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And how it could give Tesla a run for its money.
Time

FREMONT, Calif. — Inside a nondescript warehouse, Lucid Motors pulled the wraps off what could either be a new force in luxury high-tech cars or another asterisk in the competitive world of automotive sales.

Dubbed the Lucid Air, the technology-packed sedan will top out at $160,000 and in that incarnation aims to be “a private jet on four wheels,” Lucid chief technology officer Peter Rawlinson told assembled reporters.

Deposits for Lucid Air are being taken now, $2,500 for a standard edition that will be priced starting at $65,000 and $25,500 for the $160,000 Launch Edition whose independent dual rear seats almost fully recline in the manner of first-class airplane seating.

Other bragging rights of the Lucid Air include twin electric motors front and rear that combine to produce a staggering 1,000 horsepower; a wide array of Lidar, radar and cameras to enable autonomous driving; and a range of 300 miles that can be increased to 400 as an option.

Executives with

Article source: http://www.usatoday.com/story/tech/news/2016/12/14/lucid-air-160000-private-jet-wheels/95407580/

In a bid to expand its international presence, The Boeing Company (BA – Free Report) inked a high-value deal with Iran Air yesterday for 80 jetliners. Valued at $16.6 billion, this marks the first-of-its-kind transaction between a U.S. company and the Islamic Republic.

Interestingly, this deal was finalized less than a month after the Republican-led U.S. House of Representatives passed legislation prohibiting the Treasury Department from issuing commercial aircraft sales licenses to Iran.

So, although the deal received a nod from the acting U.S. government, its fate looms in uncertainty. Chances are high that the Congress will strongly oppose it and President-elect Trump will pose serious impediments to its execution.

Details of the Deal

The aforementioned deal was first disclosed in Jun 2016 by Boeing, when it announced its plans to sell 100 jets to Iran’s national airline. However, financial details of the agreement were kept under wraps then.

In Jan 2016, Iran Air had inked a similar deal for 118 jets, worth $27 billion, with Airbus Group SE (EADSY – Free Report) , Boeing’s direct rival in the commercial airlines space. However, given the huge amount of U.S.-built aircraft parts involved in the deal, it is subject to extensive regulatory approvals by the U.S. government. In fact, it was finally in September that the Obama administration approved the deals.

Coming back to the latest deal, now it’s Boeing’s turn to deliver 50 737 Max 8, 15 777-300 ER and 15 777-9 models to Iran.

Notably, the 737 MAX, which is 14%

Article source: https://www.zacks.com/stock/news/242103/can-boeing-ba-pull-off-17-billion-iran-air-deal