A recent string of anti-ebike articles in the New York Times has attempted to spread fear around the increasingly popular transportation method of electric bicycles. But it’s not just the typical e-bikes you see students riding to class or adults cruising to work on. One of the main e-bike targets of late has become electric balance bikes, or what the NYT referred to as “motorcycles for children.”
However, instead of fearing these rider training tools, we’d be better advised to embrace them and encourage more parents to put their kids on one.
The main bike at issue in the recent NYT hit-piece was a model named the “K1D”, or kid. It’s produced by California-based electric bike manufacturer SUPER73 and is the company’s first two-wheeler specifically designed for children.
It’s not a new concept though. Let’s be honest: SUPER73 basically looked at the massive amount of money another company known as StaCyc was making selling electric balance bikes and said “We can do that too, only cooler”. And they did.
For those unfamiliar, balance bikes are essentially tiny bikes for small children. There are no pedals, so kids push off against the ground and then rest their feet on the platforms. The aptly-named balance bikes teach kids how to balance a bike by developing the intuition to slightly steer to the side they are leaning towards. Until they get it and balance on their own, they can just put their feet back down.
It’s the modern day alternative to how your dad used to push you on your bike in a grassy field while yelling “Now pedal! And turn! TURN!” before running after you as you fall, then watched as you get back up to try again. Except instead of falling, kids now just put their feet down and push off again. In fact, children are learning to control a bike without even realizing they’re learning. To them, it’s just fun to push and glide.
Balance bikes are replacing training wheels as the go-to method for learning to ride a bike. Unlike training wheels, which don’t teach how to balance and only make kids reliant on something else to balance for them, these types of balance bikes teach kids to be reliant on themselves to stay up. Balance bikes are not only safer (fewer falls), but kids actually learn on their own by discovering what works. They feel what steering inputs make the bike more stable, then learn to repeat it, all by themselves.
Balance bikes have been around for a while, but electric balance bikes are fairly new. They’re basically the same thing, except they have a tiny electric motor and battery added on to the frame. Kids still have to push off to get going, but instead of slowing down and stopping after a few seconds, they can push a button or twist a throttle to engage the motor and keep going. It’s more fun for the kid (obviously, “vroom vroom”) and it actually helps them learn to ride a bike faster because they spend more time upright and balancing, developing the muscle memory and neural pathways needed to steer and balance a bicycle.
My wife and I are enjoying playing life on easy mode without kids, so from time to time we borrow our nieces and nephews whenever we feel like experimenting. I recently got a hold of an electric balance bike from Hiboy and put my 4 year old niece on it. Time to experiment.
My niece on her electric balance bike
She already has a small pedal bike with training wheels, but my brother hasn’t been able to remove them yet because she doesn’t know how to balance the bike without the training wheels. They try, but it just proves frustrating and she gives up. Each time I saw those damn training wheels, I wanted to take them off, but I couldn’t since she’d just fall over.
To my niece, the electric balance bike was immediately “cool”. She’s seen her older brothers ride electric scooters and so she naturally wanted to try her own electric ridable thing.
We left the power off at first and she practiced rolling downhill on her driveway, learning to balance on the way down.
After a few tries, she was getting the hang of it. Then we turned the power on. And something amazing happened. She reached the bottom of the driveway, pushed the throttle and just kept going.
She was a bit wobbly, like a small drunk person struggling to ride home from an Amsterdam bar, but she was rolling on two wheels. After a few more minutes, she was doing it! She was actually riding and balancing all on her own.
But that’s not the end of the story. Because to continue the experiment, we next took the training wheels back off her pedal bike to see what would happen.
And she immediately succeeded to ride her pedal bicycle, something she had never been able to do before. Literally just a few minutes on an electric balance bike did what months of training wheels couldn’t: it taught her to ride a bike.
Of course anecdotal evidence is merely evidence of an anecdote, but I don’t think my niece is anything special. She’s rather ordinary (and also loud… oh so loud! Hanging out with small children is the best birth control in the world). But it still goes to show just how powerful of a learning tool electric balance bikes can be.
They’re essentially a way to Trojan horse bike-riding skills into kids. It’s the same idea of hiding math problems in educational video games. You take something inherently fun for kids, and you sneak important skills and lessons into it. It’s a win-win.
With these new-fangled contraptions of electric balance bikes, the kids still get exercise (you have to push off to get going before the motor will activate) and they get more fresh air from outdoor time.
At a time when childhood obesity rates are at depressingly high levels, we should be doing everything we can to get kids away from screens and onto bike saddles. If an electric balance bike, something that critics like to refer to as “motorcycles for children”, are cool enough to get kids interested in going outside and learning to ride, then we need more of them. Hell, include little leather vests that say “Heck’s Angels” to go with them, I don’t care. If a few Pulitzer Prize-winning NYT journalists need to get their feathers ruffled in order for scores of young kids to more quickly learn to ride bikes, that’s a price I’m willing to pay.
Just make more of these fun tools and get more kids on them. We need more kids learning to ride, more quickly and in larger numbers.
She’s still practicing the dismount
The obvious counterargument here is “But they aren’t pedaling so they’re just being lazy”. But stick with me here. Again, you’ve got to push off before you can engage the motor, so there’s some physical activity required. And balancing engages your core and other muscles too. But also, keep in mind that exercise isn’t the point at this stage. We’re talking about toddlers. If they aren’t sleeping, they’re either running or being annoying (both of which burn calories). And they’re going to outgrow these tiny electric balance bikes quickly anyway. If they can fit on it for a year, you’ll be lucky. By the time they’ve outgrown it, put them on a pedal bike. They’ll enjoy the new larger bike with a fun new propulsion method and will feel like a “big kid” on their new pedal bike, which they are instantly good at riding thanks to honing their balance skills from an earlier age on an electric balance bike.
Luddites that fear electric motors can and likely will continue to hold these things up as two-wheeled boogeymen that are coming for your kids, but I say let them come for your kids. Because if electric balance bikes are this quick as a learning tool to teach kids an important life skill of riding a bike and in a way that is more effective and more fun for the kids, then they’re obviously doing something very right.
Anything that encourages kids to get outside, get on a bike or just go be kids away from screens is a good thing.
Of course that doesn’t mean that there shouldn’t be adult supervision. Electric balance bikes are effective tools for teaching kids bike balance skills but adults should still be watching those kids to make sure they’re safe during that learning process. An orange flag wouldn’t be a bad idea either. But I’d argue that the process is even safer since kids can more quickly learn the balance part and then move on to more critical safety lessons like learning to check for cars before entering the street, etc.
The NYT can try to scare parents away from electric balance bikes for kids, but perhaps fear mongering news isn’t where we should be getting our cycling advice. The NYT makes money when people click on their articles, and a headline “Nothing wrong with effective cycling learning tool” doesn’t carry the same clickability. As a journalist who also only makes money when you read my articles, I’m going to take that risk. I probably won’t earn very much today, so I’ll just skip my millennial avocado toast until tomorrow. But that’s a small sacrifice to pay for helping a few more kids learn to ride a bike.
FTC: We use income earning auto affiliate links.More.
Most Wall Street analysts covering Tesla’s stock (TSLA) badly misread the automaker’s delivery volumes this quarter. Some of them have started releasing notes to clients following Tesla’s production and delivery results.
Here’s what they have to say:
According to Tesla-compiled analyst consensus, the automaker was expected to report “377,592 deliveries” in the first quarter.
Truist Securities maintained its hold rating on Tesla’s stock, but it greatly lowered its price target from $373 to $280 a share. They insist that while their earnings expectations have crashed because they overestimated deliveries, investors should focus on Tesla’s self-driving effort, which they see as “much more important for the long-term value of the stock.”
Goldman Sachs lowered its price target from $320 to $275 a share. The firm expected 375,000 deliveries from Tesla in Q1 and therefore had to adjust its earnings expectations with almost 40,000 fewer deliveries.
Wedbush‘s Dan Ives, one of Tesla’s biggest cheerleaders, called the delivery results “disastrous”, but he reiterated his $550 price target on Tesla’s stock.
UBS has reiterated its $225 price target which it had lowered last month after adjusting its delivery expectations in Q1 to 367,000 – one of the more accurate predictions on Wall Street.
CFRA‘s analyst Garrett Nelson reduced his price target from $385 to $360 a share.
Electrek’s Take
I find it funny that most of them are maintaining or barely changing their expectations after they were so wrong about Tesla in Q1.
If you were so wrong in Q1, you should expect to be incorrect also for the rest of the year, and readjust accordingly.
But Cantor is invested in Tesla, and the firm is owned by Elon’s friend, who happens to now be the secretary of commerce. Truist still believes Elon’s self-driving lies, Goldman Sachs overestimated Tesla’s deliveries by the equivalent of $2 billion in revenues, and Dan Ives is Dan Ives.
Covering Tesla over the last 15 years has confirmed to me that most Wall Street analysts have no idea what they are doing – or at least not when it comes to companies like Tesla.
Do you know any who have been consistently good lately? I’d love suggestions in the comment section below.
FTC: We use income earning auto affiliate links.More.
The global market rout on Thursday, sparked by President Donald Trump’s announcement of widespread tariffs, had an outsized effect on fintech companies and credit card issuers that are closely tied to consumer spending and credit.
Affirm, which offers buy now, pay later purchasing options, plunged 19%, while stock trading app Robinhood slid 10% and payments company PayPal fell 8%. American Express and Capital One each tumbled 10%, and Discover was down more than 8%.
President Trump on Wednesday laid out the U.S. “reciprocal tariff” rates that more than 180 countries and territories, including European Union members, will face under his sweeping new trade policy. Trump said his plan will set a 10% baseline tariff across the board, but that number is much higher for some countries.
The announcement sent stocks reeling, wiping out nearly $2 trillion in value from the S&P 500, and pushing the tech-heavy Nasdaq down 6%, its worst day since the start of the Covid-19 pandemic in 2020.
The sell-off was especially notable for companies most exposed to consumer spending and global supply chains, including payment providers and lenders. Fintech companies that rely on transaction volume or installment-based lending could see both revenue and credit performance deteriorate.
“When you go down the spectrum, that’s when you have more cyclical risk, more exposure to tariffs,” said Sanjay Sakhrani, an analyst at Keefe, Bruyette & Woods, citing PayPal and Affirm as businesses at risk. He said bigger companies in the space “are more defensive” and better positioned.
Dan Dolev, an analyst at Mizuho, said bank processors such as Fiserv are less exposed to tariff volatility.
“It’s considered a safe haven,” he said.
Affirm executives have previously said rising prices might increase demand for their products. Chief Financial Officer Rob O’Hare said higher prices could push more consumers toward buy now, pay later services.
“If tariffs result in higher prices for consumers, we’re there to help,” O’Hare said at a Stocktwits fireside chat last month. Affirm CEO Max Levchin has offered similar comments.
However, James Friedman, an analyst at SIG, told CNBC that delinquencies become a concern. He compared Affirm to private-label store cards, and pointed to historical trends in credit performance during downturns, noting that “private label delinquency rates run roughly double” in a recession when compared to traditional credit cards.
“You have to look at who’s overexposed to discretionary,” he said.
Affirm did not provide a comment but pointed to recent remarks from its executives.
Wait, Mazda sells a real EV? It’s only in China for now, but that will change very soon. The first Mazda 6e built for overseas markets rolled off the assembly line Thursday. Mazda’s new EV will arrive in Europe, Southeast Asia, and other overseas markets later this year. This could be the start of something with a new SUV due out next.
Mazda’s new EV rolls off assembly for overseas markets
The Mazda EZ-6 has been on sale in China since October with prices starting as low as 139,800 yuan, or slightly under $20,000.
Earlier this year, Mazda introduced the 6e, the global version of its electric car sold in China. The stylish electric sedan is made by Changan Mazda, Mazda’s joint venture in China.
After the first Mazda 6e model rolled off the production line at the company’s Nanjing Plant, Mazda said it’s ready to “conquer the new era of electrification with China Smart Manufacturing.”
Advertisement – scroll for more content
The new global “6e” model will be built at Changan Mazda’s plant and exported to overseas markets including Europe, Thailand, and other parts of Southeast Asia.
Mazda calls it “both a Chinese car and a global car,” with Changan’s advanced EV tech and Mazda’s signature design.
Mazda 6e electric sedan during European debut (Source: Changan Mazda)
Built on Changan’s hybrid platform, the EZ-6 is offered in China with both electric (EV) and extended-range (EREV) powertrains. The EV version has a CLTC driving range of up to 600 km (372 miles) and can fast charge (30% to 80%) in about 15 minutes.
Mazda’s new EV will be available with two battery options in Europe: 68.8 kWh or 80 kWh. The larger (80 kWh) battery gets up to 552 km (343 miles) WLTP range, while the 68.8 kWh version is rated with up to 479 km (300 miles) range on the WLTP rating scale.
At 4,921 mm long, 1,890 mm wide, and 1,491 mm tall, the Mazda 6e is about the size of a Tesla Model 3 (4,720 mm long, 1,922 mm wide, and 1,441 mm tall).
Mazda said the successful rollout of the 6e kicks off “the official launch of Changan Mazda’s new energy vehicle export center” for global markets.
The company will launch a new SUV next year and plans to introduce a third and fourth new energy vehicle (NEV).
Although prices will be announced closer to launch, Mazda’s global EV will not arrive with the same $20,000 price tag in Europe as it will face tariffs as an export from China. Mazda is expected to launch the 6e later this year in Europe and Southeast Asia. Check back soon for more info.
FTC: We use income earning auto affiliate links.More.