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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.
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Tesla CEO Elon Musk posted a photo of himself standing with the Optimus production team inside Tesla’s Fremont factory, arms crossed amid workers in hard hats and safety vests. The image captures a pivotal industrial shift: the same facility space once dedicated to building Tesla’s flagship Model S sedan and Model X SUV is now home to the company’s humanoid robot manufacturing line.
Walking the Optimus production line in Fremont pic.twitter.com/ABS0tuRibW
— Elon Musk (@elonmusk) July 1, 2026
Tesla’s Fremont Factory, acquired in 2010 from the former NUMMI joint venture between Toyota and GM, has been the company’s original U.S. manufacturing hub since Model S production began in 2012.
The Model X followed soon thereafter. These premium vehicles offered lower annual volumes, recently around 30,000 combined, compared to the high-volume Model 3 and Model Y lines that continue around the site. Over their combined run, the S and X accounted for roughly 610,000 units.
In late January 2026, during Tesla’s Q4 2025 earnings call, Elon Musk announced the end of Model S and Model X production in Q2 2026. The final vehicles rolled off the line in early May. Rather than retooling for another vehicle, Tesla chose to convert the dedicated S/X assembly area into a dedicated Optimus Gen 3 production line.
Model 3 and Y manufacturing remains unaffected. Tesla’s official Fremont Factory page now lists Optimus alongside the 3 and Y as core products.
The conversion was executed with remarkable speed. After production stopped, crews dismantled the existing vehicle line and installed entirely new modular equipment—including lines sourced from Germany and dozens of sub-lines for actuators, batteries, and other components—in roughly four months.
Musk described the timeline as “insanely fast,” noting it would be unprecedented for any other manufacturer. Initial Optimus output is expected to ramp slowly due to the robot’s roughly 10,000 unique parts and the brand-new production processes involved. The Fremont line targets an eventual capacity of 1 million Optimus units per year.
Tesla isn’t joking about building Optimus at an industrial scale: Here we go
Optimus Development Timeline
- August 19, 2021: Optimus (then called Tesla Bot) formally announced at Tesla’s first AI Day. A concept video showed a person in a suit demonstrating the vision for a general-purpose humanoid capable of dangerous, repetitive, or boring tasks using the same AI architecture as Full Self-Driving.
- 2022: Early prototypes displayed. At the second AI Day in September, semi-functional units demonstrated walking across a stage and basic arm movements
- 2023: September videos showed improved capabilities, including sorting colored blocks, precise limb awareness, and holding a Yoda pose.
- 2024-early 2025: Factory integration videos showed Optimus navigating workspaces and handling objects like battery cells.
- January 2026: Gen 3 mass-production activities began at Fremont, with reports of over 1,000 Gen 3 units already operating inside the factory for real-world learning and AI training
- April 2026: Musk confirms Optimus production on converted Fremont line would begin in late July or August 2026. The Gen 3 reveal, originally eyed for Q1, was pushed closer to production start. A second, much larger Optimus factory at Giga Texas is under construction, with volume production targeted for Summer 2027 and long-term capacity of 10 million units annually
- July 1, 2026: Musk’s on-site visit and team photo confirm the Optimus line is operational and the transition is actively progressing
Tesla positions Optimus as potentially its largest project ever, leveraging vertical integration, AI expertise, and car-like manufacturing know-how to scale humanoid robots first for its own factories and later for broader industrial and consumer use.
The Fremont conversion serves as a critical proving ground for this ambitious new chapter in Tesla’s already-rich history.
Investor's Corner
Tesla gets its latest short from Michael Burry: ‘Happy it jumped back to this level’
Tesla short seller Michael Burry, the subject of the film “The Big Short,” where he was portrayed by Steve Carell, has revealed he has opened a new bet against the stock.
In a new update to his Substack newsletter in a post titled “Trading Post June 30, 2026,” Burry revealed a new set of bets against Tesla, Caterpillar, NVIDIA, Applied Materials Inc., and the iShares Semiconductor ETF.
In regard to Tesla, Burry wrote:
“And finally I shorted Tesla at 416.22. Happy it jumped back to this level.”
This means Burry likely opened his new short position after the company’s recent rally on Wall Street, which saw Tesla shares sink in mid-May, only to recover to well over the $400 mark. Currently, shares trade at around $427.
The company saw a big Tuesday as shares climbed considerably, over 10 percent. The size of the Tesla short was not provided, nor did Burry give any information on the position’s structure, the number of shares, dollar value, or whether options were used in the short.
The Tesla and SpaceX merger everyone is talking about is quietly building
Over the years, Burry has been one of the more vocal critics of Tesla, calling its share price “media inflated,” and saying it was “ridiculously overvalued” as recently as December.
The company has largely transitioned away from being known as an automotive company and instead is much more widely regarded as an AI play, mostly due to its Full Self-Driving efforts, Optimus robot development, and data collection related to both.
This has not pulled those skeptics away from being vocal about their distaste for how Tesla is valued, but there’s no denying that the company is a global force in many things, including sustainable energy, automotive, and AI.
Wedbush Securities is initiating stock coverage on SpaceX (NASDAQ: SPCX), marking the first comments on the company since it went public several weeks ago. Wedbush and its analyst handling coverage, Dan Ives, are widely bullish on fellow Musk company Tesla (NASDAQ: TSLA).
Ives wrote his first note initiating coverage of SpaceX shares on Wednesday with a $190 price target and an ‘Outperform’ rating. The firm believes the company is well positioned off of its IPO because of its wide array of projects, including AI compute power and infrastructure, connectivity projects, and launches.
“We view SpaceX as one of the most differentiated assets within the tech market with a strong footprint across its three core markets, with Starlink driving success with connectivity,” Ives wrote, “Starship launches leading to a demand flywheel and increasing deal flow for its Colossus clusters.”
Elon Musk called it Epic: The full story of SpaceX’s Starship Flight 12
Wedbush leans heavily on Starlink, which they say is the “profitability driver given the strength of its recurring revenue base of ~12 million subscribers as of June 5th.” Ives believes Starlink is still in the “early innings” of penetrating the global telecommunications and broadband market, as it only holds less than a 1 percent share. However, this number is sure to increase over time.
It also highlights the importance of Starship, which it says is an “essential layer” of SpaceX’s overall success. SpaceX developing and displaying the ability to reuse rockets is a major cost and reliability advantage “as it reduces the necessary hardware launch costs while generating a feedback loop for future flights to improve their launch flight rate without accelerating capex spend.”
Finally, SpaceX’s recent AI/Compute projects are also very elementary, Ives writes. It is worth mentioning Wedbush said its $190 price target is derived from a valuation forecast that sees the company yielding roughly $2.48 trillion of implied enterprise value.
There are also some factors that Wedbush did not take into account with its initial coverage. The firm wrote in the note:
“We note that there is optional value coming from Starship’s accelerating scale towards sub-$200/kg unit economics, orbital data centers, and enterprise AI monetization as these factors could drive meaningful upside but these face major hurdles, so we do not take that into account with our valuation.”
SpaceX shares are down just over 2 percent today, trading at around $167 at the time of publication.
Tesla Optimus project fires up as Musk sees production line progress
Tesla gets its latest short from Michael Burry: ‘Happy it jumped back to this level’
