DJI don't claim that the Tello's allegedly RAW video is lossless and that's a clue that it isn't. In fact, the Tello claims to stream MP4 video which, in terms of consumer delivery, invariably means compressed and lossy - and if accurate means that the RAW data has already been processed into video before it is streamed.
RAW video isn't video at all but a bunch of binary 101010 digits which can't be viewed until they have been processed into video. We are used to drone cameras which process the sensor data on the fly using the lossy H.264 codec to write video files to the memory card.
But perhaps the Tello is streaming binary unprocessed data rather than video to the receiving device which does all the processing remotely - presenting you with an encoded video which is certainly not RAW as it will contain all the colour, exposure, sharpness and other data that you need in order to see it. It will be an H.264 video and you will not have access to any of the flat, RAW data that pro video editors want. So you are definitely not getting RAW video from the Tello, even if your device is receiving RAW data - which, for reasons given below, isn't possible.
The Tello's maximum bitrate setting is 4mbps which happens to be the
recommended bitrate for H.264 video.
Uncompressed RAW 720p 8-bit video data would require approx
2.6MB per frame or around 250mbps (78 MB/sec) - which is approx 60 times higher bitrate than the Tello's max.
Given that the
maximum possible lossless compression of RAW video data is 1:2 (albeit one geek claims 1:3), the Tello would need a bitrate of at least 80mbps to stream RAW data, which is 20 times higher than its max.
So, I look forward to seeing the result of your "RAW" video test.