There were follow up articles in the 3 big car mags describing the tests in more detail. From what I read, the Taycan was not charged between these runs (though it was fully charged to start) and the total variation in performance from best to worst of the 30+ runs was 0.8 seconds. Can the M3P really do that? Even if it can, it can't do 0-124 in less than 10 seconds. It traps between 113 and 116 from all reports I have seen and that is at 11.5 to 11.7 seconds.
The MSP can probably keep up in a single drag race since the Raven now goes 10.5 at 127 in the quarter. However, that is after the battery is conditioned. It appears the Taycan can just walk up to the line and do 0-124 in less than 10 seconds with no significant prep and it can do it over and over. The pre-Raven MSP can't do that 30+ times in a row, it will overheat. We don't yet know if Tesla improved the cooling on the Raven enough to take this kind of abuse.
In any case, I own both a M3P and a 911 (991.2) C4 GTS. They are both great cars, but they are very different. When I want to travel with my family in a quiet and comfortable car, the M3P is the better choice. When I want to DRIVE, the 911 is by far the better alternative. The 911 is much more involving and gives a much better feel for the road. In the M3P, I feel insulated from the road and a bit disconnected. It is actually very relaxing for long trips, but it is not what a driving enthusiast seeks.
While I have no greater insight into the Taycan than anyone else here, based on my overall experience with Porsche, I believe the Taycan will reproduce the driving feeling of a 911 to a substantial degree. The notion of a family sedan with a high performance electric drive train that still feels like a 911 and handles and brakes like a 911 is something that Tesla does not offer. But it is clear that Tesla has not focused on offering this either. The MS is aimed at a wider audience and is a more practical car being a hatchback with seating for 5 while the Taycan has a smaller trunk and seating for 4. The M3 has proven to be a very effective competitor for the BMW 3, Merc C-class, etc. at a price that now substantially undercuts the comparable models. However, this is also not the class with which the Taycan competes. In this context, it makes no more sense to compare a M3 to a Taycan than it would to compare a BMW M3 with a Panamera. In both cases, the Porsche is far more expensive and aimed at a different buyer.
The area where the Taycan will not compete well with Tesla is range and charging. Specifically, all the car mags suggested that the Taycan may only have a 230 to 250 mile range. Also, it will rely on Electrify America charging stations which apparently charge significantly more than Superchargers. Thus, road trips will likely be less convenient and more expensive with a Taycan than with a Tesla.