I also have a newer Cobra and the speed adjusts as Andrew Chee mentioned. When you sew, the readout displays the current setting, but this motor does not adjust with the toggle switch while running. The machine starts at a 1 speed then jumps to the preset when the pedal is fully depressed. The pedal will adjust the speed between 1 and the higher preset while running, but it is so sensitive to movement if find it difficult to control. The factory instruction pamphlet for the servo motor that came with the machine has some operation instructions for motor settings (translated from foreign text so a bit rough to read). I have found there is a lot to learn about the Cobra and the forum posts can be helpful. Kevin