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Top Gear doubles down on Tesla vs Porsche race, claims Model S’ actual results are worse
Top Gear‘s saga involving a drag race between the Tesla Model S Performance and the Porsche Taycan Turbo S continues to unravel, as CEO Elon Musk expressed his comments on Twitter and the motoring publication posted an update defending its results.
Following the release of a thorough analysis of the Model S vs Porsche Taycan drag race which suggested that Top Gear did not engage the Tesla’s Launch Mode and full Ludicrous Plus capabilities in the race, CEO Elon Musk took to Twitter to offer his take on the two vehicles’ bout. According to Musk, Top Gear did miss the Model S’ real performance figures, especially since the numbers published by the motoring publication were inconsistent with what regular Tesla owners have recorded on their vehicles.
Amidst criticism from the electric car community, Top Gear has issued a response explaining its Model S Performance vs Taycan Turbo S drag race results. Quite surprisingly, the motoring publication admitted that they did use Model S figures from a previous race in the Tesla vs Porsche drag battle. Even more surprisingly, Top Gear claimed that this was done in favor of the Tesla Model S Performance.
Explaining its results, Top Gear stated that the best figures recorded for the Tesla Model S Performance during its battle with the Taycan were a 0-60 mph time of 2.83 seconds, a 0-100 mph time of 6.64 seconds, and a quarter-mile time of 11.23 seconds at 123.2 mph. These figures were worse than the 0-60 mph time of 2.68 seconds, 0-100 mph time of 6.46 seconds, and quarter-mile time of 11.08 seconds at 124.0 mph listed by the publication in its comparative video.
“These were numbers we recorded in a Model S on a previous occasion. We ran them because these are the best figures we’ve achieved in a Model S to date so we know that’s what the car is capable of. And just to be clear, the Tesla was in Ludicrous+ mode, the battery was pre-conditioned and both cars had around 85 per cent charge before the first run,” Top Gear wrote.
Looking at Top Gear‘s statement and clarification, it appears that the motoring publication is suggesting that the Raven Model S Performance actually has worse capbilities than a vehicle that it used from back in 2017. This does not align with the experiences of Tesla owners at all, many of whom have reported that the Raven Model S Performance can actually outrun a Tesla Model S P100D in the quarter-mile.
Interestingly, Top Gear‘s clarification did not address the main concern expressed by the Tesla community about the Model S vs Taycan race — that the Tesla was not in Launch Mode during its drag battle with the German-made all-electric sports car. This, apart from the fact that a video of the Model S’ interior while it was racing with the Taycan showed that the vehicle’s Range Mode was activated, further clouds Top Gear‘s defense of its race.
Overall, it is quite disappointing to see Top Gear standing by its Tesla Model S Performance vs Porsche Taycan Turbo S drag race results. With the race practically debunked, it would not be in the Porsche Taycan’s best interests to run away with a win from the Model S at this point. The Taycan deserves a clean win, and it is something that it can actually achieve, considering its dual-speed gearbox. Simply put, it would be better for Top Gear at this point to race the two vehicles again, this time with both cars on Launch Control, and this time with an actual Raven Model S, to provide an accurate depiction of a drag race between these two excellent vehicles.
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
