How professional thieves stole $1 million worth of unreleased e-bikes in seven minutes
When my high-end electric bike was stolen last year, the intense combination of feelings ranging from violation to anger was hard to describe. But that is nothing compared to what one innovative electric bike maker is going through after $1M worth of unreleased new e-bikes was stolen in one fell swoop.
Biktrix, the Canadian e-bike maker behind several impressively designed, high-power models, shared the devastating news that a container of new Juggernaut FS ST e-bikes was stolen from the company’s Delta, BC warehouse. There were also several prototype models Biktrix is developing for release next year in the container.
It’s a huge setback for Biktrix, which has grown from humble beginnings a decade ago as a garage startup into a major e-bike maker with a 20,000-strong customer base.
The new Juggernaut FS ST e-bike model was recently announced, with Biktrix preparing to begin shipments to fulfill pre-orders. This was the first batch of these new e-bikes produced.
Unlike many white-labeled electric bikes that use a combination of à la carte components and frames chosen from a catalog of OEM parts, the Juggernaut FS ST is Biktrix’s own in-house design. It also features a unique frame with a hidden rear shock assembly, making it easy to identify.
The bike includes a powerful mid-drive motor that puts out 1,200 watts of power, as well as an industry-leading 1,300 Wh battery. That’s roughly twice the size of the average e-bike battery on most models these days.
With a combination cadence and torque sensor for pedal assist as well as throttle control, it’s quite unique among today’s high-powered full-suspension e-bikes, especially for an easy-to-mount step-through e-bike.
Its eye-catching design should make the bike easily identifiable. To further help identify the bikes, should they make it onto the secondary market, Biktrix shared that they include serial numbers in the range from BK2CE30001 to BK2CE30140.
Biktrix also shared security footage showing the suspected thieves arriving at the warehouse with a Ryder semi-truck used to pull the container. The container appears to have been mounted on a container chassis, likely from its recent delivery at the warehouse. The thieves broke the lock securing the container chassis, connected it to the semi-truck, and drove off into the night with one million dollars worth of unreleased new e-bikes in tow. They were on site for just seven minutes.
What likely would have been a fairly simple case for the police in a country with stronger public surveillance turned out to be a nightmare for Biktrix. The company discovered after talking to police that traffic cameras in Canada don’t actually record video unless a car is speeding or runs a red light. The company also provided the license plate number of the thieves, but the police could legally only surveil them for two days. As the company’s CEO explained, the vehicle didn’t go near the bikes in those two days, and so the police had to end the surveillance and effectively release the thieves.
“This container wasn’t just metal and contents, this container was like a treasure chest of our dreams, our entire team’s hard work, and considerable market value worth $1M—comprising all of our savings,” explained Biktrix Founder and CEO Roshan Thomas.
The container was insured with a standard ship to shore policy, commonplace in the ocean freight industry. However, the container had already reached Biktrix’s receiving warehouse, meaning it would typically no longer be covered under the policy.
While it is looking increasingly unlikely, the company hopes that the Canadian police will be able to locate the container before the bikes are lost. They also urge anyone who sees the container or the Juggernaut FS ST bikes to contact their local authorities. These are the only Juggernaut FS ST bikes in North America.
In the meantime, Thomas and the rest of the company are trying to keep their spirits up, explaining “We’re determined not to let this set us back. Instead, we’re using it as fuel to push harder, innovate more, and keep believing in what we do.”
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Tesla (TSLA) releases Q3 2025 financial results: earnings decline despite record revenue
Tesla (TSLA) released its financial results and shareholders’ letter for the third quarter (Q4) 2025 after market close today.
We are updating this post with all the details from the financial results, shareholders’ letter, and the conference call later tonight. Refresh for the latest information.
Tesla Q3 2025 earnings expectations
As we reported in our Tesla Q3 2025 earnings preview yesterday, the Wall Street consensus for this quarter was $26.457 billion in revenue and earnings of $0.55 per share.
It would represent a record quarter in terms of revenue, thanks to record deliveries due to demand being pulled forward into Q3 in the US, amid the end of the federal tax credit for electric vehicles.
However, the expectations suggest that Tesla’s earnings are continuing to erode despite the positive temporary circumstances of the third quarter.
How did Tesla do compared to expectations?
Tesla Q3 2025 financial results
After the market closed today, Tesla released its financial results for the first quarter and confirmed that it delivered below expectations with earnings of $0.50 per share (non-GAAP), and it exceeded revenue expectations with $28,095 billion during the last quarter.
This is quite disappointing, considering Tesla’s operating income decreased by 40% year-over-year, despite achieving record revenue.
The difference is accounted for by a decrease in gross margin from 19.8% to 18%. In part due to Tesla losing some regulatory credits and lowering prices across most products.
Bulls also can’t explain this by Tesla investing in the future, as capex is significantly down year-over-year.
Nonetheless, the automaker added to its war chest, which now sits at $41.6 billion.
We will be posting our follow-up posts here about the earnings and conference call to expand on the most important points (refresh the page to see the most recent posts):
Here’s Tesla’s Q3 2025 shareholder presentation in full:
Here’s Tesla’s conference call for the Q3 2025 results:
If you are in the US, the next few weeks are likely the last opportunity to secure a solar installation and take advantage of the federal tax credit, which is set to expire.
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Jeep and Ram’s parent company, Stellantis, is pushing back two more electric vehicles that were due out next year. The delay is the latest in a series of delays or plans to cancel what were considered key EVs.
Stellantis delays Alfa Romeo Giulia and Stelvio EVs
Add it to the growing list of electric vehicles that have recently been delayed or cancelled altogether. The current gas-powered Alfa Romeo Giulia and Stelvio will live on for at least another year in the US.
Initial plans called for both to arrive as next-gen variants in 2026, offered exclusively with electric powertrains. Stellantis is now delaying the EV versions for another year and will continue selling the current models until Alfa Romeo is ready to adopt the STLA Large platform.
Stellantis CEO Santo Ficili announced the news during a presentation for the updated Tonale SUV, according to a report from Motor1.
The Giulia and Stelvio have been on sale in the US for a decade now and are still based on the same Giorgio platform they arrived with.
Stellantis is delaying the EV variants to give Alfa Romeo more time to fit the next-gen Giulia and Stelvio on the STLA Large platform with gas engines. Although it’s not confirmed, the replacements will likely use the same twin-turbo inline-six “Hurricane” as the Dodge Charger Sixpack.
The announcement follows Stellantis’ decision to cancel Ram’s first electric pickup, the Ram 1500 REV. Instead, Ram will focus on the range-extended version.
Stellantis also cut the base R/T trim from the Dodge Charger EV lineup and reportedly shelved plans for a range-topping SRT Banshee model.
Ram and Jeep plan to bring back the HEMI engine for the Ram 1500 and Wrangler Rubicon 392, while the 2026 Dodge Durango will be exclusively available with a HEMI.
While Stellantis is shifting plans, at least one EV is still on track. Jeep’s CEO Bob Broderdorf confirmed the Recon EV, its “Wrangler-inspired” electric off-roader, will debut soon with sales starting next Spring.
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Tesla has released its latest Autopilot safety report, and the limitations are still presented misleadingly; however, one clear thing is that the data is worsening.
Tesla notoriously doesn’t release any relevant data to prove the safety of its ADAS systems: Autopilot and Full Self-Driving (Supervised).
The only thing the automaker releases is its quarterly “Autopilot safety reports”, which consist of Tesla releasing the miles driven between crashes for Tesla vehicles with Autopilot features turned on, and comparing that with the miles driven by vehicles with Autopilot technology with the features not turned on, as well as the US average mileage between crashes.
There are three major problems with these reports:
- Methodology is self‑reported. Tesla counts only crashes that trigger an airbag or restraint; minor bumps are excluded, and raw crash counts or VMT are not disclosed.
- Road type bias. Autopilot is mainly used on limited‑access highways—already the safest roads—while the federal baseline blends all road classes. Meaning there are more crashes per mile on city streets than highways.
- Driver mix & fleet age. Tesla drivers skew newer‑vehicle, higher‑income, and tech‑enthusiast; these demographics typically crash less.
With all these flaws in Tesla’s quarterly Autopilot safety reports, the primary value lies in comparing the miles between crashes with Autopilot features turned on over time.
As we previously reported, even this remains problematic, as Tesla stopped reporting the data for over a year. When it resumed reporting last year, it edited the previously released data.
However, there are reasons to believe Tesla’s data now, as it doesn’t look good for the company.
Here’s Tesla’s latest report for Q3 2025:
In the 3rd quarter, we recorded one crash for every 6.36 million miles driven in which drivers were using Autopilot technology. For drivers who were not using Autopilot technology, we recorded one crash for every 993,000 miles driven. By comparison, the most recent data available from NHTSA and FHWA (from 2023) shows that in the United States there was an automobile crash approximately every 702,000 miles.
It’s now the third quarter in a row where Tesla had a year-over-year decline in mileage between crashes:
The data deteriorated enough that Tesla had to give up its misleading claim that “Autopilot is safer than human by 10x” and now says “9x” instead:
The comment is still misleading for the previously mentioned reasons and should be labeled as “Autopilot + human driver” as it requires driver attention at all times.
There’s no way to know how many accidents human drivers prevented during Autopilot mileage.
Electrek’s Take
Again, I have to emphasize that this report only has value when you compare the Autopilot mileage against itself over time.
It’s also important to compare the same periods year-over-year as accidents are more common during the winter due to people driving more often after dark and in more difficult conditions.
Therefore, the only important thing that this report highlights is that Autopilot is getting worse.
Shouldn’t that be worrying? Shouldn’t Tesla address that instead of falsely claiming it means Autopilot is 10x, 9x safer than humans?
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