Drako has unveiled its second vehicle, the Drako Dragon: A bold new $290,000 electric SUV that can accelerate from 0 to 60 mph in 1.9 seconds.
Our first introduction to Drako was back in 2019 when the company unveiled the Drako GTE, a limited-production all-electric supercar with insane specs.
The San Jose-based company was founded by Dean Drako, better known as the cofounder and CEO of Barracuda Networks, and Shiv Sikand, an electrical engineer and cofounder of IC Manage. They repurposed the chassis of the Fisker Karma to create the electric vehicle.
We got a test ride in the Drako GTE in 2020 and came out impressed by Drako’s quad motor powertrain with each motor capable of a power range of +225 kW to -225 kW.
At the time, we figured that the GTE with the Fisker body was more of a test bed for that impressive powertrain, and we expected Drako to launch something else built from the ground up with it.
That something else is the Drako Dragon. It was announced last summer with some teaser images and specs, but now we get the whole unveiling.
Drako Dragon
Again, the Dragon is all about the performance, thanks to the insane electric powertrain developed by Drako.
According to the company, it enables a top speed of over 200 mph and a quarter-mile in just nine seconds:
Just how mind blowing is the performance? There really is nothing that properly compares. Dragon’s four electric motors combine to provide 2,000 horsepower enabling face-stretching 0-60 mph runs of 1.9 seconds, quarter-mile times of 9.0 seconds, and a top speed in excess of 200 mph. With great power comes great responsibility, so Dragon is equipped with carbon ceramic rotors at all four corners. The front brakes use 10-piston calipers on 420-mm discs, while the rear brakes use 6-piston calipers on 410-mm discs.
But Drako already impressed with its performance with the GTE; where the Dragon shines is with the merging of that level of performance with a stunning new design enabled by building the new vehicle from the ground up.
The design is quite unique and bold, but it works for me. Move over Lamborghini Urus, this is the new standard for hyper SUV.
Drako is claiming some first with the Dragon, including being “the world’s first production SUV with a full carbon fiber structure.” The company claims that it will save 50% of the weight of the chassis.
The company is also future-proof with a charging capacity of up to 500 kW. Drako also expects the Dragon to have a EPA-rated range of 420 miles.
One of the biggest improvements over the GTE is the interior. That’s obviously enabled by the SUV form-factor, but also the fact that the GTE was super limited by the Fisker chassis.
Now as you can put together from the performance and design, the Dragon is not cheap, but at $290,000, it is a significant improvement over the price of the $1 million price tag of the Drako GTE.
Despite the supercar-price, Drako believes that it can ramp up production to 5,000 units per year.
The Dragon will be produced in the US with production and deliveries expected to begin in 2026.
Drako has opened reservations today with a $500 deposit for the regular version or a $5,000 deposit for the First Edition model, which is limited to 99 units.
Drako Dragon Specs:
Powertrain
Quad Motor Powertrain with Drako DriveOS NanoControl
Horsepower
2,000 hp
Acceleration 0 – 60 mph
1.9 seconds
Acceleration 1⁄4 mile
9.0 seconds
Top Speed
Over 200 mph
Range
420 miles (EPA est.)
Fast Charging
500 kW capability
Brakes
Front: 420mm carbon ceramic rotors and 10 piston calipers Rear: 410mm carbon ceramic rotors and 6 piston calipers
I had to digest it for a while, but I am a fan. At first, I was wondering what they are thinking aiming to produce 5,000 unis per year of a $290,000 vehicle, but I think it is onto something.
The Dragon sorts of carves its own space in the auto industry with top of the line performance in a unique and attractive form factor.
Those are things that will attract people who have $300,000 to spend on a car.
If had that kind of money to spend on a car, I honestly can’t think of anything else I’d want to spend it on. Maybe the new Tesla Roadster if it is ever available, but I think it would be a close call with the Dragon.
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A dozen Tesla vehicles burned at a store in Toulouse, France. Arson is suspected amid global protests and vandalism attacks against Tesla and Elon Musk.
Last night, a dozen Tesla vehicles burned down at Tesla’s retail and service location in Plaisance-du-Touch near Toulouse, France.
Firefighters arrived on the scene at around 4 a.m. and contained the fire to the vehicles. Eight of them were completely destroyed, and four were greatly damaged. The damages are estimated at over 700,000 euros.
According to the local news (translated from French), the police suspected arson as a hole was found in a fence, and threats had been made over the last few weeks. The Tesla location remained closed all day.
In France, there were a few protests planned, but some extremist groups are calling for widespread arson against Tesla stores:
I won’t share the link to the article since it gives step-by-step instructions on how to burn down Tesla stores without getting caught, but the manifesto explains that they are going after Tesla as a “symbol of capitalism,” although they also list a dozen other reasons including the fact that they think it’s “doable and cheap.”
Electrek’s Take
This is getting nuts. It’s not only dangerous, but it’s also not super effective in achieving the goal they claim to want to achieve.
Have they never heard of insurance? Tesla is having issues selling cars right now. You are burning unsold inventory that they can then claim to their insurance.
Sure, it disrupts their operations for a short period of time, but it’s not worth it.
Their manifesto does say to avoid violence and not to target vehicles owned by individuals – though it doesn’t sound like a strict rule for them, but I think these people are likely going to end up in jail for having achieved nothing.
The protests and boycotts are going strong. You don’t need to burn cars to make yourself heard.
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Is Ford’s electric pickup in trouble? Sales have been down for months, and February showed no relief. What’s going on with the Ford F-150 Lightning?
Ford F-150 Lightning sales drop again in February 2025
Ford’s US sales dropped by 9% last month. Although electrified vehicles, including EVs and hybrids, both notched double-digit growth, sales of Ford’s gas-powered (ICE) models, which accounted for over 85% of deliveries, fell nearly 13%.
Hybrids saw higher demand with sales up 27.5% to 15,357, while EV sales increased 15% to 7,326. The Mustang Mach-E was a bright spot with 3,312 models sold in February, up 13% from the prior year.
With 6,841 Mach-Es sold through the first three months of 2025, Ford’s electric crossover SUV remains a top-selling EV in the US.
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Ford’s electric pickup didn’t fare as well. F-150 Lightning Sales were down nearly 15% last month with only 2,199 units sold. Through March, Ford has sold 15% fewer Lightning models than it did at this time last year.
2024 Ford F-150 Lightning Platinum Black (Source: Ford)
Sales of the electric pickup have been slipping for months now. In the final three months of 2024, F-150 Lightning sales were down 10%.
The Lightning, alongside Rivian’s R1T, are no longer the only electric pickups on the market. Ford is facing new competition with the Tesla Cybertruck, Chevy Silverado EV, and GMC Sierra EV, arriving.
2024 Ford F-150 Lightning Flash (Source: Ford)
According to Cox Automotive, the Tesla Cybertruck slipped past the Lightning to become the fifth best-selling EV in the US last year with nearly 39,000 units sold. Ford’s Lightning was sixth with just over 33,500 models sold.
Ford extended its “Power Promise” promo earlier this year to boost demand, giving EV buyers a Level 2 home charger and other benefits, but Lightning sales are still down.
Ford Mustang Mach-E (left) and F-150 Lightning (right) (Source: Ford)
The American automaker cut Lightning production at its Rouge Electric Vehicle Center last year, citing slower-than-expected demand. A new report from Automotive News claims Ford is now ending a pilot program to stock and distribute EVs through regional hubs after it failed to catch on. It was designed to speed up deliveries.
Although Ford plans to launch a smaller midsize electric pickup, it won’t arrive until at least two more years. With new competition, like the Ram 1500 REV and Volkswagen Scout pickup, hitting the market over the next few years, Ford may find it even harder to attract buyers.
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Costco’s Auto Program recently introduced some new member-only incentives, and the 2025 Volvo EX90 BEV is now on its list.
Volvo is offering Costco Executive Members $2,000 off the 2025 EX90. Costco Gold Star and Business members are eligible for $1,500 off. The incentives are available on all versions of the Volvo EX90 for members who purchase or lease from February 24 to April 30, 2025. It’s the only non-GM EV that’s that’s eligible for an incentive through the EV program.
The offer is compatible with A-Plan pricing for employees, as well as Affinity Pricing for teachers and first responders. Costco members will have had to have been members as of February 23 and be the primary members on the Costco account to qualify.
Volvo EX90 interior (Source: Volvo)
However, CarsDirect gave the heads up on how buyers can get up to $10,000 off the EX90’s MSRP. As we stated, if you’re a Costco Executive Member, that’s $2,000 off. Then, add the $7,500 EV Lease Allowance and a $500 loyalty discount on leases if you currently own or lease a Volvo or have owned or leased a Volvo within the past six months.
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With the destination fee included, the base EX90 MSRP starts at $81,290, so that brings it down to $71,290, a more than 12% discount, a pretty good deal.
The 2025 AWD Volvo EX90, which can seat seven passengers comfortably, has a range of up to 310 miles and is NACS-compatible. It has a 510 hp engine, 110 kWh battery capacity, and can go from 0-60 mph in 4.7 seconds.
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