Prochorovka is one of the best-known of the many battles on the Eastern Front during World War II. It has been covered in articles, books and televised historical docuмentaries, but these accounts vary in accuracy; some are merely incomplete, while others border on fiction. In the generally accepted version of the battle, the three SS divisions attacked Prochorovka shoulder to shoulder, jammed into the terrain between the Psel and the railroad. A total of 500 to 700 German tanks, including dozens of Panzerkampfwagen Mark V Panther medium tanks with 75mm guns and Panzerkampfwagen Mark VI Tiger heavy tanks with deadly 88mm cannons, lumbered forward while hundreds of nimble Soviet T-34 medium tanks raced into the midst of the SS armor and threw the Germans into confusion. The Soviets closed with the panzers, negating the Tigers' 88mm guns, outmaneuvered the German armor and knocked out hundreds of German tanks. The Soviet tank force's audacious tactics resulted in a disastrous defeat for the Germans, and the disorganized SS divisions withdrew, leaving 400 destroyed tanks behind, including between 70 and 100 Tigers and many Panthers. Those losses smashed the SS divisions' fighting power, and as a result Hoth's Fourth Panzer Army had no chance to achieve even a partial victory in the south.

While it makes a dramatic story, nearly all of this battle scenario is essentially myth. Careful study of the daily tank strength reports and combat records of II SS Panzer Corps–available on microfilm at the National Archives in Washington, D.C.–provides information that forces a historical reappraisal of the battle. These records show, first of all, that Hausser's corps began with far fewer tanks than previously believed and, more important, that they suffered only moderate losses on July 12, 1943. As those reports were intended to allow the corps commander to assess the combat strength of his divisions, they can be considered reasonably accurate. Considering that information, it seems that the Germans may have been near a limited success on the southern flank of the salient.

The number of SS tanks actually involved in the battle has been variously reported as high as 700 by some authorities, while others have estimated between 300 to 600. Even before the Battle of Kursk began, however, the II SS Panzer Corps never had 500 tanks, much less 700. On July 4, the day before Operation Citadel was launched, Hausser's three divisions possessed a total of 327 tanks between them, plus a number of command tanks. By July 11, the II SS Panzer Corps had a total of 211 operational tanks–Totenkopf had 94 tanks, Leibstandarte had only 56 and Das Reich possessed just 61. Damaged tanks or tanks undergoing repairs are not listed. Only 15 Tiger tanks were still in action at Prochorovka, and there were no SS Panthers available. The battalions that were equipped with Panthers were still training in Germany in July 1943.

On July 13, the day after the Battle of Prochorovka, Fourth Panzer Army reports declared that the II SS Panzer Corps had 163 operational tanks, a net loss of only 48 tanks. Actual losses were somewhat heavier, the discrepancy due to the gain of repaired tanks returned to action. Closer study of the losses of each type of tank reveals that the corps lost about 70 tanks on July 12. In contrast, Soviet tank losses, long assumed to be moderate, were actually catastrophic. In 1984, a history of the Fifth Guards Tank Army written by Rotmistrov himself revealed that on July 13 the army lost 400 tanks to repairable damage. He gave no figure for tanks that were destroyed or not available for salvage. Evidence suggests that there were hundreds of additional Soviet tanks lost. Several German accounts mention that Hausser had to use chalk to mark and count the huge jumble of 93 knocked-out Soviet tanks in the Leibstandarte sector alone. Other Soviet sources say the tank strength of the army on July 13 was 150 to 200, a loss of about 650 tanks. Those losses brought a caustic rebuke from Josef Stalin. Subsequently, the depleted Fifth Guards Tank Army did not resume offensive action, and Rotmistrov ordered his remaining tanks to dig in among the infantry positions west of the town.