Formula 1 is designed under very very strict, often year specific, rules, from aerodynamics, suspension, to max power capability. I'm not sure it's fair to compare them, since the context is so different. In that video (6:13), they even admit that's the main advantage: the unregulated freedom of the design.

A better comparison would be a Volkswagen ID.R with an ICE compared to an electric Volkswagen ID.R. At this point in the tech, the ICE will almost certainly win.

That car is solidly in the 'blink and you've missed it' category. There is a recording of the record attempt with snippets of comments from people watching in person and it is essentially a multiple minutes long string of expletives.