to alleviate Earth of necessary data centers and replace them with orbital options that will be lower cost:
“In the long term, space-based AI is obviously the only way to scale. To harness even a millionth of our Sun’s energy would require over a million times more energy than our civilization currently uses! The only logical solution, therefore, is to transport these resource-intensive efforts to a location with vast power and space. I mean, space is called “space” for a reason.”
The merger has many advantages, but one of the most crucial is that it positions the now-merged companies to fund broader goals, fueled by revenue from the Starlink expansion, potential IPO, and AI-driven applications that could accelerate the development of lunar bases.
News
Tesla pushes Full Self-Driving outright purchasing option back in one market
Tesla announced last month that it would eliminate the ability to purchase the Full Self-Driving software outright, instead opting for a subscription-only program, which will require users to pay monthly.
Tesla has pushed the opportunity to purchase the Full Self-Driving suite outright in one market: Australia.
The date remains February 14 in North America, but Tesla has pushed the date back to March 31, 2026, in Australia.
NEWS: Tesla is ending the option to buy FSD as a one-time outright purchase in Australia on March 31, 2026.
It still ends on Feb 14th in North America. https://t.co/qZBOztExVT pic.twitter.com/wmKRZPTf3r
— Sawyer Merritt (@SawyerMerritt) February 13, 2026
Tesla announced last month that it would eliminate the ability to purchase the Full Self-Driving software outright, instead opting for a subscription-only program, which will require users to pay monthly.
If you have already purchased the suite outright, you will not be required to subscribe once again, but once the outright purchase option is gone, drivers will be required to pay the monthly fee.
The reason for the adjustment is likely due to the short period of time the Full Self-Driving suite has been available in the country. In North America, it has been available for years.
Tesla hits major milestone with Full Self-Driving subscriptions
However, Tesla just launched it just last year in Australia.
Full Self-Driving is currently available in seven countries: the United States, Canada, China, Mexico, Australia, New Zealand, and South Korea.
The company has worked extensively for the past few years to launch the suite in Europe. It has not made it quite yet, but Tesla hopes to get it launched by the end of this year.
In North America, Tesla is only giving customers one more day to buy the suite outright before they will be committed to the subscription-based option for good.
The price is expected to go up as the capabilities improve, but there are no indications as to when Tesla will be doing that, nor what type of offering it plans to roll out for owners.
Elon Musk
Starlink terminals smuggled into Iran amid protest crackdown: report
Roughly 6,000 units were delivered following January’s unrest.
The United States quietly moved thousands of Starlink terminals into Iran after authorities imposed internet shutdowns as part of its crackdown on protests, as per information shared by U.S. officials to The Wall Street Journal.
Roughly 6,000 units were delivered following January’s unrest, marking the first known instance of Washington directly supplying the satellite systems inside the country.
Iran’s government significantly restricted online access as demonstrations spread across the country earlier this year. In response, the U.S. purchased nearly 7,000 Starlink terminals in recent months, with most acquisitions occurring in January. Officials stated that funding was reallocated from other internet access initiatives to support the satellite deployment.
President Donald Trump was aware of the effort, though it remains unclear whether he personally authorized it. The White House has not issued a comment about the matter publicly.
Possession of a Starlink terminal is illegal under Iranian law and can result in significant prison time. Despite this, the WSJ estimated that tens of thousands of residents still rely on the satellite service to bypass state controls. Authorities have reportedly conducted inspections of private homes and rooftops to locate unauthorized equipment.
Earlier this year, Trump and Elon Musk discussed maintaining Starlink access for Iranians during the unrest. Tehran has repeatedly accused Washington of encouraging dissent, though U.S. officials have mostly denied the allegations.
The decision to prioritize Starlink sparked internal debate within U.S. agencies. Some officials argued that shifting resources away from Virtual Private Networks (VPNs) could weaken broader internet access efforts. VPNs had previously played a major role in keeping Iranians connected during earlier protest waves, though VPNs are not effective when the actual internet gets cut.
According to State Department figures, about 30 million Iranians used U.S.-funded VPN services during demonstrations in 2022. During a near-total blackout in June 2025, roughly one-fifth of users were still able to access limited connectivity through VPN tools.
Critics have argued that satellite access without VPN protection may expose users to geolocation risks. After funds were redirected to acquire Starlink equipment, support reportedly lapsed for two of five VPN providers operating in Iran.
A State Department official has stated that the U.S. continues to back multiple technologies, including VPNs alongside Starlink, to sustain people’s internet access amidst the government’s shutdowns.
Musk bankers looking to trim xAI debt after SpaceX merger: report
SpaceX launches Crew-12 on Falcon 9, lands first booster at new LZ-40 pad
