News
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.
Elon Musk
Elon Musk’s net worth is nearing $800 billion, and it’s no small part due to xAI
A newly confirmed $20 billion xAI funding round valued the business at $250 billion, adding an estimated $62 billion to Musk’s fortune.
Elon Musk moved within reach of an unprecedented $800 billion net worth after private investors sharply increased the valuation of xAI Holdings, his artificial intelligence and social media company.
A newly confirmed $20 billion funding round valued the business at $250 billion, adding an estimated $62 billion to Musk’s fortune and widening his lead as the world’s wealthiest individual.
xAI’s valuation jump
Forbes confirmed that xAI Holdings was valued at $250 billion following its $20 billion funding round. That’s more than double the $113 billion valuation Musk cited when he merged his AI startup xAI with social media platform X last year. Musk owned roughly 49% of the combined company, which Forbes estimated was worth about $122 billion after the deal closed.
xAI’s recent valuation increase pushed Musk’s total net worth to approximately $780 billion, as per Forbes’ Real-Time Billionaires List. The jump represented one of the single largest wealth gains ever recorded in a private funding round.
Interestingly enough, xAI’s funding round also boosted the AI startup’s other billionaire investors. Saudi investor Prince Alwaleed Bin Talal Alsaud held an estimated 1.6% stake in xAI worth about $4 billion, so the recent funding round boosted his net worth to $19.4 billion. Twitter co-founder Jack Dorsey and Oracle co-founder Larry Ellison each owned roughly 0.8% stakes that are now valued at about $2.1 billion, increasing their net worths to $6 billion and $241 billion, respectively.
The backbone of Musk’s net worth
Despite xAI’s rapid rise, Musk’s net worth is still primarily anchored by SpaceX and Tesla. SpaceX represents Musk’s single most valuable asset, with his 42% stake in the private space company estimated at roughly $336 billion.
Tesla ranks second among Musk’s holdings, as he owns about 12% of the EV maker’s common stock, which is worth approximately $307 billion.
Over the past year, Musk crossed a series of historic milestones, becoming the first person ever worth $500 billion, $600 billion, and $700 billion. He also widened his lead over the world’s second-richest individual, Larry Page, by more than $500 billion.
News
Tesla Cybercab sighting confirms one highly requested feature
The feature will likely allow the Cybercab to continue operating even in conditions when its cameras could be covered with dust, mud, or road grime.
A recent sighting of Tesla’s Cybercab prototype in Chicago appears to confirm a long-requested feature for the autonomous two-seater.
The feature will likely allow the Cybercab to continue operating even in conditions when its cameras could be covered with dust, mud, or road grime.
The Cybercab’s camera washer
The Cybercab prototype in question was sighted in Chicago, and its image was shared widely on social media. While the autonomous two-seater itself was visibly dirty, its rear camera area stood out as noticeably cleaner than the rest of the car. Traces of water were also visible on the trunk. This suggested that the Cybercab is equipped with a rear camera washer.
As noted by Model Y owner and industry watcher Sawyer Merritt, a rear camera washer is a feature many Tesla owners have requested for years, particularly in snowy or wet regions where camera obstruction can affect visibility and the performance of systems like Full Self-Driving (FSD).
While only the rear camera washer was clearly visible, the sighting raises the possibility that Tesla may equip the Cybercab’s other external cameras with similar cleaning systems. Given the vehicle’s fully autonomous design, redundant visibility safeguards would be a logical inclusion.
The Cybercab in Tesla’s autonomous world
The Cybercab is Tesla’s first purpose-built autonomous ride-hailing vehicle, and it is expected to enter production later this year. The vehicle was unveiled in October 2024 at the “We, Robot” event in Los Angeles, and it is expected to be a major growth driver for Tesla as it continues its transition toward an AI- and robotics-focused company. The Cybercab will not include a steering wheel or pedals and is intended to carry one or two passengers per trip, a decision Tesla says reflects real-world ride-hailing usage data.
The Cybercab is also expected to feature in-vehicle entertainment through its center touchscreen, wireless charging, and other rider-focused amenities. Musk has also hinted that the vehicle includes far more innovation than is immediately apparent, stating on X that “there is so much to this car that is not obvious on the surface.”
News
Tesla seen as early winner as Canada reopens door to China-made EVs
Tesla had already prepared for Chinese exports to Canada in 2023 by equipping its Shanghai Gigafactory to produce a Canada-specific version of the Model Y.
Tesla seems poised to be an early beneficiary of Canada’s decision to reopen imports of Chinese-made electric vehicles, following the removal of a 100% tariff that halted shipments last year.
Thanks to Giga Shanghai’s capability to produce Canadian-spec vehicles, it might only be a matter of time before Tesla is able to export vehicles to Canada from China once more.
Under the new U.S.–Canada trade agreement, Canada will allow up to 49,000 vehicles per year to be imported from China at a 6.1% tariff, with the quota potentially rising to 70,000 units within five years, according to Prime Minister Mark Carney.
Half of the initial quota is reserved for vehicles priced under CAD 35,000, a threshold above current Tesla models, though the electric vehicle maker could still benefit from the rule change, as noted in a Reuters report.
Tesla had already prepared for Chinese exports to Canada in 2023 by equipping its Shanghai Gigafactory to produce a Canada-specific version of the Model Y. That year, Tesla began shipping vehicles from Shanghai to Canada, contributing to a sharp 460% year-over-year increase in China-built vehicle imports through Vancouver.
When Ottawa imposed a 100% tariff in 2024, however, Tesla halted those shipments and shifted Canadian supply to its U.S. and Berlin factories. With tariffs now reduced, Tesla could quickly resume China-to-Canada exports.
Beyond manufacturing flexibility, Tesla could also benefit from its established retail presence in Canada. The automaker operates 39 stores across Canada, while Chinese brands like BYD and Nio have yet to enter the Canadian market directly. Tesla’s relatively small lineup, which is comprised of four core models plus the Cybertruck, allows it to move faster on marketing and logistics than competitors with broader portfolios.
Elon Musk’s net worth is nearing $800 billion, and it’s no small part due to xAI
Tesla Cybercab sighting confirms one highly requested feature
