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Lucid takes aim at Tesla Model S with new Air variants starting at $69,900

Credit: Lucid Motors

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Lucid has released further details about the pricing of the two foundational models of the Air, its first sedan. The Lucid Air base model will be available from $69,900, and the Lucid Air Touring from $87,500 after U.S. Federal incentives of $7,500.

Lucid told Teslarati that both Air’s variants could be reserved immediately for a refundable $300 fee. Additionally, three years of complimentary charging at all Electrify America charging stations will be included for all owners.

Lucid unveiled the Air in an official online event on September 9th, showing the premiere “Dream” edition and the “Grand Touring” model of the vehicle. The Dream will start at $161,500, and the Grand Touring at around $130,000. Both prices are applicable after tax incentives have been granted.

The base model Air will have 480 horsepower and an EPA-projected 406-mile range rating. Its single-motor powertrain will come with an optional dual-motor, all-wheel-drive configuration, and a 900+ultra-high voltage electrical architecture with DC fast charging capability.

The Touring model will have 620 horsepower and an EPA-projected 406-mile range rating. Also, it will be outfitted with the same 900+ultra-high voltage electrical architecture with DC fast charging capability.

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Lucid has been aiming to overtake Tesla in the pursuit of the most prestigious EV brand. Former Tesla engineer Peter Rawlinson is at the helm of Lucid and holds CEO and CTO titles.

Lucid’s Peter Rawlinson: ‘We are nothing until we’ve got anything into production’

Affordability is a big factor in determining how successful a vehicle will be. However, many initial models start with a hefty price tag when it comes to electric cars. This was the case with Tesla’s first few models: the Roadster and the Model S, which recently was given a price reduction.

These two vehicles effectively acted as a way for Tesla to make money to develop future cars. The Roadster was geared toward celebrities and wealthy business people, and the price tag matched. However, it allowed Tesla to gain enough money to survive until it launched its IPO in 2010.

Lucid is currently maneuvering through the same realm. The Air has more appealing variants with better range and performance specifications available for a higher price, but it also has affordable configurations.

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The base Air and the Touring models of the sedan will be in some buyers’ price point when they become available in late 2021. With competitive range ratings, acknowledgeable performance specifications, and a sleek design, Lucid will likely gain some backing with the EV community, especially considering that the company focuses on electric transportation exclusively.

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’s Supercharger Diner probably just secured more locations

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tesla diner
Credit: Tesla

Tesla’s Supercharger Diner in Los Angeles dominated the company’s global usage rankings after just one year, proving the concept is more than just a one-off novelty location that will fade away.

The performance could incite the company to build more locations, something that CEO Elon Musk has hinted at for some time.

Tesla’s Supercharger Diner delivered 21.2 GWh of energy in its first year of operation, the company’s head of Charging, Max de Zegher, revealed on X. Of the top 10 most utilized Supercharger locations in Tesla’s global infrastructure, the Diner in Los Angeles was the most used by drivers, and it wasn’t particularly close:

On its launch day one year ago, nobody was too sure what the Tesla Diner would be about. It seemed like an interesting concept, and considering it had been in the works for years, it was a highly anticipated launch that many were looking forward to.

Based on its success, we could see additional Diners with Superchargers built throughout the United States, and potentially beyond. Musk has said on several occasions that the company would be willing to bring the Diner idea to more markets.

Tesla makes major change at Supercharger Diner amid epic demand

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Of the markets that Musk has mentioned, both Palo Alto and Austin have come to be perceived as ideal selections. However, there are no concrete plans as of now to build new Supercharger Diners anywhere; the location on Santa Monica Boulevard will remain the exclusive spot to pick up Tesla-inspired eats, at least for the time being.

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Tesla short sellers win big after shares fall after earnings

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A red Tesla Roadster driving around a turn
(Credit: Tesla)

Tesla short sellers won big following the company’s massive fall on Wall Street after it reported subpar Earnings on Wednesday.

Tesla short sellers collected about $4.12 billion in single-day profits on Thursday, according to BloombergShares fell as much as 15 percent during Thursday’s session. It closed as one of the worst days for Tesla on Wall Street in the past three years.

Investors sold off the stock after Tesla said it would aggressively direct its spending toward AI and its Optimus robot project. The company had record revenues, which were driven by one of the strongest quarters in terms of vehicle deliveries in company history.

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However, it missed EPS estimates by reporting just $0.33, a far cry from the $0.53 analysts expected.

S3 Partners reported that about 3 percent of Tesla’s outstanding stock is sold short. Managing Director at S3, Ihor Dusaniwsky, provided the short seller’s potential profit, as well as another figure: shorts have likely had paper gains of $8.92 billion this year, as Tesla shares are down 30 percent in 2026.

Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue

Tesla has burned short sellers many times in the past, but the company’s latest Earnings Call was a chance for those skeptics to taste some payback. Although the company gave some very transparent information regarding future projects, the rollout of Robotaxi, Optimus, and Semi, many investors took their profits on Thursday.

Notable short sellers like Michael Burry have been transparent about their skepticism around Tesla shares. Burry just revealed three weeks ago that he had opened up a new short on the stock, stating he shorted Tesla shares at $416.22. “Happy it jumped back to this level,” he said in a blog post.

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At the time of publication, Tesla shares were down about 3 percent and the stock was trading at $309.92.

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Tesla door handle saga gets its latest chapter and a big change is coming

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Credit: Tesla | Model 3 Owner's Manual

Tesla’s long-standing saga regarding its door handles and a manual release has entered its latest chapter, and as a result, a big change is coming.

On Friday, the National Highway Traffic Safety Administration (NHTSA) denied Tesla’s petition that was seeking a defect investigation into roughly 180,000 Model 3 vehicles for an issue involving the emergency mechanical door release.

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NHTSA said that Tesla’s petition did not present evidence of a safety-related defect in the door handles or their emergency releases. Instead, the agency determined that it would rather solve the issue of the lack of labeling or location of emergency mechanical door releases and the federal safety rules that govern them.

Essentially, the NHTSA wants to create and enforce rules that would require automakers to make emergency door latch releases more clearly labeled in a car. Despite a Tesla having manual door releases on all four passenger doors, many people do not know they exist or how they work.

Tesla addresses door handle complaints with simple engineering fix

In recent times, Tesla has faced some criticism involving its door handles, specifically because some occupants have reported that they are unable to exit their vehicles after losing power. The door handles on a Tesla are electronically operated, but in the event that the 12V battery dies, there is a manual release that can be used.

The NHTSA only identified a single complaint involving the mechanical door releases: a 2022 Model 3 owner said the release was concealed and unlabeled after the vehicle lost power after a front-end collision. It has also already started to create a separate rulemaking process to make emergency door-egress systems more obvious.

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It should be noted that all Teslas have mechanical emergency door releases, but they are placed in various locations as the vehicles have aged and been redesigned from year to year. Refer to the safety manual for your vehicle if you have any confusion about where the emergency releases are and how they work.

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