Both tabs should show the same favicon
Only one of the 2 tabs show the correct favicon, the other shows the default one.
Depending on the order you have opened the 2 urls, it will be either one of the other.

I was unable to reproduce this on the latest nightly on Pixel 3 XL (Android 10). I could use a second pair of eyes on this :)

@codrut-topliceanu can you please check with the following 2 urls on your end? Thanks
While https://www.lemonde.fr is ok for me,
https://www.lemonde.fr/culture/article/2020/04/20/de-killing-eve-a-derapages-quatre-bonnes-raisons-de-rester-devant-la-tele_6037241_3246.html is not
Actually, several pages in lemonde.fr, apart from the home page, are failing.
This being said, all other tests I made so far are successful.
@klint Those pages load for me, and their icons look okay, I think. I'm afraid I don't have a Xiaomi Redmi to test it on :(
Actually any page in lemonde.fr apart from the home page will fail.
Do you mean that the pages don't load at all?
Screenshot from Pixel 3xl:

Oops, I think I commented in the wrong issue, sorry for wasting your time :)
And yes, I can confirm that I can't see this very issue happening anymore.
Thanks for your help anyway.
I was able to reproduce the issue on Firefox Preview Nightly 200229 (Build #21500608) using a OnePlus 6T by performing the following steps:
Will be fixed by https://github.com/mozilla-mobile/android-components/issues/7264 and its PR : https://github.com/mozilla-mobile/android-components/pull/7266 .
AC fix merged
Verified as fixed on Nightly 7/17 with Samsung Galaxy Note 10(Android 10), and LG G7 FIT (Android 8), following the steps from the description and additional str added.