California-based Lucid Motors will take on Porsche, Mercedes-Benz, and BMW on their home turf with its new EV retail studio in Germany.
Lucid’s new EV retail space is located in the heart of Düsseldorf on the famed Königsallee, a shopping boulevard known for its flagship brands, including Prada, Gucci, Louis Vuitton, and others.
The location is Lucid’s second in Germany and fifth in Europe as it expands the luxury brand overseas. As “a country with a passion for cars,” Zak Edson, VP of sales and service at Lucid, explained, “We are delighted to open our second studio in Germany.”
After a warm reception at the debut of its first store in Munich, the luxury EV maker “confirmed that German customers are ready for Lucid.”
“The Autobahn-tuned Lucid Air has exceptional range, unique design, incredible performance, and superior charging times,” Edson explained.
With up to 518 miles (833 km) of WLTP range, the Lucid Air can travel from Amsterdam to Berlin on a single charge. With fast charging and Lucid’s proprietary EV tech, you can gain up to 248 miles (400 km) in just 15 minutes.
The Lucid Air’s performance is on par with, if not better than, most rivals with a choice of single- or dual-motor options with up to 1,126 hp (828 kW), enough to accelerate from 0 to 62 mph (0-100 km/h) in 2.7 seconds.
Lucid EV studio in Europe (Source: Lucid)
Lucid moves in on Porsche territory with new EV studio
Lucid revealed it had delivered its first Air electric sedans in Germany last December. According to Lucid’s latest lease offers in the country, the Air Pure starts at EUR 109,000 ($115,200). Other trims, including the Touring, start at $136,300, the Grand Touring at $168,000, and the Dream Edition fully equipped at $230,300.
Porsche Taycan Turbo (Source: Porsche)
Meanwhile, Porsche’s Taycan, one of Lucid Air’s direct competitors, starts at EUR 93,139 ($98,400) for the base model.
Other versions include the Taycan 4S ($121,000), GTS ($148,000), and Turbo ($174,000). In terms of performance, the base Air Pure includes 42 more horsepower than the Taycan 4S, the closest in pricing. Both claim to achieve 0 to 62 mph in 4 seconds.
Lucid Air in Munich (Source: Lucid)
Lucid’s Air is unrivaled when it comes to range. The base trim offers up to 450 miles (725 km) of WLTP range compared to the base Taycan with up to 275 miles (443 km) of range and Taycan S featuring up to 281 miles (452 km) of WLTP range.
Both electric models feature a premium, tech-oriented interior with ample space and generous features.
Interior of the Lucid Air Pure (Source: Lucid)Interior of the Porsche Taycan (Source: Porsche)
Electrek’s Take
Porsche is known for its high-performance luxury cars, but Lucid is ready to make a statement.
Powered by its in-house tech, Lucid is expanding overseas to take on German auto powerhouses like Porsche, Mercedes-Benz, and BMW.
The EV maker also just became the first automaker to open a manufacturing plant in Saudi Arabia, giving it access to a global shipping port. Backed by the country’s Public Investment Fund, Lucid has struggled to gain traction in the US. Can an overseas expansion fuel growth?
Of the 26 EV manufacturers in the US, Lucid slipped to 18th, falling behind Porshe, Cadillac, and Subaru. The luxury EV maker hopes to find its footing in international markets.
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Paris’ bike-share system, Vélib has long been considered one of the shining success stories of urban micromobility. With a massive fleet of over 20,000 pedal and electric-assist bicycles around Paris, the service has helped millions of residents and tourists get around the City of Light without needing a car or scooter. But lately, a growing problem is threatening to knock the wheels off this urban mobility marvel: theft and joyriding.
According to city officials and the service operator, more than 600 Vélib bikes are now going missing every single week. That’s over 30 bikes a day simply vanishing from the system – some stolen outright, others taken on “joy rides” and never returned.
“At the moment we’re missing 3,000 bikes,” explained Sylvain Raifaud, head of the Agemob company that currently operates the Velib system. That’s nearly 15% of over 20,000 Vélib bikes across Paris.
The sticky-fingered culprits aren’t necessarily professional thieves or organized crime rings. Instead, they’re often regular users who treat the shared bikes like disposable toys.
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The city estimates that many people have figured out how to pry the bikes out of the system’s parking docks, unlocking one for a casual cruise and then ditching it somewhere far from a docking station.
Once pried free, the bikes are technically usable for the next 24 hours until their automatic locking feature kicks in. At that point, the bikes are often simply abandoned. Some end up in alleyways. Others get tossed in rivers. A few just disappear completely.
And since the bikes are intended to be parked at their many docking stations around the city, they don’t have GPS chips, further complicating recovery of “liberated” bikes.
The issue started small but has grown into more than an inconvenience – it’s beginning to undermine the entire purpose of the service. With bikes going missing at such a high rate, many Vélib docking stations are left empty, especially during rush hours.
Riders looking for a quick commute or a convenient hop across town are increasingly finding themselves without available bikes, or having to walk long distances to find a functioning one.
That kind of unreliability chips away at user confidence and threatens to drive potential riders back into cars, cabs, or other less sustainable forms of transport at a time when Paris has already made great strides to dramatically reduce car usage in the city.
The losses are financially painful, too. Replacing stolen or vandalized bikes isn’t cheap, and the resources spent on tracking down missing equipment or reinforcing anti-theft measures are stretching thin. Vélib has faced theft and vandalism issues before, especially during its early years, but this latest surge has officials sounding the alarm with renewed urgency.
Officials acknowledge that there’s no easy fix. Paris, like many cities with bike-share systems, walks a fine line between accessibility and accountability. Part of what makes Vélib so successful is its ease of use and widespread availability. But those same features make it vulnerable to misuse – especially when enforcement is limited and the consequences for abuse are minimal.
The timing of the problem is especially unfortunate. In recent years, Paris has seen impressive results in reducing car traffic, expanding bike lanes, and promoting cycling as a key part of its sustainable transport strategy. Vélib is a cornerstone of that plan. But if the system becomes too unreliable, it risks losing the very people it was designed to serve.
Meanwhile, as Parisians increasingly find themselves staring at empty docks, the challenge for the city and Vélib will be to restore confidence in the system without making it harder to use. That means striking the right balance between freedom and responsibility, between open access and protection against abuse.
In a city where cycling is supposed to be the future of mobility, losing thousands of bikes to joyriders and sticky fingers isn’t just frustrating; it’s unsustainable.
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U.S. President Donald Trump and Elon Musk attend a press event in the Oval Office of the White House in Washington, D.C., U.S., May 30, 2025.
Nathan Howard | Reuters
When they lose a significant other, most men do indeed become a “TRAIN WRECK.” Then they pick up the pieces of their lives and start living again — paying attention to their personal grooming, hitting the gym and discovering new hobbies.
What does the world’s richest man do? He starts a political party.
Last weekend, as the United States celebrated its independence from the British in 1776, Elon Musk enshrined his sovereignty from U.S. President Donald Trump by establishing the creatively named “American Party.”
Few details have been revealed, but Musk said the party will focus on “just 2 or 3 Senate seats and 8 to 10 House districts,” and will have legislative discussions “with both parties” — referring to the U.S. Democratic and Republican Parties.
It might be easier to realize Musk’s dream of colonizing Mars than to bridge the political aisle in the U.S. government today.
To be fair, some thought appeared to be behind the move. Musk decided to form the party after holding a poll on X in which 65.4% of respondents voted in favor.
Folks, here’s direct democracy — and the powerful post-separation motivation — in action.
— CNBC’s Erin Doherty contributed to this report.
What you need to know today
And finally…
An investor sits in front of a board showing stock information at a brokerage office in Beijing, China.
US President Donald Trump, right, and Elon Musk, chief executive officer of Tesla Inc., during a news conference in the Oval Office of the White House in Washington, DC, US, on Friday, May 30, 2025.
Francis Chung | Bloomberg | Getty Images
When they find themselves without a significant other, most men finally start living: They pay attention to their personal grooming, hit the gym and discover new hobbies.
What does the world’s richest man do? He starts a political party.
Last weekend, as the United States celebrated its independence from the British in 1776, Elon Musk enshrined his sovereignty from U.S. President Donald Trump by establishing the creatively named “American Party.”
Few details have been revealed, but Musk said the party will focus on “just 2 or 3 Senate seats and 8 to 10 House districts,” and will have legislative discussions “with both parties” — referring to the U.S. Democratic and Republican Parties.
It might be easier to realize Musk’s dream of colonizing Mars than to bridge the political aisle in the U.S. government today.
To be fair, some thought appeared to be behind the move. Musk decided to form the party after holding a poll on X in which 65.4% of respondents voted in favor.
Folks, here’s direct democracy — and the powerful post-separation motivation — in action.
[PRO] Wall Street is growing cautious on European equities. As investors seek shelter from tumult in U.S., the Stoxx 600 index has risen 6.6% year to date. Analysts, however, think the foundations of that growth could be shaky.
And finally…
Ayrton Senna driving the Marlboro McLaren during the Belgian Grand Prix in 1992.
Pascal Rondeau | Hulton Archive | Getty Images
The CEO mindset is shifting. It’s no longer all about winning
CEOs today aren’t just steering companies — they’re navigating a minefield. From geopolitical shocks and economic volatility to rapid shifts in tech and consumer behavior, the playbook for leadership is being rewritten in real time.
In an exclusive interview with CNBC earlier this week, McLaren Racing CEO Zak Brown outlined a leadership approach centered on urgency, momentum and learning from failure.