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Tesla Model 3 dubbed best electric car by noted auto reviewer in 3-way evaluation
Noted auto reviewer Matthew DeBord has a lot of experience driving Tesla’s electric cars, lauding the Model 3 Performance as his personal favorite among the company’s vehicles in a review last month. His conclusions were appreciated by Elon Musk, who shared the veteran reviewer’s article on Twitter. Recently, DeBord raised the stakes for the Model 3, comparing it against two other premium electric cars he has driven in the past — the Jaguar I-PACE and Tesla’s own Model X — to see which EV is the best in the market today.
For purposes of his recent review, DeBord opted to use the Model 3’s Long Range RWD version, which cost $57,500 when it was acquired last year. The electric sedan was compared against the Jaguar I-PACE EV400 HSE, which costs a total of $86,720 with options and fees. The final vehicle in the triple threat evaluation — a fully-loaded Tesla Model X P100D — came at a premium price of $150,000.
In his analysis, DeBord noted that the Jaguar I-PACE is poised, powerful, and sleek, and it has a killer interior accented with premium materials such as brushed metal, carbon fiber, and wood. That said, the Jaguar does fall short in some areas such as its frunk, which is too small for any practical use. Its charging system, which relies on ChargePoint’s stations, also left much to be desired. Jaguar Land Rover’s InControl Touch Pr infotainment system is “too complex” and “not attractively designed” as well.
On the other hand, DeBord admits that the Tesla Model X P100D is a showstopper with its tech and features like its Falcon Wing Doors. Being the largest of the three vehicles, the Model X is a champion of storage with almost 90 cubic feet of available cargo space. Coupled with the Supercharger Network and its Ludicrous Mode, the Model X is an excellent vehicle. That said, the premium SUV also carries a very premium price.
Ultimately, DeBord opted to give the crown to the Tesla Model 3 as the best electric car among the three vehicles he evaluated. The Model 3 strikes a great balance for price and features, with its 0-60 mph time of 5.1 seconds and its access to the Supercharger Network. The auto reviewer also lauds the vehicle for its intuitive touchscreen and steering wheel trackball-based controls, which “provides a serene driving experience” after a small learning curve. Reiterating his observations in his initial review of the electric sedan, DeBord noted that there is simply nothing better among electric cars available in the market today, especially considering its price.
“There is no better vehicle of this type at this price that I believe I could currently buy. What’s really so hypnotically and addictively compelling about the Model 3 is how many great ideas have been crammed into one automobile. This is a car that’s absolutely bursting with thought, about the present and the future — and the distant future. Those ideas are overwhelmingly optimistic.”
What’s impressive is that the Tesla Model 3 which DeBord based his recent conclusion from is a rather early version of the electric sedan. Since the initial production of the electric car, Tesla has achieved a notable reduction on Model 3 costs, as evidenced by the $49,900 starting price of the Dual Motor AWD Model 3 today. Other improvements have also been rolled out by Tesla since DeBord’s initial review of the vehicle, such as Navigate on Autopilot.
Matthew DeBord is not alone in his conclusions with regards to the Model 3. Auto veteran and longtime gearhead Henry Payne of The Detroit News, for one, even dubbed the Tesla Model 3 as the publication’s 2018 Car of the Year. The vehicle has also been a commercial success for Tesla, selling more than 145,000 units over 2018, allowing it to become the year’s best-selling luxury car.
Tesla stock (NASDAQ: TSLA) endured one of its sharpest single-day declines in years on July 23, tumbling approximately 14.5 percent and closing near $320 after opening the session around $374. The drop erased more than $140 billion in market value amid heavy trading volume and left the shares at multi-week lows.
The sell-off followed the company’s second-quarter 2026 results, released the previous evening. Tesla reported record revenue of $28.2 billion, up 26 percent year over year, driven by a Q2-record 480,126 vehicle deliveries. Energy storage deployments also rose strongly.
Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue
Yet profitability disappointed sharply. Operating income fell 57 percent to $398 million, compressing the operating margin to just 1.4 percent. Non-GAAP earnings per share came in at $0.33, well below the roughly $0.53 analysts had expected. Free cash flow turned negative by $1.1 billion as capital expenditures surged 142 percent to $5.8 billion, largely tied to accelerated spending on artificial intelligence, robotics, and autonomous systems.
The losses on capex were expected, as Tesla said it would be spending heavily in 2026.
Investors also reacted to lingering uncertainty surrounding key product timelines. During the Earnings Call, management reiterated ambitions for Robotaxi deployment and the Optimus humanoid robot, but offered limited new concrete milestones, renewing questions about execution pace that have long accompanied Tesla’s ambitious roadmap.
The magnitude of the decline places it among Tesla’s more severe one-day percentage losses since its 2010 initial public offering. Historically, the two largest single-day drops (split-adjusted) remain September 8, 2020, when shares fell 21.1 percent amid broader market volatility and valuation concerns, and January 13, 2012, with a 19.3 percent plunge during the company’s early growth struggles.
Other notable declines include an 18.6 percent drop on March 16, 2020, at the onset of pandemic-related market turmoil. Thursday’s move ranks roughly ninth on the all-time list but stands out as the steepest in more than a year.
Despite the short-term pain, Tesla’s long-term trajectory has repeatedly recovered from such volatility. The latest results underscore both the strength of its core automotive and energy businesses and the near-term costs of heavy investment in next-generation technologies.
Elon Musk clapped back at France’s decision to withhold the approval for Tesla’s Full Self-Driving (FSD) Supervised system, projecting a clear and blunt message to French Transport Minister Phillippe Tabarot, after he publicly rejected the technology in its current form.
Tabarot outlines several concerns with Tesla Full Self-Driving in a detailed video statement, where he said, “The safety trade-offs are not yet sufficient to authorize it as it currently stands,” he said. He emphasized that FSD is not a true self-driving system and that the driver remains fully responsible.
Key issues Tabarot also brought up included allowing speeding when surrounding traffic exceeds limits and what he believes are insufficient guarantees of driver attention during complex urban maneuvers such as lane changes, intersections, and roundabouts.
Delaying the approval of FSD in France will cost lives
— Elon Musk (@elonmusk) July 22, 2026
While acknowledging technological progress and France’s support for autonomous innovation, Tabarot stressed that deployment must prioritize road safety. He noted ongoing technical discussions with Tesla, the Netherlands, and other European partners, with further ecosystem meetings planned for the fall.
Musk’s rebuke highlights the human cost of regulatory caution. Tesla’s latest safety reports provide compelling data supporting accelerated adoption. In the most recent 12-month period, vehicles using FSD (Supervised) recorded one major collision per approximately 5.1 million miles driven, dramatically better than the U.S. national average of one crash per 698,000 miles.
Even Tesla vehicles driven manually with active safety features outperform the average by a wide margin. These figures come from billions of real-world miles of telemetry, showing FSD vehicles involved in far fewer incidents than both manual Teslas and the broader U.S. fleet.
Critics argue Tesla’s comparisons require careful scrutiny regarding reporting thresholds and fleet demographics, yet the data consistently positions FSD as a potential lifesaver. With road fatalities remaining a leading cause of death worldwide, Musk contends that proven safer technology should not face prolonged bureaucratic hurdles.
France’s measured approach reflects the broader European regulatory caution, which many, especially Musk, have been critical of in the past. However, as autonomous systems from Tesla and competitors like Waymo demonstrate superior safety in independent studies, pressure is mounting for harmonized approvals.
Musk’s warning carries the belief that every month of delay may equate to avoidable tragedies on European roads.
In a striking revelation that underscores the lucrative crossover between Big Tech and space exploration, Alphabet Inc., Google’s parent company, disclosed a massive $94.1 billion equity stake in SpaceX following the rocket company’s blockbuster initial public offering earlier this year.
The disclosure came in Alphabet’s quarterly filing, marking the first time the long-held private investment has been publicly valued at market prices. Google was an early backer, investing alongside Fidelity in 2015 with roughly $500-900 million at a time when SpaceX was valued around $12 billion.
That bet has delivered extraordinary returns, roughly a hundredfold, transforming a strategic play on satellite internet and launch capabilities into one of Alphabet’s largest assets.
Google, $GOOGL, has said they hold $94 billion in SpaceX, $SPCX, shares after IPO.
— unusual_whales (@unusual_whales) July 23, 2026
Of the total holding, approximately $80 billion remains subject to short-term post-IPO lockup restrictions, preventing near-term sales. An additional $14.1 billion faces longer-term restrictions, extending into the third quarter of 2027. This structure limits immediate liquidity but protects against market volatility as SpaceX transitions into public trading.
The SpaceX position contributed significantly to gains in Alphabet’s broader investment portfolio, which also includes a major stake in AI leader Anthropic. Combined, these holdings helped drive nearly $100 billion in investment gains during the second quarter, providing a substantial boost to net income amid ongoing AI spending pressures.
Analysts view the disclosure as validation of Alphabet’s venture strategy beyond its core search and cloud businesses. The investment aligns with deeper ties, including reported multi-billion-dollar deals for AI computing capacity on SpaceX infrastructure. As SpaceX advances Starship flights, Starlink expansion, and ambitious Mars goals under Elon Musk, Google’s stake positions it to benefit from the commercialization of space.
For Alphabet, the windfall highlights how patient, forward-looking bets in transformative sectors can yield outsized rewards. While lockups temper short-term impact, the holding cements SpaceX as a cornerstone of Alphabet’s diversified portfolio in an era where aerospace, AI, and connectivity increasingly intersect. Investors will watch closely as restrictions lift and SpaceX’s public performance unfolds.
Tesla stock tumbles after earnings, one of its sharpest single-day declines
Elon Musk is not happy about this Tesla Full Self-Driving approval delay
