Not necessarily... Throttle House on YouTube tested the Model 3 on their track and it did ok. My car came in at about 1 min 11.5 sec, the Model 3 Performance at about 1 min 15 sec. which is a HUGE difference. My car has back seats and a trunk, is about $15k cheaper vs the M3 Performance... and it's practical enough. A car like a BMW M2 is also far faster overall and quite practical, and near the same price range.
Not saying the Model 3 isn't a great performer for what it is, but I think we get carried away calling ICE cars antiques in comparison, when many are actually much faster and handle far better.
I've had BMW and Audi's for over 30 years, mainly BMW's, my last being a M235x. I got tired with all the nickel and diming from BMW, the last straw being when they wanted to charge me $250 for a map update plus the dealer charge for installing it, it would have been close to $500. I wanted to test drive the X3 M40i, after a a year of chasing sales guys to fix a test drive I gave up and test drove the Tesla Model 3 and finished up buying it. BMW screwed up my 30 years of loyalty...
In the real world I find the Tesla more practical and fun to drive than the M235...the instantaneous linear power delivery can't be beaten by any ICE, and this makes a huge difference in most practical driving situations. What I didn't expect was that the Tesla is more relaxing on long journeys, I hadn't appreciated the impact that noise has on fatigue. Tesla go out of their way to eliminate noise, whereas BMW pump engine noise into the cabin to make the car appear more sporty
The advantages the M235 had were the superior handling and better seat side support during cornering (when I push the Tesla hard on a corner I slide too much in the seat
). In the 8 months of ownership I've had multiple OTA software updates from Tesla, adding more user features and increasing the power by 10% - this is contrasted with BMW who want to charge for simple map updates.
Tesla have a totally different approach than traditional ICE manufacturers, Tesla's paradigm is that of a technology business and the 'dinosaurs' are stuck in their ICE paradigm. The ICE manufacturers must have got together and agreed to make EV's as butt ugly as possible, you only have to look at the BMW i3, Nissan Leaf and Chevy Bolt! It's as if they don't want to sell any and they're apologizing. Tesla aren't perfect (over promising and under performing, parts delays to name a few) but they are a refreshing change.
I still have a BMW 330x, but it's not the first driving choice as everyone in the family wants to drive the Tesla. Out of all the cars I've owned Ford/Volvo/Toyota/Audi/BMW the Tesla is by far the best of the group...it's just more fun to drive.