Electric Flying Car Receives FAA Approval for Test Flights

Alef Aeronautics, a SpaceX-backed startup, has received approval from the Federal Aviation Administration (FAA) for flight tests of its electric flying car, making it the first flight-capable car to receive such approval. The car, priced at $300,000, is designed for both street driving and vertical take-off, with a road range of 200 miles and a flying range of 110 miles. Pre-orders are already being taken, and deliveries are expected to start by 2025. Another flying car company, Joby Aviation, also received FAA approval, causing its shares to soar by 44%.