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All-electric Lucid Motors ‘Air’ reaches 217 mph in high speed stability test
Making a grand entrance at the 117th-annual New York International Auto Show today is electric car startup Lucid Motors. The California-based maker of the “private jet on wheels” is debuting its ultra luxury Lucid ‘Air’ along with its Alpha Speed Car, which recently completed its first high-speed stability test at a software limited 217 mph (350km/h).
The fully autonomous capable Lucid Air represents a new take on luxury vehicles, packing in amenities often found in private jets and boasts expansive space with an exterior footprint of a mid-sized car. On paper, the Air may seem like a direct competitor with current Silicon Valley sweetheart, Tesla’s Model S. However, one can argue that the Lucid Air – with its Maybach quality interior and unprecedented performance – is better equipped to stand in a class of its own. The Air will ship with autonomous ready hardware, and when paired with the distinct focus on passenger comfort and luxury, the all electric powertrain that’s capable of 400 miles of range and 1,000 horsepower starts feeling like a different kind of experience altogether. Impressively, the luxury of the Air will start at just $52,500 after federal tax credits, which is a sizable savings from the costlier Tesla Model S.
ALSO SEE: Tesla Model S vs. Lucid Air: comparison of range, performance and price
Lucid Motors is raising capital to build out the first phase of manufacturing from its upcoming plant in Casa Grande, Arizona. The $700 million factory is expected to begin production on the Lucid Air in 2019 and produce 10,000 vehicles within the first 12 months. Lucid Motors revealed through today’s press release that the factory will reach full capacity in 2022 and produce 130,000 vehicles annually.
The company also announced through the press release that it has begun high speed testing of an Alpha prototype of the Air.
“In preparation for production, Lucid Air Alpha prototypes are undergoing a rigorous development program. Lucid has designated one of these test prototypes as a high-performance test vehicle and has installed a roll-cage for safety purposes. The Alpha Speed Car will be used for evaluating at-the-limit performance.”
Lucid completed the high speed stability on a 7.5 mile oval race track at the independent automotive testing ground TRC Ohio. The vehicle was able to successfully complete the stability and high speed testing at a staggering 217mph (350km/h).
Here are some amazing photos captured during the high speed run.
Unlike Tesla which produces lithium ion battery cells with partner Panasonic, Lucid has locked in an exclusive battery deal with Samsung SDI and will utilize “next-generation cylindrical cells that are able to exceed current performance benchmarks in areas such as energy density, power, calendar life and safety”, according to an announcement made by the company.
Results from Lucid’s 217 mph high speed testing would indicate that the company may have developed a sophisticated battery thermal management system that allows the battery pack to supply maximum output to the vehicle’s high efficiency motor. Lucid Motors Chief Technology Officer Peter Rawlinson has taken his years of experience, previously working at Tesla where he served as Chief Engineer, and rolled that into a battery management system that overcomes thermal limitations faced by Tesla’s system. The Electric GT all-Model S race team experienced some overheating issues after spending time on the racetrack with their Model S:
“The problem is the car has thermal limitations. You can have a very fast car on a qualifying lap, then it goes back to nominal power for 15 or 16 laps…If you save the temperature you can peak it again. The challenge will be to drive as quickly as possible without overheating the motor.”
Only time will tell if Lucid Motors can deliver on its grand vision of the future. If the test drive we took in Los Angeles is any indicator of what’s to come, Lucid Motors is on track to live up to its promises, tenfold.
Lucid Air Makes International Auto Show Debut in New York
Luxury electric sedan completes first high speed stability test at 217 mph
New York, NY, April 13, 2017 – Lucid Motors made its global auto show debut today at the 117th-annual New York International Auto Show. The company showed the Lucid Air luxury electric sedan and also presented its Alpha Speed Car test vehicle, which had just completed its first high-speed stability test at 217 mph.
Lucid Air: Leading the Charge in Luxury Mobility
The Lucid Air was first unveiled in December 2016. The all-electric sedan combines forward- looking design with groundbreaking technology to establish an entirely new class of vehicle. Featuring full-size interior space in a mid-size exterior footprint, the autonomous-ready Air will be available with up to 400 miles of range and 1,000 horsepower.
The Air will be manufactured in Casa Grande, Arizona. The factory, first announced in November 2016, will come online in 2019 and build 10,000 vehicles in the first 12 months. By 2022 the factory is expected to employ 2,000 full-time employees and manufacture up to 130,000 vehicles annually.
The Lucid Air is priced from $52,500 after federal tax credits. The base Lucid Air will feature a 400-horsepower motor, rear-wheel drive, and a 240-mile range. Deliveries will begin in 2019. Customers can pre-order the Air at https://lucidmotors.com/car/reserve.
High Speed Testing: Evaluating Stability and Durability at 217 mph
In preparation for production, Lucid Air Alpha prototypes are undergoing a rigorous development program. Lucid has designated one of these test prototypes as a high-performance test vehicle and has installed a roll-cage for safety purposes. The Alpha Speed Car will be used for evaluating at-the-limit performance.
For the Alpha Speed Car’s first testing session, Lucid headed to TRC Ohio to use their 7.5-mile oval to evaluate high-speed behaviors, including vehicle stability and powertrain thermal management. The test, software-limited to 217mph (350km/h), was successful in demonstrating the capabilities of the car and in finding areas for improvement that could not be properly evaluated in static bench tests.
Real-world tests are an important part of the engineering process, allowing the team to correlate computer simulation models with real-world performance. The collected data will now be used to finesse thermal and aero computer simulations and to make further performance improvements that will be tested later this year at higher speeds.
A video of the test can be seen at https://youtu.be/7k03MH7ztUs.
Tesla stock (NASDAQ: TSLA) endured one of its sharpest single-day declines in years on July 23, tumbling approximately 14.5 percent and closing near $320 after opening the session around $374. The drop erased more than $140 billion in market value amid heavy trading volume and left the shares at multi-week lows.
The sell-off followed the company’s second-quarter 2026 results, released the previous evening. Tesla reported record revenue of $28.2 billion, up 26 percent year over year, driven by a Q2-record 480,126 vehicle deliveries. Energy storage deployments also rose strongly.
Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue
Yet profitability disappointed sharply. Operating income fell 57 percent to $398 million, compressing the operating margin to just 1.4 percent. Non-GAAP earnings per share came in at $0.33, well below the roughly $0.53 analysts had expected. Free cash flow turned negative by $1.1 billion as capital expenditures surged 142 percent to $5.8 billion, largely tied to accelerated spending on artificial intelligence, robotics, and autonomous systems.
The losses on capex were expected, as Tesla said it would be spending heavily in 2026.
Investors also reacted to lingering uncertainty surrounding key product timelines. During the Earnings Call, management reiterated ambitions for Robotaxi deployment and the Optimus humanoid robot, but offered limited new concrete milestones, renewing questions about execution pace that have long accompanied Tesla’s ambitious roadmap.
The magnitude of the decline places it among Tesla’s more severe one-day percentage losses since its 2010 initial public offering. Historically, the two largest single-day drops (split-adjusted) remain September 8, 2020, when shares fell 21.1 percent amid broader market volatility and valuation concerns, and January 13, 2012, with a 19.3 percent plunge during the company’s early growth struggles.
Other notable declines include an 18.6 percent drop on March 16, 2020, at the onset of pandemic-related market turmoil. Thursday’s move ranks roughly ninth on the all-time list but stands out as the steepest in more than a year.
Despite the short-term pain, Tesla’s long-term trajectory has repeatedly recovered from such volatility. The latest results underscore both the strength of its core automotive and energy businesses and the near-term costs of heavy investment in next-generation technologies.
Elon Musk clapped back at France’s decision to withhold the approval for Tesla’s Full Self-Driving (FSD) Supervised system, projecting a clear and blunt message to French Transport Minister Phillippe Tabarot, after he publicly rejected the technology in its current form.
Tabarot outlines several concerns with Tesla Full Self-Driving in a detailed video statement, where he said, “The safety trade-offs are not yet sufficient to authorize it as it currently stands,” he said. He emphasized that FSD is not a true self-driving system and that the driver remains fully responsible.
Key issues Tabarot also brought up included allowing speeding when surrounding traffic exceeds limits and what he believes are insufficient guarantees of driver attention during complex urban maneuvers such as lane changes, intersections, and roundabouts.
Delaying the approval of FSD in France will cost lives
— Elon Musk (@elonmusk) July 22, 2026
While acknowledging technological progress and France’s support for autonomous innovation, Tabarot stressed that deployment must prioritize road safety. He noted ongoing technical discussions with Tesla, the Netherlands, and other European partners, with further ecosystem meetings planned for the fall.
Musk’s rebuke highlights the human cost of regulatory caution. Tesla’s latest safety reports provide compelling data supporting accelerated adoption. In the most recent 12-month period, vehicles using FSD (Supervised) recorded one major collision per approximately 5.1 million miles driven, dramatically better than the U.S. national average of one crash per 698,000 miles.
Even Tesla vehicles driven manually with active safety features outperform the average by a wide margin. These figures come from billions of real-world miles of telemetry, showing FSD vehicles involved in far fewer incidents than both manual Teslas and the broader U.S. fleet.
Critics argue Tesla’s comparisons require careful scrutiny regarding reporting thresholds and fleet demographics, yet the data consistently positions FSD as a potential lifesaver. With road fatalities remaining a leading cause of death worldwide, Musk contends that proven safer technology should not face prolonged bureaucratic hurdles.
France’s measured approach reflects the broader European regulatory caution, which many, especially Musk, have been critical of in the past. However, as autonomous systems from Tesla and competitors like Waymo demonstrate superior safety in independent studies, pressure is mounting for harmonized approvals.
Musk’s warning carries the belief that every month of delay may equate to avoidable tragedies on European roads.
In a striking revelation that underscores the lucrative crossover between Big Tech and space exploration, Alphabet Inc., Google’s parent company, disclosed a massive $94.1 billion equity stake in SpaceX following the rocket company’s blockbuster initial public offering earlier this year.
The disclosure came in Alphabet’s quarterly filing, marking the first time the long-held private investment has been publicly valued at market prices. Google was an early backer, investing alongside Fidelity in 2015 with roughly $500-900 million at a time when SpaceX was valued around $12 billion.
That bet has delivered extraordinary returns, roughly a hundredfold, transforming a strategic play on satellite internet and launch capabilities into one of Alphabet’s largest assets.
Google, $GOOGL, has said they hold $94 billion in SpaceX, $SPCX, shares after IPO.
— unusual_whales (@unusual_whales) July 23, 2026
Of the total holding, approximately $80 billion remains subject to short-term post-IPO lockup restrictions, preventing near-term sales. An additional $14.1 billion faces longer-term restrictions, extending into the third quarter of 2027. This structure limits immediate liquidity but protects against market volatility as SpaceX transitions into public trading.
The SpaceX position contributed significantly to gains in Alphabet’s broader investment portfolio, which also includes a major stake in AI leader Anthropic. Combined, these holdings helped drive nearly $100 billion in investment gains during the second quarter, providing a substantial boost to net income amid ongoing AI spending pressures.
Analysts view the disclosure as validation of Alphabet’s venture strategy beyond its core search and cloud businesses. The investment aligns with deeper ties, including reported multi-billion-dollar deals for AI computing capacity on SpaceX infrastructure. As SpaceX advances Starship flights, Starlink expansion, and ambitious Mars goals under Elon Musk, Google’s stake positions it to benefit from the commercialization of space.
For Alphabet, the windfall highlights how patient, forward-looking bets in transformative sectors can yield outsized rewards. While lockups temper short-term impact, the holding cements SpaceX as a cornerstone of Alphabet’s diversified portfolio in an era where aerospace, AI, and connectivity increasingly intersect. Investors will watch closely as restrictions lift and SpaceX’s public performance unfolds.
Tesla stock tumbles after earnings, one of its sharpest single-day declines
Elon Musk is not happy about this Tesla Full Self-Driving approval delay
