The MP3 is mostly the same as last year with slight changes; more power, adaptive suspension, the new seats and wheels and tires are really the only differences. I'm not saying the M3P is a bad car or the Hyundai is better, but the fact is the 5 N is more track focused and has features to get you more driving engagement compared to the Model 3.
The 5 N has hardware and software that the M3P does not have. The. 5N has a dedicated launch mode, a more comprehensive drift mode, it has a simulated clutch kick to get the rear end out, a mechanical E-LSD, a system that calculates the battery's state of charge per lap on track, an endurance mode for track days and a sprint mode to give one fast lap. Like it or not the simulated gearshifts and fake engine sounds are there and provide some stimulation, many a jaded automotive journalists have said it actually does add to the experience of driving. There are buttons on the steering wheel to provide quick access to track modes and shift paddles, different gauge setups.
The low 220 mile range is proof that it is a more focused car. Yes it's more expensive but you get more for your money. Yes it's heavier but you get 641 horsepower which makes acceleration a wash between the two cars, and the Ioniq 5 N is actually considered an SUV with a hatch so more useable space.
None of this makes the M3P a bad car, I have a reservation for one. I think the small changes to the M3P make it a compelling proposition, especially for under $50k. I think it offers more value than the 5 N, also the range and the supposedly more comfortable ride makes the M3P a better commuter which matters to me.
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