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Newport Beach, California-based Electric Bike Company has just announced a big upgrade option to two of its slick cruiser e-bike models. The Model A and Model X now both come with the option for a torque sensor for their pedal assist operation.

If you’re not familiar with a torque sensor or how it effects e-bikes, prepare to have your mind blown.

Most value-oriented electric bikes (i.e. in the sub $2,000-ish category) use what is known as a cadence sensor to activate pedal assist. The cadence sensor is a less refined component that basically measures how fast the user is spinning the pedals and uses that apply pedal assist power from the electric motor.

The result is effective at starting up the motor when the user pedals, but it has a several limitations. There is an inherent lag while the sensors waits to measure pedal speed, meaning it can take a second or two for the motor to kick in. Cadence sensors also have less resolution, meaning they aren’t as precise at measuring pedal input. And they have a fundamental disadvantage of only measuring pedaling speed, which is often doesn’t correlate directly to pedaling effort (e.g. hills, heavy loads, changing gears, etc).

A torque sensor, on the other hand, measures how hard a rider pushes on the pedals. It allows nearly instantaneous feedback and offers a much more precise way to apply an exact amount of power based on how hard the rider is working. The harder the rider is attempting to pedal, the more motor power can be applied. That helps it intuitively read a user’s input and makes it feel more like the motor is just an extension of the rider’s own muscles, rather than a delayed on/off switch for the motor.

Granted, e-bike controller engineers have come a long way with cadence-based pedal assist sensor programming and we’ve seen big improvements over the years that has improved cadence sensor performance. But there is simply no comparison to a true torque-based sensor for natural feeling pedal assist.

Normally e-bikes with torque sensors cost significantly more than cadence sensor-based e-bikes, but Electric Bike Company has now announced a torque sensor option on its Model A and Model X e-bikes for just $99.

Electric Bike Company Model X e-bike

Both are electric cruiser bikes, with the Model A standing for “Affordable”. Starting at just $1,499, the Model A offers a top speed of 28 mph (45 km/h), though it ships in Class 2 mode with a 20 mph (32 km/h) limit. A 50 mile (80 km) maximum range is possible with pedal assist on a single charge of the bike’s battery, which comes with a 5-year warranty. The frame and motor have a longer 10-year warranty.

Hydraulic disc brakes, a rear rack, LED lighting and a color LCD screen are all included as standard equipment. All of the company’s bikes uses stainless steel hardware for superior rust resistance — something that has proven important for a beach town-based company that builds bikes often used along the salt-spraying coasts.

All of Electric Bike Company’s e-bikes are hand-assembled at the company’s multiple facilities in the heart of Newport Beach, California. We’ve had the chance to visit and watch those e-bikes being built starting from bare frames and on through the steps of wheel building, painting, component assembly, battery pack assembly, testing and shipment. In fact, the company recently expanded its paint shop and offers the most customizable e-bikes in the country — and probably the world — with thousands upon thousands of custom color combinations across all of the components. They even offer their own custom painted helmets now to match their bikes, complete with included front and rear LED lighting built right into the helmet.

You can see how the company builds its own e-bikes in my video below.

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Exxon Mobil earnings beat as production growth and cost cuts offset the sting of falling oil prices

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Exxon Mobil earnings beat as production growth and cost cuts offset the sting of falling oil prices

Exxon Mobil earnings beat even as profit falls on oil price decline

Exxon Mobil reported first-quarter earnings Friday that beat Wall Street expectations, but declined from the prior year as crude oil prices have fallen sharply on fears that President Donald Trump’s tariffs will hit global demand.

The oil major said volume growth in the Permian Basin and Guyana combined with cost-cutting measures largely offset lower earnings from weak oil prices. U.S. crude prices have fallen 18% this year as Trump’s tariffs raise fears of slower demand at the same time producers in OPEC+ plan to increase supply.

Exxon shares were up less than 1% in premarket trading after the results.

Here is what Exxon reported for the first quarter compared with what Wall Street was expecting, based on a survey of analysts by LSEG: 

  • Earnings per share: $1.76 vs. $1.73 per share expected
  • Revenue: $83.13 billion, vs. $86.72 billion expected

Exxon said its profits declined 6% to $7.71 billion, or $1.76 per share, from $8.22 billion, or $2.06 per share, in the same quarter last year.

The oil major’s global production business posted earnings of $6.76 billion in the quarter, an increase of about 19% from $5.66 billion in the same period a year ago. Profits in the segment rose due to growth in the Permian and Guyana as well as cost savings.

Earnings in Exxon’s U.S. production segment soared more than 70% to $1.87 billion from $1.05 billion in the same quarter in 2024.

Exxon’s global production came in at 4.55 million barrels per day, an increase of 20% compared to 3.78 million bpd in the year-ago period.

Exxon said first-quarter capital expenditures of $5.9 billion were consistent with its guidance of $27 billion to $29 billion for 2025.

The company said it returned $9.1 billion to shareholders in the quarter, including $4.3 billion in dividends and $4.8 billion in share purchases.

Read the full earnings release here.

This is a developing story. Please check back for updates.

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Chevron stock falls as lower profits and oil prices set to slow the pace of stock buybacks

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Chevron stock falls as lower profits and oil prices set to slow the pace of stock buybacks

Chevron stock falls as profit declines on falling oil prices

Chevron stock fell on Friday as the oil major’s profit declined, hurt by the steep drop in oil prices this year.

U.S. crude oil prices have fallen about 18% this year as President Donald Trump’s tariffs are expected to weigh on demand at the same time OPEC+ plans to pump more supply into the market.

The oil major said it plans to repurchase $2.5 billion to $3 billion of its own stock in the second quarter, which is lower than the $3.9 billion it bought back in the first quarter.

Chevron shares were recently down more than 2% in premarket trading.

Here is what Chevron reported for the first quarter compared with what Wall Street was expecting, based on a survey of analysts by LSEG: 

  • Earnings per share: $2.18 adjusted vs. $2.18 expected
  • Revenue: $47.61 billion vs. $48.09 billion expected

Chevron’s net income declined more than 30% to $3.5 billion, or $2 per share, from $5.5 billion or $2.97 per share, in the year-ago period. Excluding one-time items, Chevron earned $2.18 per share, which was in line with Wall Street estimates.

Chevron’s U.S. production business posted a profit of $1.86 billion, a decline of more than 10% from $2.08 billion in the year-ago period, as it experienced higher operating expenses and lower commodity prices.

The oil major’s U.S. refining business swung to a profit of $103 million after posting a loss of $348 million in the fourth quarter of 2024. The segment’s earnings, however, declined 77% from $453 million in the year-ago due to lower margins on refined product sales.

Chevron’s produced 3.35 million barrels per day in the quarter, largely flat compared to 3.34 million bpd in the year-ago period.

Capital expenditures declined about 5% to $3.9 billion, down from $4.1 billion one year ago.

Read the full earnings release here.

This is developing story. Please check back for updates.

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Tariffs will increase Zero Motorcycles’ prices on its more affordable e-motorbikes this month

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Tariffs will increase Zero Motorcycles' prices on its more affordable e-motorbikes this month

Zero Motorcycles has announced that its newest line of electric motorbikes will see a price increase in the US due to the Trump Administration’s tariff policy. But the saving grace is that the company is allowing reservations made in the next few weeks to secure pre-tariff pricing.

Zero launched its new X-line of smaller electric motorcycles late last year, ushering in a Sur Ron-style pair of bikes that cost a mere fraction of the company’s larger street bikes.

Designed for off-road use in the US or both on and off-road use in Europe, the Zero XB and XE were designed to be as affordable to new riders as they are approachable.

The XB was unveiled with a price tag of a mere US $4,195 or €4,500, while the larger and more powerful XE carried a price tag of US $6,495 or €6,500.

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The pair were part of the motorcycle maker’s plans to have six unique models all priced at under US $10,000 in the next two years. However, those plans may face increasing pressure after the Trump Administration imposed harsh new tariffs on imported goods to the US, forcing many manufacturers to increase prices.

Zero’s push for more affordable electric motorcycles is made possible mainly by its partnership with Chinese electric motorcycle manufacturers like Zongshen. While such companies have years of experience manufacturing motorcycles at more affordable prices, their relative cost advantage could take a serious hit under the US’s aggressive stance towards foreign-produced goods.

The first XB and XE motorcycles are expected to be delivered to existing reservation holders this Summer. However, for anyone who doesn’t yet have a pre-order in place, Zero says that it will still honor the existing pricing for reservations placed before May 18, 2025.

Bikes reserved in the next two weeks are not expected to ship until later this year, meaning they will almost certainly be subject to increased tariffs, though it appears Zero is prepared to eat those tariffs for an early group of reservation holders.

“Zero Motorcycles remains committed in our mission to deliver industry-leading electric motorcycles while maintaining an accessible price point for consumers around the world,” said Sam Paschel, CEO of Zero Motorcycles. “Our customers are at the heart of everything we do. And by honoring prices for early reservation holders – despite the shifting global economy – we’re reinforcing our position as the leader in the electric space and building the future of two-wheel transportation.”

Electrek’s Take

What a time to double down on Chinese partnerships. I feel for Zero, who was obviously looking for a way to reach more riders, especially young riders in the Sur Ron/Talaria demographic, and found the obvious way to do so by going to the world’s biggest market for producing e-motorcycles.

That’s not to say that US-based production isn’t possible. Zero used to do more production locally before slowly shifting more and more of its manufacturing overseas. There are still companies like Ryvid who manufacture in the US, though even those companies rely on many imported components and will still likely take a hit from tariffs.

The long and the short of it is that the entire electric motorcycle industry is going to be shaken by these tariff policies, and no US consumer will spared. Or at least, none after May 18th.

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