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Full-suspension and fat tires are basically the holy grail of comfort when it comes to e-bikes. They’re excessive in many situations, but that doesn’t stop a large swath of new e-bike shoppers looking for both. The only problem is they both tend to add to the cost of an e-bike, often pushing the number into the $2k range or higher. But what if you could get a full-suspension fat tire electric bike for under a thousand bucks? That’s what the Mukkpet Tank offers, and so I was excited to test it out and see how good it could be.

To be fair, the e-bike’s actual MSRP is $1,299, but the sale price of $999 seems to be pretty common so I’m comfortable calling it a sub-$1k bike, at least most of the time.

To see how the bike rides, watch my review video below. Or for the readers, keep on scrolling. Or check out both – you do you, my friend!

Mukkpet Tank E-bike Video Review

Mukkpet Tank Tech Specs

  • Motor: 750W rear-geared hub motor
  • Top speed: 25 mph (40 km/h)
  • Range: Claimed up to 50 miles (80 km)
  • Battery: 48V 15 (720 Wh)
  • Weight: 86 lb (39 kg)
  • Payload capacity: 400 lb (181 kg)
  • Tires: 26 x 4″
  • Brakes: Mechanical disc brakes
  • Extras: Full-suspension fork, color LCD display, LED headlight tail/brake light, Shimano 7-speed drivetrain, included fenders and rear rack platform, cast rims for spokeless design, kickstand

Good, not great

Let’s be real here. For under a thousand dollars, you can’t expect anything on a full-suspension e-bike to be top-notch quality. And nothing here is.

But that doesn’t mean it isn’t still decent for the price. I know that to get below the $1k figure, I’m going to see some sacrifices. So what I’m really looking for is how do those sacrifices affect the overall picture.

For example, the suspension simply can’t be amazing because good suspension is expensive. And it’s definitely not amazing, but that didn’t stop me from riding over terrain that would have sent me flying on a hard-tail bike. Some of the worst topographical surprises for commuter e-bike riders are those tree roots that pop out of sidewalks, lifting up blocks and creating the sensation of riding over a giant washboard that previously hosted a few battle tanks along the route.

That kind of terrain can rattle your bones, but the Mukkpet Tank actually made it rideable while keeping my butt in the saddle. That’s basically what it’s meant to do – not giving high-performance, sporty handling. But rather, soak up some big bumps and turn them into little bumps. For that, it seems to work just fine. Yes, it’s clicky and clacky, which is usually a sign of cheaper springs and stops. But it works, which is what cheap e-bike hunters are after.

Then there’s the performance. Hitting 25 mph (40 km/h) is fast enough for almost anyone, even if it doesn’t totally max out the 28 mph (45 km/h) limit of Class 3 e-bikes. The 48V 15Ah battery is even surprisingly large for this price. You won’t get the 50 miles (80 km) of range they claim, at least not without pedaling your heart out alongside the 750W motor, but half of that range is easily doable even on throttle.

And you’re not going to get nicer features like UL-certified batteries on a bike like this, which is part of the equation going in with such a low-cost bike, but that’s a decision everyone has to make for themselves. Do you want to pay a bit extra for that peace of mind, or do you want to save that cash?

And I’m not sure I’d trust the 400 lb (180 kg) max weight rating, especially since I’m not even at half of that figure, but neither are most riders – so I’m not sure it will be an issue.

The rest of the bike is a combination of good enough and surprisingly good. The 7-speed Shimano derailleur? Good enough for recreational riding. The chunky rear rack? Surprisingly good, plus has plenty of space to tie down cargo or lash on a basket.

The mechanical disc brakes? Good enough, though I know they’re going to require more frequent tuning. The color screen? Surprisingly good, and more than I expected on a bike like this. Same goes for the cast rims instead of wheel spokes, which not only looks great but also means you don’t have to worry about rusting or breaking spokes.

The one area that really killed my mood was the super long pedal lag, a telltale sign of a lower-cost cadence sensor to activate the pedal assist. It means that you’ve got to wait a second or two from when you start pedaling until when the motor kicks in. For folks who like to pedal, and especially those in hillier areas, that’s going to be more of a bummer. For folks that spend most of their time at constant speed on long sections without stops, or for those that just use the throttle, the cadence sensor won’t bother you.

Oh yea, and the other mood-killer is probably the weight. At 86 pounds, this is a hefty little runabout. But hey, you wanted full suspension, right?

mukkpet tank

What’s the verdict?

So let’s sum this up. The Mukkpet Tank is a strangely named full-suspension fat tire with some nice features. The suspension isn’t great, but it’s there and offers a full-suspension ride that hardtails can’t match. The speed and power are great, the range is pretty good, and the build quality is decent.

There’s nothing overly fancy, and there are some downsides like the mechanical disc brakes and the laggy pedal assist sensor.

But all told, the bike does a good job of fulfilling the role of a modest, folding fat tire e-bike. It’s comfortable and seems to work pretty well. It’s hard to gauge longevity, and I sure would have liked to see a UL label on here somewhere, but the bike still has some value to it.

I probably wouldn’t jump to call this my prime bike, but I’d happily have one for a friend to join me on rides – at least for a friend who says they need full suspension. For anyone else who can deal with a hard-tail e-bike, deals like the Lectric XP 3.0 seem to offer more value, at least in my opinion. But they don’t have that key feature of full suspension, which for whatever reason, some people seem to think they need. So if that’s you, then this bike would do it for you, and for a more than reasonable price.

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Exxon CEO says dispute with Chevron over Hess Guyana oil assets could drag into 2025

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Exxon CEO says dispute with Chevron over Hess Guyana oil assets could drag into 2025

Darren Woods, chairman and chief executive officer of Exxon Mobil Corp, speaks during the 2024 CERAWeek by S&P Global conference in Houston, Texas, US, on Monday, March 18, 2024. 

F. Carter Smith | Bloomberg | Getty Images

Exxon CEO Darren Woods said Monday that the dispute with Chevron over Hess Corporation‘s oil assets in Guyana likely will not be resolved until 2025.

“My view is it will go into 2025,” Woods told CNBC’s David Faber at the Milken Institute’s Global Conference in Los Angeles. Hess had previously indicated that the case could drag into next year.

“This is an important arbitration obviously not only for Exxon Mobil but for Chevron and Hess,” Woods said. “What we need to do is take our time to do what’s right to make sure that we do all the due diligence and we get to the answer — the right answer.”

Exxon is claiming a right of first refusal on Hess’ assets in Guyana under a joint operating agreement that governs a consortium that is developing the South American nation’s prolific oil resources. The oil major filed for arbitration in March at the International Chamber of Commerce in Paris.

Woods said the panel of arbitrators is still being selected and then the process will go into discovery. The CEO has repeatedly expressed confidence that Exxon will prevail in the dispute, saying the company wrote the agreement that governs the consortium.

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Chevron has rejected Exxon’s claims that the agreement applies to its pending all-stock deal to acquire Hess, valued at $53 billion.

The arbitration court will ultimately decide the timeline of the proceedings, but Hess has asked the panel to hear the merits of the case in the third quarter with an outcome in the following quarter. Chevron CEO Mike Wirth told analysts during the company’s first-quarter earnings call in April that this timeline should allow the parties “to close the transaction shortly thereafter.”

“We see no legitimate reason to delay that timeline,” Wirth said.

If Exxon prevails in the case, Chevron’s deal with Hess would break up. Woods has said Exxon is not making a play to buy Hess, but wants to defend its right in the interest of shareholders and find out what value is being placed on Hess’ Guyana assets.

Hess has a 30% stake in an oil patch called the Stabroek block off the coast of Guyana. Exxon leads the project with a 45% stake while China National Offshore Oil Corp. maintains 25% stake.

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Chevron CEO says natural gas demand will outpace expectations on data center electricity needs

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Chevron CEO says natural gas demand will outpace expectations on data center electricity needs

Chevron CEO Mike Wirth: Demand for natural gas will be higher than expected

Natural gas demand will likely outpace expectations as electricity consumption surges from artificial intelligence and data centers, Chevron CEO Mike Wirth told CNBC on Monday.

“It’s a little hard to quantify right now because this is evolving so quickly on the AI side,” Wirth told CNBC’s Sara Eisen at the Milken Institute’s Global Conference in Los Angeles. “But I think demand for natural gas is likely to be higher than what people have been estimating up until now.”

Wirth said the move to electrify the nation’s vehicle fleet, heating and manufacturing as well as the increase in demand from data centers will require reliable and affordable backup power generation.

Wind and solar offer affordable power in some regions, but they still face challenges in generating enough electricity to meet peak demand because they rely on variable weather conditions, the Chevron CEO said.

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“Data centers don’t shut down when the sun goes down,” Wirth said. “We need to have the ability to provide baseload supply for all of these needs. I think natural gas will be a big part of that equation going forward.”

Wirth said coal plants are being phased out in the U.S., nuclear power is expensive and geothermal energy is not as proven as other power sources. “You come back to natural gas as the most likely source of that reliable baseload supply,” the CEO said.

Electricity demand in the U.S. is expected to surge by as much as 20% by 2030, according to research from Wells Fargo published in April. Natural gas demand could increase by 10 billion cubic feet per day, or bcf/d, by the end of the decade as a consequence, according to Wells. To put that in context, the U.S. currently consumes 35 bcf/d for power generation and 100 bcf/d total.

Goldman Sachs is forecasting that natural gas will provide 60% of the new electricity demand from data centers, while renewables will provide 40%. The investment bank says natural gas pipeline operators such as Kinder Morgan, Williams Cos. and producer EQT Corp. stand to benefit.

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Lilium (LILM) receives firm order from UrbanLink to put 20 eVTOL jets into service in Florida

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Lilium (LILM) receives firm order from UrbanLink to put 20 eVTOL jets into service in Florida

Electric vertical takeoff and landing (eVTOL) developer Lilium has announced a new partnership with advanced air mobility (AAM) operator UrbanLink that includes the purchase of at least 20 all-electric eVTOL jets. The aircraft will be operated around Florida as UrbanLink looks to become the first US airline fully committed to the nascent technology.

Lilium ($LILM) is a startup founded in Munich, Germany, in 2015 that has since expanded its footprint of development teams across Europe and the United States. Its current staff sits around 1,000 personnel, including 500 aerospace engineers, who continue to work toward bringing Lilium’s unique eVTOL Jet design to commercial operations in Regional Air Mobility (RAM).

Last fall, we saw Lilium achieve development certification from the European Aviation Safety Agency (EASA), enabling the startup to continue developing, testing, and preparing its eVTOL jets ­en route toward certification and production before commercial operations.

Speaking of commercial operations, Lilium announced a new partnership with PhilJets in February to bring eVTOL jet rides to the Phillippines. Today, Lilium announced another partnership, this time with UrbanLink Air Mobility in the US, that includes a firm order with room for even more eVTOL jet sales in the future.

eVTOL jet
UrbanLink’s planned eVTOL service map / Source: Lilium

Lilium sells 20 eVTOL jets with opportunity for 20 more

Lilium shared details of its new partnership with UrbanLink today. The partnership includes a firm order for at least 20 eVTOL jets with an option for an additional 20 aircraft. The deal also includes scheduled pre-delivery payments from UrbanLink as the AAM operator looks to become one of the first US airlines to fully embrace aviation technology and integrate eVTOLs into commercial operations.

UrbanLink is led by Ed Wegel, a veteran in the aviation industry who previously served as founder and CEO of charter airline GlobalX alongside stints at Atlantic Coast Airlines and JetBlue. Wegel spoke:

While many airlines have discussed the potential of operating eVTOL aircraft, none have made a definitive commitment. UrbanLink will be the first airline in the U. to integrate eVTOL aircraft into its fleet. We are dedicated to revolutionizing the way people move to and from as well as within urban cores. After thorough evaluation of various manufacturers, we found the Lilium Jet to be the optimal choice for our needs, thanks to its superior cabin design, range, capacity, and cost-effectiveness.

To begin, UrbanLink intends to put the initial 20 eVTOL jets from Lilium into operation around South Florida, offering emissions-free flight routes between Miami, West Palm Beach, Boca Raton, Fort Lauderdale, and Marco Island.

Lilium began producing its first eVTOL jets in late 2023 and is targeting its first piloted flight tests ahead of airworthiness certification by the end of the year. Lilium CCO Sebastien Borel spoke about the company’s progress and its new collaboration with a regional airline like UrbanLink:

We are proud that UrbanLink has selected the Lilium Jet for its network and operations. This is a huge milestone, not only for Lilium, but for the commercialization of eVTOLs in the US We believe that this purchase of eVTOL aircraft is the first by a commercial operator that isn’t invested in the manufacturer that it is purchasing from. This is a sign that the market for eVTOL aircraft has matured and there is growing demand for aircraft that can provide connections between, rather than just within, cities. I know that Ed has the vision and operational expertise to make regional air mobility a success

UrbanLink intends to begin commercial flight services with the Lilium eVTOL jets by late 2026.

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