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Lucid unveils Air’s Dual-Motor, 1,080 HP powertrain and 9.9-second quarter mile

Credit: Lucid Motors

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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.

“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.

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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.

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.

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“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.

Joey has been a journalist covering electric mobility at TESLARATI since August 2019. In his spare time, Joey is playing golf, watching MMA, or cheering on any of his favorite sports teams, including the Baltimore Ravens and Orioles, Miami Heat, Washington Capitals, and Penn State Nittany Lions. You can get in touch with joey at joey@teslarati.com. He is also on X @KlenderJoey. If you're looking for great Tesla accessories, check out shop.teslarati.com

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Tesla receives major institutional boost with Nomura’s rising stake

The move makes Tesla Nomura’s 10th-largest holding at about 1% of its entire portfolio.

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Credit: Tesla China

Tesla (NASDAQ:TSLA) has gained fresh institutional support, with Nomura Asset Management expanding its position in the automaker. 

Nomura boosted its Tesla holdings by 4.2%, adding 47,674 shares and bringing its total position to more than 1.17 million shares valued at roughly $373.6 million. The move makes Tesla Nomura’s 10th-largest holding at about 1% of its entire portfolio.

Institutional investors and TSLA

Nomura’s filing was released alongside several other fund updates. Brighton Jones LLC boosted its holdings by 11.8%, as noted in a MarketBeat report, and Revolve Wealth Partners lifted its TSLA position by 21.2%. Bison Wealth increased its Tesla stake by 52.2%, AMG National Trust Bank increased its position in shares of Tesla by 11.8%, and FAS Wealth Partners increased its TSLA holdings by 22.1%. About 66% of all outstanding Tesla shares are now owned by institutional investors.

The buying comes shortly after Tesla reported better-than-expected quarterly earnings, posting $0.50 per share compared with the $0.48 consensus. Revenue reached $28.10 billion, topping Wall Street’s $24.98 billion estimate. Despite the earnings beat, Tesla continues to trade at a steep premium relative to peers, with a market cap hovering around $1.34 trillion and a price-to-earnings ratio near 270.

Recent insider sales

Some Tesla insiders have sold stock as of late. CFO Vaibhav Taneja sold 2,606 shares in early September for just over $918,000, reducing his personal stake by about 21%. Director James R. Murdoch executed a far larger sale, offloading 120,000 shares for roughly $42 million and trimming his holdings by nearly 15%. Over the past three months, Tesla insiders have collectively sold 202,606 shares valued at approximately $75.6 million, as per SEC disclosures.

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Tesla is currently entering its next phase of growth, and if it is successful, it could very well become the world’s most valuable company as a result. The company has several high-profile projects expected to be rolled out in the coming years, including Optimus, the humanoid robot, and the Cybercab, an autonomous two-seater with the potential to change the face of roads across the globe.

@teslarati Tesla Full Self-Driving yields for pedestrians while human drivers do not…the future is here! #tesla #teslafsd #fullselfdriving ♬ 2 Little 2 Late – Levi & Mario
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Tesla rolls out fresh Supercharger pricing strategy to more locations

Live Pricing aimed to resolve some of the shortcomings of the off-peak and on-peak system, aiming to keep prices low and base them on current utilization instead of a set time when prices change.

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tesla supercharger
Credit: Tesla

Tesla has rolled out a fresh Supercharger pricing strategy to more locations, as it confirmed it has added 550 additional sites in the United States to its “Live Pricing” strategy.

Live Pricing for Superchargers launched back in May, and was the company’s latest strategy to keep charging your EV cheap, affordable, and easy to understand.

Tesla has adjusted its pricing strategy at Superchargers several times over the past few years, with the most notable being the 2020 introduction of off-peak and on-peak Supercharging rates.

Live Pricing aimed to resolve some of the shortcomings of the off-peak and on-peak system, aiming to keep prices low and base them on current utilization instead of a set time when prices change.

Tesla explained the program when it launched:

“We are piloting on-peak and off-peak pricing based on live Supercharger utilization rather than estimations. The average price remains unchanged, but this live feedback loop improves accuracy. This corrects off-peak pricing during times of congestion, or on-peak pricing when Superchargers are plentiful. You’ll always see the price before your session begins, and prices do not change mid-session. A small-scale pilot is launching at 10 sites and will expand based on feedback and success.”

The initial rollout only included Superchargers in California, but it was not all of them, only a handful instead. Tesla was attempting to launch it in a very controlled manner by using a Pilot Program that would iron out all the early bugs and potential issues it might run into.

However, the company expanded the program by launching it at an additional 550 sites in California, New Jersey, New York, Florida, and Illinois:

The price you pay is locked in when you plug in, so if the Supercharger station you are charging at becomes more crowded and the program bumps up the rates because of high utilization rates, you will still receive the cheaper price that was enabled when you arrived.

@teslarati With a pedestrian in the crosswalk, Tesla Full Self-Driving shows off its courtesy. Human drivers? Not so much. #tesla #teslafsd #fullselfdriving ♬ AMERICAN HEART – Maxwell Luke

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Tesla Robotaxi was just spotted in a new state for the first time

The company is still attempting to expand and has explicitly stated that it plans to offer rides in Nevada, Arizona, and Florida in the near future. However, a pair of Robotaxi mules, fitted with LiDAR equipment for ground truth validation, was spotted in a new region for the first time.

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Credit: Tesla

Tesla Robotaxi mules were spotted in a new state for the first time as the company plans to expand the ride-sharing service to new areas of the United States in the coming months.

Tesla is offering Robotaxi rides in Austin already, where nobody is present in the driver’s seat except for on freeway routes. In California, Tesla refers to its platform as a ride-hailing suite, and a “Safety Monitor” is present in the driver’s seat at all times, but the vehicle operates on Full Self-Driving.

The company is still attempting to expand and has explicitly stated that it plans to offer rides in Nevada, Arizona, and Florida in the near future. However, a pair of Robotaxi mules, fitted with LiDAR equipment for ground truth validation, was spotted in a new region for the first time.

Over the weekend, Tesla Robotaxi mules were spotted in Enola, Pennsylvania, just about ten minutes from downtown Harrisburg:

Enola is situated to the northwest of Harrisburg, Pennsylvania’s State Capitol. Interestingly, you’d expect Tesla to be testing these types of vehicles in other, more populated areas; Philadelphia is about two hours East, and Pittsburgh is about three hours west. State College is about an hour North of Enola.

Looking at the location of where the vehicles were spotted tells an interesting story, as Enola, located right outside of the State Capitol, could be a move to nudge legislators to consider looking at some of the laws that deal with driverless and autonomous vehicle operation.

Pennsylvania’s Act 130 of 2022 and subsequent guidelines permit the testing of driverless vehicles in the Commonwealth, but PennDOT requires a permit from Tesla or any other company that wants to operate a ride-hailing service in PA.

It’s also important to note that the cars could have simply been stopping through, as they were spotted at a Supercharger location along Interstate 81, which spans from Tennessee to New York.

It is not to say the vehicles are testing along the entire route, but likely a segment of it. The fact that they were spotted in Pennsylvania does bode well for Tesla’s expansion efforts moving forward.

@teslarati Tesla Full Self-Driving yields for pedestrians while human drivers do not…the future is here! #tesla #teslafsd #fullselfdriving ♬ 2 Little 2 Late – Levi & Mario

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