Dynamic behavior analysis of propulsion and levitation systems is required to accurately evaluate the performance, energy consumption, and further optimization of the hyperloop high-speed train technology. In this paper, a detailed dynamic model is developed for the hyperloop propulsion and levitation systems. To do this, the finite element model of the levitation is linked to the analytical model of the propulsion system. The dynamic response of the system is evaluated under different wheel retraction and deployment times and for different stator segment lengths.