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A few weeks after wrapping up the final X Prix race event of Season 3, the all-electric racing league Extreme E has posted its 2024 calendar for Season 4. A majority of the race locations around the world are locked in, including the season finally next fall, taking place on US soil for the first time ever.

As you may or may not be aware by now, Extreme E is an FIA-sanctioned off-road racing series that showcases the raw power of bespoke all-electric SUVs barreling through some of the planet’s most challenging climates while simultaneously drawing awareness to the ongoing global effects of climate change.

The annual championship series with a cause gives back to the areas it races in by setting up environmentally focused “legacy programs” and wrapped up its third season earlier this month. Germany’s Rosberg X Racing (RXR) snagged its first Extreme E title, besting Acciona Sainz XE (ASXE) and the UK’s Veloce Racing, who took second and third, respectively.

Mathematically, Veloce had the title in its grasp entering the final X Prix in Chile but fell short due to several incidents, including a puncture and broken suspension. The co-ed team of Molly Taylor and Kevin Hansen is already looking ahead to Extreme E season 4 in 2024, and we now have the calendar detailing where they will be competing.

Extreme E Calendar
Source: Extreme E/Colin McMaster

Extreme E’s 2024 race calendar kicks off in February

Per a release shared this morning, Extreme E’s Season 4 race calendar will kick off in Jeddah, Saudi Arabia, in mid-February, a couple of weeks after the nascent electric boat racing series E1, also cofounded by Alejandro Agag, kicks off its inaugural season on Jeddah’s waters. Agag spoke:

We are delighted to unveil our calendar for Extreme E Season 4. If the 2024 campaign is anything like our first three, then our fans are going to be in for something special. We are looking forward to returning to Saudi Arabia for the opening rounds of the new season. Saudi Arabia has always delivered a thrilling spectacle on track, and we are expecting more of the same in February at an exciting new location near Jeddah.

Per Extreme E, here’s the current race calendar for Season 4:

  • Rounds 1 and 2: Jeddah, Saudi Arabia – February 17-18, 2024
  • Rounds 3 and 4: Europe, TBD – July 13-14
  • Rounds 5 and 6: Sardinia, Italy – September 21-22
  • Rounds 9 and 10: Phoenix, Arizona, USA – November 23-24

Per the calendar, the championship round on Season 4 will be held in the US for the first time as Extreme E sees the country as a key market as it continues to grow. We will also see rounds 3 and 4 somewhere in Europe in 2024, but we’re not sure exactly where just yet. Agag elaborated:

The location of our European race in July will be announced soon. While we continue a dedicated testing program of the new Extreme H car, holding spectacular races across the European continent during the middle leg of the season is important for streamlining our operations, and so we are excited to return to Sardinia in September. I would like to thank the Automobile Club d’Italia and Regione Sardegna for their unwavering support for our series, and a double-header on the Italian island is a prospect we are all looking forward to. Sardinia is also likely to be the setting of the Extreme H car’s first public laps on an off-road race course, which will be [a] historic moment for motorsport and hydrogen power.

A new hydrogen-based racing league called Extreme H was announced in December and will join the Formula E, Extreme E, and E1 racing series’ in sustainable, zero-emission race competitions. Extreme E looks to use its existing clout to help springboard the hydrogen series into the spotlight as it continues to develop its bespoke vehicles ahead of a full-fledged championship series.

Before then, however, we can look forward to Extreme E’s first X Prix event of 2024 in February.

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Paris’ popular bike share program has a big sticky finger problem

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Paris' popular bike share program has a big sticky finger problem

Paris’ bike-share system, Vélib has long been considered one of the shining success stories of urban micromobility. With a massive fleet of over 20,000 pedal and electric-assist bicycles around Paris, the service has helped millions of residents and tourists get around the City of Light without needing a car or scooter. But lately, a growing problem is threatening to knock the wheels off this urban mobility marvel: theft and joyriding.

According to city officials and the service operator, more than 600 Vélib bikes are now going missing every single week. That’s over 30 bikes a day simply vanishing from the system – some stolen outright, others taken on “joy rides” and never returned.

“At the moment we’re missing 3,000 bikes,” explained Sylvain Raifaud, head of the Agemob company that currently operates the Velib system. That’s nearly 15% of over 20,000 Vélib bikes across Paris.

The sticky-fingered culprits aren’t necessarily professional thieves or organized crime rings. Instead, they’re often regular users who treat the shared bikes like disposable toys.

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The city estimates that many people have figured out how to pry the bikes out of the system’s parking docks, unlocking one for a casual cruise and then ditching it somewhere far from a docking station.

Once pried free, the bikes are technically usable for the next 24 hours until their automatic locking feature kicks in. At that point, the bikes are often simply abandoned. Some end up in alleyways. Others get tossed in rivers. A few just disappear completely.

And since the bikes are intended to be parked at their many docking stations around the city, they don’t have GPS chips, further complicating recovery of “liberated” bikes.

The issue started small but has grown into more than an inconvenience – it’s beginning to undermine the entire purpose of the service. With bikes going missing at such a high rate, many Vélib docking stations are left empty, especially during rush hours.

Riders looking for a quick commute or a convenient hop across town are increasingly finding themselves without available bikes, or having to walk long distances to find a functioning one.

That kind of unreliability chips away at user confidence and threatens to drive potential riders back into cars, cabs, or other less sustainable forms of transport at a time when Paris has already made great strides to dramatically reduce car usage in the city.

The losses are financially painful, too. Replacing stolen or vandalized bikes isn’t cheap, and the resources spent on tracking down missing equipment or reinforcing anti-theft measures are stretching thin. Vélib has faced theft and vandalism issues before, especially during its early years, but this latest surge has officials sounding the alarm with renewed urgency.

Officials acknowledge that there’s no easy fix. Paris, like many cities with bike-share systems, walks a fine line between accessibility and accountability. Part of what makes Vélib so successful is its ease of use and widespread availability. But those same features make it vulnerable to misuse – especially when enforcement is limited and the consequences for abuse are minimal.

The timing of the problem is especially unfortunate. In recent years, Paris has seen impressive results in reducing car traffic, expanding bike lanes, and promoting cycling as a key part of its sustainable transport strategy. Vélib is a cornerstone of that plan. But if the system becomes too unreliable, it risks losing the very people it was designed to serve.

Meanwhile, as Parisians increasingly find themselves staring at empty docks, the challenge for the city and Vélib will be to restore confidence in the system without making it harder to use. That means striking the right balance between freedom and responsibility, between open access and protection against abuse.

In a city where cycling is supposed to be the future of mobility, losing thousands of bikes to joyriders and sticky fingers isn’t just frustrating; it’s unsustainable.

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CNBC Daily Open: Elon Musk, founder of companies and political parties

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CNBC Daily Open: Elon Musk, founder of companies and political parties

U.S. President Donald Trump and Elon Musk attend a press event in the Oval Office of the White House in Washington, D.C., U.S., May 30, 2025.

Nathan Howard | Reuters

When they lose a significant other, most men do indeed become a “TRAIN WRECK.” Then they pick up the pieces of their lives and start living again — paying attention to their personal grooming, hitting the gym and discovering new hobbies.

What does the world’s richest man do? He starts a political party.

Last weekend, as the United States celebrated its independence from the British in 1776, Elon Musk enshrined his sovereignty from U.S. President Donald Trump by establishing the creatively named “American Party.”

Few details have been revealed, but Musk said the party will focus on “just 2 or 3 Senate seats and 8 to 10 House districts,” and will have legislative discussions “with both parties” — referring to the U.S. Democratic and Republican Parties.

It might be easier to realize Musk’s dream of colonizing Mars than to bridge the political aisle in the U.S. government today.

To be fair, some thought appeared to be behind the move. Musk decided to form the party after holding a poll on X in which 65.4% of respondents voted in favor.

Folks, here’s direct democracy — and the powerful post-separation motivation — in action.

 — CNBC’s Erin Doherty contributed to this report.

What you need to know today

And finally…

An investor sits in front of a board showing stock information at a brokerage office in Beijing, China.

Thomas Peter | Reuters

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CNBC Daily Open: Most people don’t start a political party after separation

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CNBC Daily Open: Most people don't start a political party after separation

US President Donald Trump, right, and Elon Musk, chief executive officer of Tesla Inc., during a news conference in the Oval Office of the White House in Washington, DC, US, on Friday, May 30, 2025.

Francis Chung | Bloomberg | Getty Images

When they find themselves without a significant other, most men finally start living: They pay attention to their personal grooming, hit the gym and discover new hobbies.

What does the world’s richest man do? He starts a political party.

Last weekend, as the United States celebrated its independence from the British in 1776, Elon Musk enshrined his sovereignty from U.S. President Donald Trump by establishing the creatively named “American Party.”

Few details have been revealed, but Musk said the party will focus on “just 2 or 3 Senate seats and 8 to 10 House districts,” and will have legislative discussions “with both parties” — referring to the U.S. Democratic and Republican Parties.

It might be easier to realize Musk’s dream of colonizing Mars than to bridge the political aisle in the U.S. government today.

To be fair, some thought appeared to be behind the move. Musk decided to form the party after holding a poll on X in which 65.4% of respondents voted in favor.

Folks, here’s direct democracy — and the powerful post-separation motivation — in action.

 — CNBC’s Erin Doherty contributed to this report.

What you need to know today

Trump confirms tariffs will kick in Aug. 1. That postpones the deadline by a month, but tariffs could “boomerang” back to April levels for countries without deals. Trump on Friday said letters with “take it or leave it” offers will go out to 12 countries Monday.

U.S. stock futures slipped Sunday. Despite the White House pushing back the return of “reciprocal” tariffs, some investors could be worried trade negotiations would result in higher-than-expected duties. Europe’s Stoxx 600 index dropped 0.48% Friday.

OPEC+ members to increase oil output. Eight members of the alliance agreed on Saturday to hike their collective crude production by 548,000 barrels per day, around 100,000 more than expected.

Elon Musk forms a new political party. On Saturday, the world’s richest man said he has formed a new U.S. political party named the “American Party,” which he claims will give Americans “back your freedom.”

[PRO] Wall Street is growing cautious on European equities. As investors seek shelter from tumult in U.S., the Stoxx 600 index has risen 6.6% year to date. Analysts, however, think the foundations of that growth could be shaky.

And finally…

Ayrton Senna driving the Marlboro McLaren during the Belgian Grand Prix in 1992.

Pascal Rondeau | Hulton Archive | Getty Images

The CEO mindset is shifting. It’s no longer all about winning

https://www.cnbc.com/2025/07/06/the-ceo-mindset-is-shifting-its-no-longer-all-about-winning.html

CEOs today aren’t just steering companies — they’re navigating a minefield. From geopolitical shocks and economic volatility to rapid shifts in tech and consumer behavior, the playbook for leadership is being rewritten in real time.

In an exclusive interview with CNBC earlier this week, McLaren Racing CEO Zak Brown outlined a leadership approach centered on urgency, momentum and learning from failure. 

— Spriha Srivastava

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