Absolutely not at the wheels, and if it is then something in the calibration is not right...The curve looks right though. If you check any Mustang dyno on a stock N54 you are looking at 240-250whp conservatively.
M235i F22: Prem.Tech.+
335 F30 MSport: Prem.Tech.NAV.+
X-335 E92: Prem.Sport.+
Audi A3: FBO.