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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.
Elon Musk has firmly denied recent media reports suggesting that SpaceX has reduced its target valuation for an upcoming initial public offering.
The denial came directly from the SpaceX and Tesla frontman on his social media platform X, where he responded with a single word, “False,” to a post from ZeroHedge that cited Bloomberg sources.
This swift rebuttal underscores Musk’s ongoing effort to manage speculation surrounding one of the most anticipated market debuts in recent history.
False
— Elon Musk (@elonmusk) May 29, 2026
According to the disputed reports, SpaceX had lowered its IPO valuation goal to at least $1.8 trillion from previous ambitions exceeding $2 trillion.
The claims emerged amid growing anticipation for the company’s confidential S-1 filing, which positions it for a potential public listing as early as June.
Some had pointed to strong revenue growth, particularly from the Starlink satellite internet service, which contributed heavily to the firm’s 2025 figures of $18.7 billion. Yet challenges persist in other areas, including substantial investments and losses tied to ambitious projects like Starship development and artificial intelligence initiatives, which plan to make life multiplanetary eventually.
Musk’s response highlights a pattern in which he actively counters what he views as inaccurate portrayals of his companies’ trajectories.
SpaceX, already valued privately at extraordinary levels, stands as a cornerstone of Musk’s empire alongside Tesla and xAI. The entrepreneur has long emphasized the transformative potential of reusable rockets and global broadband access, factors that fuel investor enthusiasm despite operational hurdles.
By rejecting the valuation downgrade narrative, Musk signals confidence in SpaceX’s fundamentals and its readiness for public markets on terms favorable to its long-term vision. People have been waiting a very long time to invest in SpaceX, and the valuation, as well as the introductory share price, is not going to need adjusting.
They’ll have plenty of suitors.
This episode reflects broader dynamics in the technology sector, where rumors often swirl around high-profile entities. Musk’s direct engagement with media narratives serves to maintain transparency and control the narrative around his ventures.
As SpaceX prepares for greater scrutiny in public markets, the founder’s denial reinforces optimism about its prospects. Supporters argue that the company’s innovative edge positions it for enduring success, far beyond short-term valuation debates. With the denial now public, attention turns to forthcoming regulatory filings that could provide clearer insights into SpaceX’s strategy and financial health.
The coming weeks promise to reveal more about how SpaceX will transition into a publicly traded powerhouse.
Tesla’s dreams of operating a fully autonomous ride-hailing platform just took a massive step toward reality, as two separate events have indicated the company is perhaps closer than ever to achieving self-driving as a product.
On Thursday, Tesla was granted authorization by the State of Texas to operate driverless vehicles in a commercial manner. On May 28, Senate Bill 2807, passed by the 89th Texas Legislature, took effect after being passed back on September 1, 2025.
The bill establishes a statewide regulatory framework requiring authorization from the Texas Department of Motor Vehicles for companies to operate automated vehicles commercially on Texas roads.
This covers driverless, or SAE Level 4+, operations for passenger transport, meaning Robotaxi, or freight.
Tesla and other companies can self-certify their vehicles and tech as long as they:
- Operate in compliance with Texas traffic laws
- Maintain proper registration, title, and insurance
- Use compliant automated driving systems
- Record onboard activity and handle system failures and glitches safely.
The new authorization, which was first reported by James Stephenson on X, allows companies to utilize their own processes to determine if their vehicles are ready to operate without drivers.
🚨BREAKING:
Tesla has been authorized by the State of Texas to operate driverless vehicles commercially under the new law that took effect today, May 28th, 2026. Tesla has officially self-certified the software running on its robotaxis as Level 4. $TSLA pic.twitter.com/KSJdsvlaW5— James Stephenson (@ICannot_Enough) May 28, 2026
It is a rule that expedites the entire approval process, keeping agencies out of a usually long, lengthy, and frustrating task that is essential to technological advancements. It essentially means Tesla can launch commercial Robotaxi operations at this point.
On the very same day, Tesla continued the momentum as CEO Elon Musk shared a video of Cybercab units autonomously driving off the property at Gigafactory Texas. This is a major step in the story of the Cybercab.
Mass production of the Cybercab started at Giga Texas in April, and it is already heading out of the factory on its own.
Cybercab driving itself out of the GigaTexas factory pic.twitter.com/EwAMVVDjYy
— Elon Musk (@elonmusk) May 28, 2026
These two major events mark a drastic step forward in Tesla’s progress toward Cybercab and the permissions it needs to operate a self-driving ride-hailing service. Tesla is now able to operate autonomously under Texas law by self-certifying, and with the potentially imminent rollout of Cybercab, Tesla’s autonomous dreams are starting to take serious shape.
Elon Musk
The Tesla and SpaceX merger everyone is talking about is quietly building
Tesla and SpaceX may be closer to merging than Wall Street or either company is admitting.
Elon Musk has reportedly discussed merging Tesla and SpaceX with people close to him, according to CNBC, which cited sources familiar with the conversation. Tesla employees have long expected such a transaction and the topic is openly discussed internally, according to internal sources. With SpaceX is days away from kicking off its Wall Street roadshow for what could be the largest IPO in market history, this would be the first time the company will have public market currency to execute a stock-for-stock deal with Tesla.
The financial logic for a merger would make sense. A combined SpaceX and Tesla would create a conglomerate spanning rockets, satellites, electric vehicles, AI infrastructure, and energy storage valued at roughly $3.35 trillion to $3.6 trillion based on SpaceX’s IPO target range and Tesla’s current market capitalization. The two companies are already more intertwined than most people realize. SpaceX bought $697 million worth of Tesla Megapack systems for xAI data centers and $131 million worth of Cybertrucks. Tesla invested $2 billion in xAI, which subsequently merged with SpaceX. Past transactions also include Tesla selling solar equipment and parts to SpaceX, and SpaceX helping with Cybertruck materials.
Will Tesla join the fold? Predicting a triple merger with SpaceX and xAI
Musk himself signaled where this was heading in November 2025 when he posted on X, “My companies are, surprisingly in some ways, trending towards convergence.” Tesla and SpaceX announced a joint semiconductor fabrication facility in Austin called Terafab on the Gigafactory Texas campus, covering two advanced chip factories, with one serving Tesla’s AI needs for vehicles and Optimus robots, the other targeting space-based data centers under SpaceX’s infrastructure vision.
Wedbush analyst Dan Ives places the probability of a merger at 80% to 90% with a target completion in the first half of 2027. The mechanics of a deal became possible the moment SpaceX filed its S-1. Legal experts said a merger likely would not spark antitrust issues but would raise concerns among shareholders in each company, with questions around which company would be the parent, how a stock swap would take place, and who determines the appropriate price. Musk holds about 20% of Tesla’s equity but controls 85.1% of SpaceX’s voting power through a super-voting share class, meaning he would largely be negotiating the terms with himself.
Not everyone is convinced the timing is imminent. Traders on Kalshi place only 33% odds that a merger will happen before May 2027. The more immediate concern for Tesla shareholders is whether the SpaceX IPO pulls capital and Musk’s attention away from Tesla before any merger consolidates the upside for both.
What is clear is that the structural groundwork is already being laid. The Terafab announcement, the xAI merger, the shared supply chain, the cross-company balance sheet transactions, and now the IPO all point in the same direction. Whether the merger follows in 2027 or later, the two companies are already operating more like divisions of a single entity than independent competitors.
Elon Musk strikes down reports on SpaceX IPO rumors
Tesla’s Robotaxi dreams just took a massive step toward reality
