News
The Lucid Air Dream Edition R’s first in-depth review reveals the car is a stunner
Lucid frontman Peter Rawlinson has spent plenty of years in the electric vehicle realm, so he definitely has an idea of what goes into creating a fast, luxurious, and effective electric car. Prior to his time at Lucid, Rawlinson was one of the key members of Tesla’s Model S development team back in the early 2010s, before leaving the company to pursue his own interests, eventually landing at Lucid Motors. As the electric vehicle sector continues to develop quite nicely in the grand scheme of things, with both exclusively electric companies and legacy automakers all contributing to the sustainable energy transition, Lucid is set to deliver its first vehicle, the Air Dream Edition sedan, later this year, and Motortrend got an in-depth and exclusive look at the car that could quite possibly be the king of the hill when it enters the market.
Design
One of the sharpest vehicles in the automotive sector, the Air Dream Edition was outfitted in Eureka Gold for this breakdown by Motortrend. Reminiscent of the Citroën DS redesigned for Blade Runner, the car is simple yet futuristic in its design. It’s a long sedan, and in photographs almost reminds me of an older Ford Taurus in its “boaty” nature. However, it is much more pleasing to the eye, in my opinion. (The Ford Taurus was my second car. I drove it to class in college, and Lord, I hated that thing.)
Credit: MotorTrend
Sleek and luxurious, the reviewers were more particular to this interior than that of the Tesla Model S, stating that “every Tesla since day one has seemingly shipped without a finished interior, Lucid not only crafted a perfectly wonderful luxury-car cabin, but it also smartly avoided the screens über alles aesthetic that plagues cars like the Mercedes EQS.” Truth is, the Air interior is still relatively simplistic, and while it does have a few more bells and whistles than the Tesla Model S, it is not all that different other than an extended instrument cluster, a repositioned center screen, and more material options.
Credit: MotorTrend
Performance
The Air Dream does not drive like a Lotus, which Rawlinson wanted when he designed the car: the look of a Mercedes with the ride of a Lotus. In fact, Jonny Lieberman, who wrote MotorTrend’s review, said it’s more like a Nissan GT-R. It has great handling, and with 933 horsepower, it’s extremely quick. Couple these performance tidbits based on Lieberman’s experience with the already stunning design and comfortable interior, and you have a car that is sure to appeal to many.
Carving turns in the Air was one of the highlights of the test drive. “I assumed the Air Dream Edition R would be decent enough to drive around big sweepers, but about 10 miles into our run up Angeles Crest Highway, I discovered the car enjoyed being manhandled through tight corners,” Lieberman wrote. The harder he drove the car, the better it performed, making it an ideal choice for a scenic joyride through winding and curvy rods, especially with the all-wheel-drive system to help navigate through those corners.
Not only is the car fun to drive, but it’s fast too, even if it’s over 5,000 pounds. Impressive with this pre-production Air model that was available for the test drive, the car will only improve as Lucid begins cranking out production models of the vehicle soon. This is where Lieberman expects Lucid to improve on an already great car. The front end seemed to be a little too free for his liking, while the back tires provided sufficient grip and maneuverability through tight corners. According to Lucid’s Director of Chassis and Vehicle Dynamics David Lickfold, the front spring rate will be reduced by 10% before production begins. The anti-roll bar will be stiffened for more support and stability, and active dampers will get an adjustment, too, providing an even smoother ride than already given.
Credit: Motortrend
Three Drive Modes
The Air will come with three available drive modes, as Lickfold was curious about the condition of the roads that the Air was being tested on by MotorTrend. He suggested Lieberman leave it in Swift Mode, the second option, between Smooth and Sprint.
- Smooth Mode: Motors limited to 670 horsepower, softens dampers and brake pedal feel, the steering wheel is “free” feeling
- Swift Mode: Motors limited to 670 horsepower, much firmer feel than smooth mode, suitable for quicker driving on winding roads, but still holding back some performance
- Sprint Mode: Motors can reach full 933 horsepower potential, dampers are very hard, extremely sporty driving feel with “Tesla Plaid-like battery conditioning” for battery performance
Swift Mode brings out about 75% of the total power output, according to Emad Dlala, Lucid’s Senior Director of Efficiency and Energy Technology.
Credit: MotorTrend
Efficiency, Range, Battery Pack
The Air Dream Edition R is supposed to have 500 miles of range at a minimum, and the EPA will either confirm or deny this when it certifies the car in the coming months. MotorTrend decided to test the range on its own terms with a drive from Los Angeles to San Francisco, close to 350 miles. Not only did this drive provide some insight on how the range of the vehicle would be, but it would also give the reviewers an opportunity to get a look at what the vehicle would be like in its most frequent way of travel: abiding by speed limits and traffic rules during highways, while having to navigate through traffic and provide the driver and passengers with safety, but also entertainment and comfortability through the lengthy quest up the California coast.
It’s a smooth ride, there was wind noise, a common complaint among EVs due to their lack of an engine to drown out road sounds, but tire noise was minimal, Lieberman said. The car sat on Pirelli P Zeros, specifically designed for Lucid. After 205 miles of driving, the range of the vehicle had gone from 503 miles to 286, so there was slightly more energy usage through the 205 miles of driving as 217 miles had been subtracted from the range since the start of the trip. The additional range usage was due to air conditioning, so Lieberman adjusted the temperature from 69 to 71 to see if there was any impact.
The team arrived in San Francisco with 69 miles of range remaining, not needing to charge up at any point during the drive.
-
Credit: Motortrend
While Lucid still remains very vague in terms of when the Air Dream Edition will begin deliveries, the company still expects them to occur this year. With its unique design, different drive modes, impressive range, fast performance, and sporty but luxury interior, the car is certainly one of the most-anticipated EVs in the last several years. The car, along with Tesla’s vehicles, continues to chip away at the idea that range anxiety is an issue and EVs are not fast and fun. The Air is its own vehicle, and it’s important to not count it out before it hits the road, especially as Lieberman, who has reviewed hundreds of vehicles, was quite impressed by the Air Dream Edition.
Don’t hesitate to contact us with tips! Email us at tips@teslarati.com, or you can email me directly at joey@teslarati.com.
SpaceX stock did the opposite of what most of Wall Street expected this week, when the day designed to be its most dangerous turned into a rally, and the rally kept going.
Thursday marked the first major lockup expiration since SpaceX’s June IPO, making roughly 911.5 million insider held shares eligible to trade for the first time, more than doubling the company’s public float. Analysts and short sellers had spent weeks bracing for a flood of selling, especially after the stock fell 13 percent following its first earnings report as a public company on Tuesday. Instead, shares rose 6.1 percent Thursday to close at $114.92, and by Friday they were trading near $129, up more than another 12 percent on the day.
SpaceX shorts get warned by Musk ally, echoing Tesla’s early struggles
The setup made the outcome notable. Short interest had climbed to roughly 34 percent of the float heading into earnings, among the highest of any large cap stock, with about 95 percent of available shares to borrow already on loan. CEO Elon Musk warned short sellers twice in the weeks before the lockup, writing on X that “the survival probability of firms who maintain a significant short position in SpaceX over time is very low,” then following up on the morning of earnings with “I try to warn them, but they just double down.”
When the newly unlocked shares hit the market and the selloff never showed up, some of that short position appears to have started unwinding. TipRanks reported that options activity shifted toward bullish strategies like put selling and risk reversals following the rally, with roughly $600 million in options premium trading Thursday alone. Retail buyers also stepped in during the earnings dip, according to Vanda Research.
The fundamentals behind the stock have not changed much in a week. SpaceX’s revenue nearly doubled year over year to $7.8 billion, with Starlink subscribers doubling to 12 million and the company’s AI segment growing 247 percent. What spooked investors on Tuesday was the spending side. Capital expenditures jumped to more than $18 billion for the quarter, up from $2.8 billion a year earlier, with AI investment alone rising from $749 million to $15.8 billion. Wall Street remains split on whether that spending is building infrastructure SpaceX needs or outrunning what the business can currently support, a debate Teslarati has tracked since shares first came under pressure.
None of that resolves the bigger question hanging over the stock. Thursday’s release was only the first of nine staggered lockup tranches, with roughly $800 billion worth of additional shares scheduled to become eligible through October, and Musk’s own stake stays locked until next June. If this week is any indication, the market is treating that supply as something it can absorb rather than something to fear, at least for now.
-
News
The Boring Company’s newest Vegas Station has a permit quietly waiting behind it
Sahara Las Vegas opened a new Vegas Loop station, joining an exclusive two resort transit club.
Sahara Las Vegas opened a new Vegas Loop station Thursday, giving The Boring Company’s underground transit system its northernmost stop yet on the Strip. The station sits at Sahara’s Paradise Road entrance, on the southeast corner of Las Vegas Boulevard and Sahara Avenue, and connects riders to the Las Vegas Convention Center, other Strip resorts on the network and, eventually, Harry Reid International Airport.
The addition makes Sahara the second resort, after Fontainebleau opened its own station in January, to get a stop built at street level rather than tucked into the property itself. Sahara now joins Westgate as the only two Strip resorts offering both a Vegas Loop station and a stop on the Las Vegas Monorail, giving guests two separate ways to get around without leaving the property.
The Boring Company just doubled its tunneling power in Nashville
The bigger news buried in Thursday’s announcement is what comes next. Boring Company has already secured its first permit to tunnel north of Sahara Avenue, extending the network beyond where it currently ends, even though permits to push the Loop toward downtown Las Vegas still haven’t been granted. Crews are also working on a two mile dual tunnel line running from Westgate to a planned station at 4744 Paradise Road, just north of Tropicana Avenue, that Las Vegas Convention and Visitors Authority CEO Steve Hill has said the company hopes to open in time for November’s Las Vegas Grand Prix.
Ridership has grown alongside the buildout. The Loop moved roughly 82,000 passengers during CONEXPO in early March, a total the company highlighted on its own X account at the time, and the system has now carried more than 4 million passengers through 11 open stations since it began running in 2021. The airport connector tunnels, meant to give the Loop a direct link to Harry Reid, have slipped past their original first quarter target and remain under construction, with Boring Company director Mike Baier saying that a full opening is still a few months out.
For Sahara, the calculation is straightforward. Convention traffic drives a large share of Loop ridership, and a station at the property’s front door gives conventiongoers one more reason to book rooms on the Strip’s north end instead of closer to the convention center itself.
-
Elon Musk
Tesla’s mysterious Robovan makes a sneak peek with Optimus in Terafab video
Elon Musk shared a new Terafab video showing Optimus, Robovans, and a stunningly futuristic campus.
Elon Musk posted a new video of Terafab on X Thursday morning, and the most eye-catching details in it were not the building itself, but two products still awaiting production: Optimus and the Robovan.
The concept render, credited to SpaceX, shows Optimus robots working the grounds of the roughly 2.5-mile-long facility planned for the Gibbons Creek site in Grimes County, while a Robovan glides along an elevated roadway cutting through the building itself, sharing the frame with a Tesla Semi and a Cybercab.
Robovan is the boxy, driverless people and cargo mover Musk unveiled alongside Cybercab at Tesla’s “We, Robot” event in October 2024. He pitched it as a way to move up to 20 passengers at once, or handle freight instead, at a target cost he claimed could fall under a dollar a mile, with no steering wheel or pedals, the same layout as Cybercab. Nearly two years later, Robovan still has no confirmed production timeline and has not shown up in any factory footage, which makes Thursday’s render one of the only recent looks at the vehicle in any form.
Terafab Texas will be the largest and most valuable building on Earth by far.
And it will be stunningly beautiful. pic.twitter.com/4NweOqTL7y
— Elon Musk (@elonmusk) August 6, 2026
Optimus has moved further along. Tesla began converting Fremont’s old Model S and Model X assembly line into a Gen 3 Optimus production line earlier this year, and Musk visited the site on July 1 to mark the changeover. A second, larger Optimus plant is under construction at Giga Texas, targeting volume production in summer 2027 and eventual capacity of 10 million units a year. Tesla AI lead Ashok Elluswamy said this month the robot has “big shoes to fill” in replacing the S and X line, while Musk has repeatedly called Optimus the company’s biggest product of any kind, with a long-term price he has pegged between $20,000 and $30,000.
-
Check out the “Robovan” from @Tesla
📸: @Teslarati pic.twitter.com/D4es2i9NUe
— TESLARATI (@Teslarati) October 11, 2024
“Terafab Texas will be the largest and most valuable building on Earth by far,” Musk wrote alongside the clip. “And it will be stunningly beautiful.”
One quote post summed up the reaction: “Futuristic scene with RoboVan + Cybercab + Tesla Semi + Optimus.”
Beyond the vehicles, the architecture wrapped around them stands out too. The building’s facade is canted at sharp angles, with illuminated horizontal bands running through what appears to be a multi level interior visible from outside. Below the elevated roadway, pedestrians walk along a plaza next to a reflecting pool, and the skyline behind the campus is dotted with angular spires that read more like sculpture than infrastructure, a departure from the strictly utilitarian look of Gigafactory Texas or Starbase.
The timing tracks with what Terafab representative Riley Trennell told Grimes County residents on Wednesday, when he said renderings of the facility would be released “within days.” Musk’s post followed less than 24 hours later, and Texas Governor Greg Abbott’s office sent out its own release Thursday confirming the project. As Teslarati reported this morning, Terafab’s tax abatement agreements with Grimes County are now signed and active, and SpaceX has sent the county its first $10 million payment under that deal. The dollar figure tied to this phase of construction, per Reuters, is $16.8 billion, one of the first hard capital expenditure numbers attached to Terafab since Musk unveiled the joint Tesla-SpaceX-xAI venture in March.Reaction on X ranged from enthusiastic to skeptical. “God Bless Texas! Everything is bigger and better in Texas!” one reply read. Another was more measured: “Terafab in a decade…..”
Whether the finished building matches the render is a separate question from whether Musk wanted people talking about the render itself. Less than a day after posting, the video had already crossed 5.5 million views.
-
Elon Musk and SpaceX shrugs off the trading day Wall Street feared most
The Boring Company’s newest Vegas Station has a permit quietly waiting behind it
