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Southern California-based electric bike company SUPER73 has been quite busy lately, at least if today’s triple whammy of an announcement is any indication. The company dropped a new line of off-road e-bikes, new kids balance bikes and new information about the upcoming C1X electric motorcycle.

SUPER73 Adventure Series

The SUPER73 Adventure Series is an update to each of the company’s existing model lines, adding more hardcore tires and in some cases extra suspension, among other new components. According to the company, “Each SUPER73 Adventure Series model comes standard with more aggressive SUPER73 GRZLY tires, an extended performance seat with gripper vinyl for added comfort, a headlight and rear light, fenders, and the relocation of the battery to the down tube for the S and R models giving them a lower center of gravity for better handling.”

All of the Adventure Series bikes will also come standard with an 8-speed cassette, which is sure to make those off-road hill climbs much easier, at least when you opt to use the pedals.

According to SUPER73 CEO LeGrand Crewse, the new lineup was developed by listening to customer feedback:

“At SUPER73, we combine thoughtful design with features riders want on our vehicles. It’s a combination of form and function that sets us apart from the competition and the SUPER73 Adventure Series delivers in spades, so we’re excited to announce the new lineup is available now. We are huge proponents of listening to our customer feedback, especially from our Super Squad, while understanding the critical details that take our product to the next level. We’re always evolving our product lineup to reach the widest array of riders possible, showcasing a steadfast commitment to current and new customers.”

The new SUPER73 Z Adventure will start at $2,695, the SUPER73 S Adventure will start at $3,595, and the SUPER73 R Adventure will start at $3,995. All three models will include hydraulic disc brakes and suspension forks (a major upgrade for the SUPER73 Z), while the S Adventure and R Adventure’s forks will be fully-adjustable.

SUPER73 K1D kids balance e-bikes

First teased over a year ago, SUPER73 is finally ready to release its K1D lineup of kids balance bikes.

According to the company, these little two-wheelers feature a design that was influenced by 80’s BMX and Motocross culture. They offer a 60-minute play time thanks to the battery and tiny electric motor.

That little battery uses LiFePO4 cells, which are virtually fireproof and also offer over double the lifespan. That means your kid will all but certainly outgrow the bike long before the battery would ever need to be replaced.

In another nod to safety, the K1D features regenerative braking to offer stronger stops and recharge the battery at the same time. A low and medium power mode selector lets young riders slowly develop their skills, while a third “Track Mode” can be unlocked by a parent for the highest power level.

Crewse boasts about the tiny bike’s safety and performance-based design:

“The technological advancements in the K1D youth series balance bike is groundbreaking from a safety, performance, and durability standpoint. We’re excited to announce the highly anticipated product has officially arrived. At SUPER73, we’re focused on driving the technology of our products forward, while making it fun and safe for our customers. The launch of K1D provides us with an entirely new customer base of young, aspiring riders and we’re thrilled to be leading the charge in our industry.”

The K1D is priced at $1,295 and will begin shipping in June.

SUEPR73 C1X electric motorcycle to feature super fast charging

We’ve heard a lot about faster charging for electric motorcycles lately, and it sounds like SUPER73 is eyeing the top prize for quickly juicing up.

So far we’ve known that the bike would feature highway-capable speeds and a city range of around 100 miles (160 km). But now we’re getting new info about the expected charging times, and they’re quite impressive.

According to the company, the C1X should be able to charge from 10% to 80% in only 15 minutes, which will give riders about 70 miles (112 km) of range in little more time than it took to read this article.

The new technology and its integration into the bike was made possible thanks to SUPER73’s efforts to hire a team of engineers with backgrounds in top tier EV manufacturing, aerospace mechanics, and consumer electronics.

As Crewse added:

“I’m incredibly proud of the dedication our team has shown in order to bring the C1X to life. The secret behind our innovation is the belief that the user experience should always serve as the guiding principle behind everything we create, and our electric motorcycle is no exception. This year, we’ve set out to prove that you don’t need to break the bank in order to take advantage of cutting-edge technology. Our riders can now enjoy the benefits of fast charging in a more accessible and approachable package with the C1X.”

The C1X’s development will continue through this year, with the company hoping to deliver the first production units in 2024. Upon its release, the C1X will likely challenge recently released or upcoming light electric motorcycles like the SONDORS Metacycle, Ryvid Anthem and CSC RX1E.

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BP profit falls sharply but CEO says oil major ‘off to a great start’ in strategy reset

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BP profit falls sharply but CEO says oil major 'off to a great start' in strategy reset

British oil and gasoline company BP (British Petroleum) signage is being pictured in Warsaw, Poland, on July 29, 2024.

Nurphoto | Nurphoto | Getty Images

British oil giant BP on Tuesday posted slightly weaker-than-expected first-quarter net profit, following a recent strategic reset and a slump in crude prices.

The beleaguered oil and gas major posted underlying replacement cost profit, used as a proxy for net profit, of $1.38 billion for the first three months of the year. That missed analyst expectations of $1.6 billion, according to an LSEG-compiled consensus.

BP’s net profit had hit $2.7 billion a year earlier and $1.2 billion in the final three months of 2024.

The results come as the energy major faces fresh pressure from activist investors less than two months after announcing a strategic reset.

Seeking to rebuild investor confidence, BP in February pledged to slash renewable spending and boost annual expenditure on its core business of oil and gas.

BP CEO Murray Auchincloss told CNBC’s “Squawk Box Europe” on Tuesday that the firm was “off to a great start” in delivering on its strategic reset.

BP CEO Murray Auchincloss discusses first-quarter results

“We had a great operational quarter. We had our highest upstream operating efficiency in history. Our refineries in the first quarter ran at the best they’ve run in 24 years. We had six exploration discoveries in a row, which is really unusual and we started out three major projects,” Auchincloss said.

For the first quarter, BP announced a dividend per ordinary share of 8 cents and a share buyback of $750 million.

Net debt rose to $26.97 billion in the January-March period, up from $22.99 billion at the end of the fourth quarter. BP had previously warned of lower reported upstream production and higher net debt in the first quarter, when compared to the final three months of last year.

Shares of BP fell 3.3% on Tuesday morning. The firm is down roughly 8% year-to-date.

Activist pressure

BP’s green strategy U-turn does not appear to have gone far enough for the likes of activist investor Elliott Management, which went public last week with a stake of more than 5% in the London-listed firm.

The disclosure makes the U.S. hedge fund BP’s second-largest shareholder after BlackRock, the world’s largest asset manager, according to LSEG data.

Elliott was first reported to have assumed a position in the oil and gas company back in February, driving a share price rally amid expectations that its involvement could pressure BP to shift gears back toward its oil and gas businesses.

BP’s Auchincloss declined to comment on interactions with investors when asked whether the firm was under pressure from the likes of Elliott to go beyond the plans announced in its February pivot.

Notably, BP suffered a shareholder rebellion at its annual general meeting earlier this month. Almost a quarter (24.3%) of investors voted against the re-election of outgoing Chair Helge Lund, a symbolic result that reflected a sense of deep frustration among the firm’s shareholders.

Mark van Baal, founder of Dutch activist investor Follow This, told CNBC last week that he hoped the shareholder revolt means Amanda Blanc, who is leading the process to find Lund’s successor, will look for a new chair who is “climate competent” and “will not respond to short-term activists so quickly.”

Lund is expected to step down from his role next year.

Takeover candidate

BP’s underperformance relative to industry peers such as Exxon Mobil, Chevron and Shell has thrust the energy major into the spotlight as a prime takeover candidate. Energy analysts have questioned, however, whether any of the likeliest suitors will rise to the occasion.

BP’s Auchincloss on Tuesday said that he wouldn’t speculate on whether the company is a takeover target, but confirmed the oil major had not asked for any sort of protection from the British government.

“What I will say is we’re a strong, independent company and we’ve got sector-leading growth. And if we can deliver the sector-leading growth, and the first quarter is a fantastic example of that, then I have no concerns. I think we’re going to do great,” Auchincloss said.

Murray Auchincloss, chief executive officer of BP, during the “CERAWeek by S&P Global” conference in Houston, Texas, on March 11, 2025.

Bloomberg | Bloomberg | Getty Images

Oil prices have fallen in recent months on demand fears. International benchmark Brent crude futures with June delivery traded at $65.19 per barrel on Tuesday morning, down more than 1% for the session. That’s lower from around $84 per barrel a year ago.

Asked whether weaker crude prices could put the some of the firm’s reset plans in jeopardy, Auchincloss said, “Not really. We have a balance of products that we think about that generate revenue for us. So, oil, natural gas and refined products as well.”

— CNBC’s Ruxandra Iordache contributed to this report.

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The first giant 15 MW turbine is up at Germany’s largest offshore wind farm

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The first giant 15 MW turbine is up at Germany’s largest offshore wind farm

Germany’s largest offshore wind farm under construction, EnBW’s He Dreiht, just hit a big milestone: The first enormous turbine is now up in the North Sea.

He Dreiht – which means “it spins” in Low German – is using Vestas’s massive 15 megawatt (MW) turbines, the first project in the world to install them. Just one spin of one of the rotors can generate enough electricity to power four households for an entire day.

When it’s finished, He Dreiht will have 64 mega turbines cranking out 960 megawatts (MW) of clean power – enough to supply around 1.1 million homes. And it’s being built without any government subsidies.

EnBW, one of Germany’s major energy companies, has been working in offshore wind for more than 15 years, but He Dreiht is their biggest project yet. “It will play a key role in helping us to significantly grow our renewable energy output from 6.6 GW to over 10 GW by 2030,” said Michael Class, who heads up EnBW’s generation portfolio development.

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The project is a win for Vestas, too. “With the installation of the first V236-15.0 MW, we have reached an important milestone for both the He Dreiht project and our offshore ramp-up, which helps Germany build a more secure, affordable, and sustainable energy system,” said Nils de Baar, president of Vestas Northern & Central Europe.

He Dreiht is located about 85 kilometers (53 miles) northwest of Borkum and 110 kilometers (68 miles) west of Helgoland. At peak times, more than 500 workers will be out at sea building the farm, using a fleet of more than 60 ships. EnBW’s offshore team in Hamburg is running the show.

The installation process is a major operation. The 64 foundations were already set in the seabed last year. Parts for the turbines are loaded onto the installation vessel Wind Orca in Esbjerg, Denmark, and shipped out in a 12-hour journey to the construction site. From there, the turbines are lifted into place. Meanwhile, crews are also working on internal wind farm cabling.

A partner consortium made up of Allianz Capital Partners, AIP, and Norges Bank Investment Management owns 49.9% of the shares in He Dreiht.

Read more: Trump admin halts $5 billion NY offshore wind project mid-build


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Tesla gives update on Tesla Semi factory, says on track for volume production in 2026

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Tesla gives update on Tesla Semi factory, says on track for volume production in 2026

Tesla has released a quick update about its Tesla Semi factory in Nevada. It says that it is on track for volume production of the electric semi truck in 2026.

The Tesla Semi was first scheduled to go into production in 2019, but it has faced numerous delays.

Now, it appears that there is finally some momentum to bring it to volume production.

For the last two years, Tesla has been working to build a new factory next to Gigafactory Nevada, where it builds the battery packs and drive units for most of its electric vehicles built in North America.

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Today, Tesla released a “progress update on the factory, confirming that it finished building and it’s now working on deploying the production lines:

Tesla had previously mentioned aiming for volume production by 2025, but it is now only talking about starting production toward the end of the year and ramping up next year.

The automaker reiterated its planned production capacity of 50,000 units.

We recently reported that an early Tesla Semi customer, Ryder, stated that the electric truck program is experiencing more delays and a price increase described as “dramatic.”

They now expect to take deliveries of their first trucks later in 2026 and said that the price has increased “dramatically,” leading them to scale back their pilot program from 42 to 18 Tesla Semi trucks.

When originally unveiling the Tesla Semi in 2017, the automaker mentioned prices of $150,000 for a 300-mile range truck and $180,000 for the 500-mile version. Tesla also took orders for a “Founder’s Series Semi” at $200,000.

However, Tesla didn’t update the prices when launching the “production version” of the truck in late 2022. Price increases have been speculated, but the company has never confirmed them.

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