Please read: Lift-off oversteer - Wikipedia.
Also, if you have the means and opportunity, I recommend driving in a skid car (SKIDCAR & SKIDTRUCK Systems: Complete Driver Training Solutions)
The reason most street car are tuned for varying degrees of understeer at the limit is the counter-intuitive nature of dealing with oversteer.
Lifting off the throttle is one of the worst things you can do if your car is already oversteering (braking is worse). Neutral, to slightly positive throttle is the right way to handle it in performance driving.
Note that drifting involves throttle too, but in that case, you're using *extreme* throttle to overpower the traction of the rear wheels and keep the rear sliding - that's a different situation.
In this instance, the right way to handle the situation was not to get into it in the first case (i.e., slow down).
BTW: I think hydroplaning is a probable mis-diagnosis of the situation. It was the bump in a turn that broke traction and started the car sliding. Once a car starts sliding, it doesn't stop sliding that easily, especially on wet pavement. This was simple over-driving.
What exactly is your issue.... There are many causes and types of oversteer. Do you have any formal driving experience? "Lift-off Oversteer" is common on front wheel drive cars. This happens when you enter a corner too fast and "Lift" as you hit the apex you will lose traction of the rear tires causing oversteer. and the correct thing to do is add throttle. This is NOT the case in what happened with me. Teslas weight is centralized and I was not hitting the apex of a corner too fast. In most cases the ideal cornering technique in a performance car is to try and reduce power to control oversteer.
As far a driving a Skidcar... I have slid cars at over 100mph 2 feet from Hundreds of thousands of dollars worth of camera gear and not once did I hit one or anyone.
If you tell me I am wrong any further, you will be ignored as apparently you have a degree in "Google car handling technics". Ps. Go take your model 3 on a track, get yourself into an oversteer situation (NOT "lift-oversteer") and give it a bunch of throttle and report back.