After gearing, you'll have the same order of magnitude torque at the wheels as the Tesla.
Randomly picked example: Porsche G97/01 (997 Carrera 2 2005-08) First gear total reduction 13.45 (gear 3.91, rack&pinion 3.44)
So, ignoring efficiencies, you'd have a first-gear torque of 400Nm * 13.45 = 5380Nm at the wheels. Still "only" half of the Tesla, but not an earth-shattering difference anymore.
I was wondering, because I seemed to connect the expression with steering as well :-) At least I have the excuse of not being a native speaker.
Tires only rotate at ~1000 RPM on the freeway where the electric motor in a Tesla might be at 10k rpm. That 10x reduction still needs to be factored in.
Motor RPM will go higher than 10000 RPM at really high speeds.
How big is the difference?
It must be pretty substantial to offset both friction losses and gearing efficiency.
Consider that at ~0mph and ~0rpm, producing any kind of torque at all is done with ~0% efficiency, all just resistive losses as the back-EMF is effectively zero. (Note this is no different for an internal combustion engine, although the heat generated is in the clutch or similar such device...)
Friction losses don't change much as a proportion of power as you increase speed. For aerodynamic drag, however, your losses do proportionally increase with speed, so "windage" (i.e. drag from spinning parts of the motor) needs to be cleverly reduced by making the rotor aerodynamic if you're planning on operating at high rpm.
EDIT: for properly designed electric motors (i.e. thin wire windings, iron core optimized for low eddy current losses), coil resistance usually dominates even at high rpms.
Of course, they weren't trying all that hard to alleviate any confusion, and it worked even on the fairly tech-savvy HN crowd.
Ed: improved both facts and wording.
10,000nm in comparison is 7,375lb-ft, which sounds like Harry Potter land in comparison, if all of my conversions and memories serve me.
I'm kinda speechless, TBH.
700lb-ft is apparently 950Nm. So assuming the same gearing as in the sibling post (very likely a false assumption -- I guess these cars had longer gears), you'd end up with 12.7kNm of torque at the wheels.
BTW, if such traditional hot rods had automatic transmissions (they did, didn't they?), the torque converter would have amplified the torque even beyond the numbers I just gave you.