> The model S dominates when it comes to acceleration
There are multiple Model S here. The P85D which "dominates" acceleration has a curb weight of 5000lbs and likely handles like a boat. (The typical F150 truck actually weighs less than the Model S P85D).
The older, more typical Model S, have Zero-to-Sixty scores in the 5-seconds to 6-seconds range, which is easily bested by the Subaru WRX STI.
The Model S probably wins on rolling-start 5-to-sixty, as the ICE engines won't be able to rev-high and drop the clutch.
Only Model S P85D "dominates" in acceleration, and that car comes with its own compromises.
> road (!= track) handling due to the low center of gravity
Model S measures .87g for road holding according to Car and Driver (http://www.caranddriver.com/tesla/model-s), while the other cars I was talking about are all easily above .9+g. I'm unsure which model it is, I can only assume that's a more typical Model S as opposed to the heavier-than-a-Toyota-Sienna swagger-wagon P85D.
Electric vehicles are heavy, and that negatively plays into its performance characteristics.
> You have to keep in minds that the model S is a 4 door, 2 trunk luxury sedan, not a race car.
Indeed. But if you want to step into the arena of "high performance", what better comparison is there than a standardized track?
As for the apples-to-apples comparison, try 1:40 for the Cadillac CTS-V Sedan on the Leguna Seca, while 1:48 seems to be the best time for the Model S. Luxury sports sedan vs Luxury sports sedan, both are $85,000+ large cars claiming awesome performance after all.
https://www.youtube.com/watch?v=0TcCuzaRFIw