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Lucid unveils Air’s Dual-Motor, 1,080 HP powertrain and 9.9-second quarter mile
Lucid Motors has released details on the powertrain it will use for its first electric vehicle, the Air. Lucid will equip the vehicle’s top configuration with a Dual-Motor, All-Wheel-Drive powertrain that is capable of 1,080 horsepower. Additionally, the Air was able to complete consecutive quarter-mile runs at under 10 seconds.
Lucid has developed the Air since 2016, and it has been fine-tuning the vehicle’s powertrain and all-electric, 113 kWh battery pack in preparation for entry into an increasingly competitive market. Over the past few weeks, the automaker has slowly released numerous details about the Air and its capabilities, starting with its 517-mile range and interior features. Now, Lucid is getting to the good stuff and is detailing its all-electric powertrain, which is the fastest to ever complete a quarter-mile.
The quarter-mile record was set by the Air’s Dream Edition variant at Sonoma Raceway in Northern California. Not only did the Air manage to set the record for the fastest quarter-mile time for an EV, but it beat the Tesla Model S and Porsche Taycan in the process.
Peter Rawlinson, CEO and CTO at Lucid, said that the company’s watchword has been “focus” since day one. But the focus goes much further than creating a fast performance vehicle.
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- Credit: Lucid Motors
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- Credit: Lucid Motors
“Our watchword has been ‘focus’ since day one at Lucid – a focus on sound engineering principles, a focus on creating efficiencies, and a focus on maximizing power to create a world-class EV,” Rawlinson said.
Lucid’s focus has been to create a vehicle that highlights the optimization that the company’s engineering teams have worked on for the last three-and-a-half years. At the heart of the Air, a 900V+ electric drive unit that is small enough to fit in a regular suitcase packs over 650 horsepower. It is 45% lighter and 59% lighter than the closest competitor, the company said. At speeds capable of up to 20,000 RPM, the Lucid powertrain holds significant advantages over any car in the electric vehicle market.
“When the Lucid Air comes to market next spring, the world will see that we have developed the best electric vehicle technology possible by a wide margin and effectively created a new benchmark for EVs. The result is nothing short of a technological tour de force in every facet upon which a luxury performance car is measured,” Rawlinson said.
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- Credit: Lucid Motors
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- Credit: Lucid Motors
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- Credit: Lucid Motors
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- Credit: Lucid Motors
Creating efficiency with every part of an electric vehicle was crucial to Lucid’s mission to develop a world-class powertrain. The Air’s internal parts can achieve high-performance through a series of new inventions that are part of lucid’s intellectual property.
“Most notably, an elegant and revolutionary new motor winding technology has been introduced to maximize power output and reduce electrical losses. The motor also features an innovative cooling system that more effectively removes heat from
the stator winding, minimizing losses and boosting efficiency,” the company said in a release.
The compact design, which Teslarati detailed in late-August, paves the way for the electric drive unit to take up as little room as possible while powering the Air to new heights.
“This is achieved in part by the transmission and differential, which have been fully integrated for the first time in an electric motor – together, they comprise a single rotational system that is both lightweight and extremely efficient. Meanwhile, Lucid
leverages a high voltage, silicon-carbide MOSFET system in its inverters to maximize efficiency, especially in real-world driving conditions,” Lucid said.
Lucid will debut the Air during an online reveal event on September 9, 2020. In addition to the Air’s finalized interior and exterior designs, Lucid will also release new details about pricing, production specifications, and available configurations during the event.
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Elon Musk’s space exploration company, SpaceX (NASDAQ: SPCX), is set to report its earnings for the second quarter today in what will be its first-ever earnings call since going public in July.
SpaceX is trading down roughly 25 percent from its IPO. These early stock signals are usually a bit tumultuous, and considering this is the first company actively launching rockets that is available on the stock exchange, investors might have a tendency to be a bit skittish.
However, there are going to be some details that investors will hear for the first time today on the earnings call. Here’s what to look for:
Wall Street Expectations
Revenue is expected to fall somewhere around $6.8 billion, and will be heavily driven by Starlink, which is SpaceX’s widely popular satellite internet platform that has been adopted by numerous airlines, cruise ships, and other maritime operations. It is also available for consumers at home or in their cars.
Earnings Per Share (EPS) expectations fall at a net loss of $0.23 per share. Wall Street sees this as a total net loss of roughly $1.9 billion.
EBITDA is expected to come in between $2 billion and $2.1 billion.
What Investors Want to Know
Tesla uses the Say platform to help work with both retail and institutional investors to answer relevant and quality questions that address concerns or questions that they might have.
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However, SpaceX is doing things differently, as the company launched its own Investor Relations website where these questions are being fielded. Just like the Tesla questions, they seem to be less focused on the operational tasks and overall progress of the company, and more novelty.
Here are the top five:
- Has the team thought about what possibilities there are with your mascot Asteroid? Whether it’s starting additional foundations for kids in its name, helping kids learn about space, etc. Kids are our future, and Asteroid would be a fun and easy way to help.
- Baby Asteroid is already making a difference through charity around the world. Could SpaceX take it even further with programs that inspire kids to explore space?
- SpaceX has some legendary vehicle names. Would you ever allow the public to name a Starship, even knowing there is a 99% chance it becomes Shipy McShipface?
- When can we expect to see more footage of the Human Landing System?
- Will Asteroid (your mascot) go to Mars?
SpaceX will report its earnings today, August 4, at 4:30 P.M. EDT.
Lemonade has expanded its innovative Autonomous Car insurance program to Tennessee, giving Tesla owners in the state a substantial discount on Full Self-Driving (FSD) miles. Announced on August 3, the product offers 50 percent off every mile driven with FSD activated, positioning the digital insurer as a leader in pricing insurance around autonomous technology.
The program, marketed as Lemonade Autonomous Car insurance, uses a direct connection via Tesla’s Fleet API (with customer permission) to automatically distinguish FSD-engaged miles from manual driving. Policyholders pay a low base rate when the vehicle is stationary and a few cents per mile when moving, with the 50 percent reduction applied specifically to FSD miles.
If you’re driving a Tesla in Tennessee, FSD miles now cost 50% less to insure with Lemonade. Autonomous Car is now live in TN.https://t.co/4CDTuhyORi pic.twitter.com/QZk4LBIs6f
— Lemonade (@Lemonade_Inc) August 3, 2026
Coverage includes standard protections such as liability, collision, comprehensive, roadside assistance, and Tesla-specific benefits like access to certified repair shops and emergency crash services. Eligible vehicles require Hardware 4, as well as recent firmware.
Lemonade first unveiled the product on January 21 of this year, describing it as a first-of-its-kind offering designed for self-driving cars, starting with Tesla FSD. It began rolling out in Arizona on January 26, followed by Oregon about a month later. Subsequent expansions brought it to Indiana in early June 2026 and Colorado later that month.
Tennessee marks the fifth state.
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Tesla Full Self-Driving gets outrageous insurance offer with insanely cheap rates
The discount rests on Lemonade’s strong belief in the safety of Tesla’s FSD system. The company cites Tesla’s data showing that FSD-driven miles are twice as safe as those driven manually, or associated with roughly a 50 percent crash reduction.
Lemonade Co-founder and President Shai Wininger has emphasized this distinction: “Traditional insurers treat a Tesla like any other car, and AI like any other driver. But a car that sees 360 degrees, never gets drowsy, and reacts in milliseconds can’t be compared to a human.”
He added that “Teslas driven with FSD are involved in far fewer accidents” and committed that as FSD software improves and becomes safer, Lemonade’s prices will drop further.
Tesla Full Self-Driving gets an offer to be insured for ‘almost free’
This approach leverages Lemonade’s existing pay-per-mile technology and AI-driven risk models, which analyze nuanced vehicle data including software version and sensor performance. The company expects the model to reward higher FSD usage with greater savings while supporting mixed households that include both Tesla and non-Tesla vehicles under one policy. Bundling with home, renters, or pet insurance can yield additional discounts.
As autonomous driving technology advances, Lemonade’s state-by-state expansion of usage-based pricing that directly reflects real-world safety data represents a notable shift in how insurers evaluate risk.
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Tesla owners in the five available states – Arizona, Oregon, Indiana, Colorado, and now Tennessee – can obtain quotes quickly through the Lemonade app or website, potentially lowering the overall cost of ownership for vehicles equipped with advanced driver-assistance systems. Further states are expected as regulatory approvals progress.
Tesla has continued to flex the strength, rigidity, and robustness of its all-electric pickup, the Cybertruck. In fact, since 2019, Cybertruck’s ability to avoid dents, dings, and even gunfire has been one of the main selling points Tesla has used to attract buyers who are looking for a vehicle that can handle the most intense challenges.
But that does not mean Tesla is not still actively trying to make it even better.
In a new hardware update, Tesla has decided to change the material of the Cybertruck’s underbody panels from aluminum to carbon fiber, a move that aims to not only increase pricing efficiency but also improve strength.
RELATED:
Cybertruck Lead Engineer Wes Morrill confirmed the change was made to the Cybertruck recently after it was spotted by Coleton Guerin of Out of Spec. This particular trim level was a Cyberbeast, but it is being applied to all trims to keep supply chain efficiency high and have less variance across trim levels.
Morrill said that Tesla tested different materials for the underbody panel protection, and carbon fiber performed better than aluminum, which is what the company was using since its first deliveries in 2023.
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Additionally, there are some efficiency improvements because Tesla can better form the areas around the bolts to keep underbody airflow cleaner than previously.
good eye – it’s a new material. Testing showed it to be more durable than the aluminum while being lower weight and cost. Also slight efficiency improvement since we can better form the areas around the bolts to keep the underbody airflow cleaner than what stamped aluminum allows
— Wes (@wmorrill3) July 30, 2026
Carbon fiber is traditionally lighter and more durable than aluminum, which is why it is such a popular material among luxury automakers, and EV makers will utilize some of the materials around battery packs to save weight.
This is the first instance of Tesla utilizing carbon fiber on the Cybertruck’s exterior to help with overall performance and strength. As previously mentioned, Tesla used aluminum to protect the underside of the body, but it is pretty typical for the company to continue making engineering changes that will improve the car in the future.
SpaceX to report first-ever earnings today: here’s what to expect
Tesla Full Self-Driving insurance program with heavy discount expands
