I’m not an expert on drag racing jargon (“beat the dial handicap so he lost the competition”??) so here is the commentary from video submitter, jorgbrown:
On Nov 30th, the fastest production electric vehicles in the U.S. went head-to-head. While their first meeting had a number of issues, most notably the underfilled Tango battery pack, and the Tesla’s non-upgraded drivetrain, the 1/4 mile time is quite close and indicative of races to come.
In this race, the Tango got 92.15mph in 14.480 seconds, beating its 14.7 “dial” handicap and thus losing the competition; the Tesla got 101.23mph in 14.666 seconds, slower than its 14.5 “dial” handicap and allowing it to proceed to the next round. (Two rounds later, the Tango’s driver got behind the wheel of the Tesla and also beat its “dial” handicap… and thus lost!)