Author: n Jonathan M. Gitlinn

Is it possible to be a CEO in 2025 and not catch a case of AI fever? The latest company to catch this particular cold is Lucid, the Saudi-backed electric vehicle startup. Today, it announced a new collaboration with Nvidia to use the latter’s hardware and software, with the aim of creating an autonomous vehicle for consumers. Oh, and the AI will apparently design Lucid’s production lines.

Formed by refugees from Tesla who saw a chance to improve on their past work, Lucid has already built the most efficient EV on sale in North America. But until recently, it also just had variants of the same Air sedan to offer consumers, before the Gravity SUV joined the range this year.

The company will need to start selling tens of thousands of EVs a year before too long, especially if it’s ever to become profitable. And that will involve some smaller, cheaper models, starting with a midsize crossover sometime in 2027. A major goal for the first of those EVs is a starting price of less than $50,000, so I hope they’re getting a good deal on the Nvidia GPUs that Lucid now says will enable a “true eyes-off, hands-off, and mind-off” autonomous driving system for consumer-owned vehicles.

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Earlier this year, Slate Auto emerged from stealth mode and stunned industry watchers with the Slate Truck, a compact electric pickup it plans to sell for less than $30,000. Achieving that price won’t be easy, but Slate really does look to be doing things differently from the rest of the industry—even Tesla. For example, the truck will be made from just 600 parts, with no paint or even an infotainment system, to keep costs down.

An unanswered question until now has been “where do I take it to be fixed if it breaks?” Today, we have an answer. Slate is partnering with RepairPal to use the latter’s network of more than 4,000 locations across the US.

“Slate’s OEM partnership with RepairPal’s nationwide network of service centers will give Slate customers peace of mind while empowering independent service shops to provide accessorization and service,” said Slate chief commercial officer Jeremy Snyder.

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Mexico City is one of the more unusual places that Formula 1 races, and it’s all thanks to altitude. The city sits at than 7,350 feet (2,240 m) above sea level, which makes the air noticeably thin compared to the average Grand Prix held at sea level. Like humans, F1 cars need air.

Oxygen is necessary if you want any internal combustion to happen inside the turbocharged 1.6 L V6 engine. A good flow of air across the various radiators and heat exchangers in the car is vital if you want to make it to the end of the race. And the downforce-generating wings and underbody only generate downforce by creating differences in air pressure above and below the car.

At over a mile above sea level, there’s about 20 percent less air, and therefore less power created by combustion, less efficient cooling of the cars, and less downforce able to be generated.

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Mexico City is one of the more unusual places that Formula 1 races, and it’s all thanks to altitude. The city sits at than 7,350 feet (2,240 m) above sea level, which makes the air noticeably thin compared to the average Grand Prix held at sea level. Like humans, F1 cars need air.

Oxygen is necessary if you want any internal combustion to happen inside the turbocharged 1.6 L V6 engine. A good flow of air across the various radiators and heat exchangers in the car is vital if you want to make it to the end of the race. And the downforce-generating wings and underbody only generate downforce by creating differences in air pressure above and below the car.

At over a mile above sea level, there’s about 20 percent less air, and therefore less power created by combustion, less efficient cooling of the cars, and less downforce able to be generated.

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Earlier this month, Tesla rolled out a new firmware update that added a pair of new driving modes for the controversial full self-driving (FSD) feature. One, called “Sloth,” relaxes acceleration and stays in its lane. The other, called “Mad Max,” does the opposite: It speeds and swerves through traffic to get you to your destination faster. And after multiple reports of FSD Teslas doing just that, the National Highway Traffic Safety Administration wants to know more.

In fact, “Mad Max” mode is not entirely new—Tesla beta-tested the same feature in Autopilot in 2018, before deciding not to roll it out in a production release after widespread outcry.

These days, the company is evidently feeling less constrained; despite having just lost a federal wrongful death lawsuit that will cost it hundreds of millions of dollars, it described the new mode as being able to drive “through traffic at an incredible pace, all while still being super smooth. It drives your car like a sports car. If you are running late, this is the mode for you.”

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Electric vehicle startup Rivian announced on Thursday that it has settled a lawsuit with some of its investors. The company continues to deny allegations of making “materially untrue” statements during its inial public offering but says it agreed to pay $250 million to clear itself of distractions as it focuses on building its next EV, the mass-market R2, which is due next year.

Rivian was first sued by a shareholder in 2022 over claims that the startup knew it would cost far more for it to build each R1T electric truck and R1S electric SUV than the advertised $67,500 and $70,000 prices, respectively. A big surprise price increase would tarnish the nascent automaker’s reputation, the lawsuit claimed, and could lead to many of the almost 56,000 pre-orders being canceled.

Just a few months after its November 2021 IPO, the company had indeed issued a hefty price hike: $79,500 for the R1T and $84,500 for the R1S SUV. After an outcry, the company said it would honor the original price for its existing preorders. By that point, though, the damage was done, and more than a third of the company’s value was erased within a few days, the lawsuit alleged.

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The first time I drove this generation of mid-engined Ferrari, it was on a curated route on the company’s home turf. As the Po Valley gives way to the Apennines, you find plenty of narrow winding roads, steep gradients, and hairpin turns. It was an engaging few hours of driving, but it was too brief to properly assess some of the 296’s technology. I found the ride firm but comfortable on rough Italian tarmac and the hybrid system easy to operate, flicking into calm-and-quiet electric-only mode through the villages I encountered.

That was back in 2022 during the unveiling of Ferrari’s 499P race car. Last month, I met the 499P again as it visited the Circuit of the Americas in Austin, along with the rest of the World Endurance Championship. And that afforded another chance to get to know the 296, with three days rather than three hours to form an impression.

Head west from Austin and you’ll find twisty roads that wrap around the hills. It would have been easy to spend an entire day out there, but that seemed repetitive—I’d experienced the 296’s back road behavior already. Plus, there were things to do at the racetrack, although I’ll admit I took the long way there and back each day.

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Tesla reported its financial results for the third quarter of 2025 this afternoon. Earlier this month, we learned that the electric vehicle manufacturer had a pretty good Q3 in terms of sales, which grew by 7.3 percent year over year and cleared out tens of thousands of cars from inventory in the process. However, that hasn’t translated into greater profitability.

Even though revenues grew by 12 percent to $28 billion compared to the same period last year, Tesla’s operating expenses grew by 50 percent. As a result, its operating margin halved to just 5.8 percent. And so its profit for the quarter fell by 37 percent to $1.4 billion.

Some growth in revenue came from its battery and solar division; this increased by 44 percent to $3.4 billion compared to Q3 2024. Services—including the Supercharger network, which is now open to an increasing number of other makes of EV—also grew, increasing by 25 percent to $3.4 billion. EV deliveries increased by 7 percent to 497,099, most of which were the Model 3 sedan and Model Y crossover. Automotive revenues grew slightly less, increasing 6 percent year over year to $21.2 billion.

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Formula 1 held the third of its five North American rounds this past weekend at the Circuit of the Americas in Austin, Texas. Unlike the races in Montreal, Miami, and Las Vegas, the US Grand Prix is held on a proper road course, one purpose-built for the task of hosting F1 a little over a decade ago.

It’s a circuit Ars knows quite well—along with some friends, I was on the turn-19 banking for the first race in 2012, and we checked out Caterham’s setup the following year; toured the F1 tech center in 2015, where the race broadcasts are directed; then learned about tires there with Pirelli in 2021. And we’ve driven it in everything from an Audi TT-S to a Corvette ZR1 to a Mocabene Vent Noir. Not to mention all the Lone Star Le Mans races we’ve attended.

The crowds now exceed even the mass of humanity that showed up for that first race. And while Miami and Las Vegas have been pitched at the “more money than they know what to do with” people, ticket prices at COTA are more reasonable (for an F1 event). As long as you don’t mind brutal heat and humidity, it can be quite a good race to attend.

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The United States Grand Prix takes place this weekend at the Circuit of the Americas in Texas, and this morning, Formula 1 used the occasion to announce a new broadcast deal for the sport in the US. Starting next year, F1 will no longer be broadcast on ESPN—it’s moving to Apple TV in a five-year, $750 million deal.

Apple boss Tim Cook has been seen at F1 races in the past, and earlier this year, Apple released F1: The Movie, starring Brad Pitt as a 50-something racing driver who improbably gets a second bite at the cherry 30 years after a brutal crash seemingly ended his F1 career.

But securing the rights to the sport itself means Apple has snagged a very fast-growing series, with races almost every other week—currently, the sport has expanded to 24 races a year.

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