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We got to ride a pre-production model of a striking new e-bike/e-moped, the Owlet One, with lots of power in a small package.

We first met Owlet at Electrify Expo in Long Beach, CA, where we only had a couple minutes on its bike. But since the company is headquartered nearby in Los Angeles, they emailed us asking if we’d like a longer test ride, and delivered a bike to us for to spend a few hours on this time.

Just to set the stage for this ride: Owlet is a new brand, preparing to ship its first bike. So to start off, we rode a prototype, not the finished version. This means it may come with different features, and we’re not entirely sure when it will ship, either.

The first thing to notice about the Owlet One is its design, which certainly stands out immediately. The bike is made of aviation-grade aluminum, though is still quite hefty, tipping the scales at 84 lbs (but it felt even heavier in our hands).

On top of Owlet’s striking design, the bike is also somewhat of a unique shape and size. Despite offering a format that looks similar to an e-bike at first glance, it rides more like a small moped. This actually puts its 84lb weight into a different perspective – rather than being heavy for a bike, it can be thought of as light for a moped.

But photographs can’t encapsulate everything about the design of the Owlet, because it has one totally unique feature: an adjustable wheelbase.

This can be done by one person in under a minute, though requires a socket wrench and a small amount of elbow grease.

In practice, I found that the adjustable wheelbase probably won’t come up much for riding purposes. The longest wheelbase (or close to it) was the most comfortable and stable to me, and shorter wheelbases were a bit more of a novelty, especially on this powerful bike which can get a little squirrelly on the shorter settings.

Another issue is that it changes the angle of the kickstand, which means you can’t really use the kickstand outside of a narrow wheelbase range. The final bike will supposedly have a different kickstand design, but this will likely be an issue regardless of how it’s redesigned.

But it was good for making the bike small enough to fit into places you might not normally be able to fit a moped-style bike. Between its narrow handlebars and shrunk down to its smallest 44-inch-long setting, it fit into the back of both a Tesla Model Y and an Audi A3 wagon (both with seats down), but not quite into a Model 3 – which I’ve fit multiple normal-sized bikes into the back of, though with the front wheel removed. Though its hefty weight does mean it can be awkward to lift the bike in there in the first place.

And it’s got more power than you’d expect out of most e-bikes too. With a 750W motor (3000W peak), there’s plenty of get up and go, and plenty to keep you going even as you reach closer to its 30mph top speed. This top speed can be lowered through the bike’s computer, to fit your local regulations.

Speaking of regulations, the bike is officially categorized as a motorized scooter, rather than an actual e-bike, as it doesn’t have pedals. It’s in a similar category to electric kick scooters, so you need to have any class of driver’s license to ride it, though it can be used either on or off public roads (but check your area’s regulations for sidewalk use, helmet requirements, and so on).

The shrouding on the front fork does restrict turning radius, but only when walking the bike in tight corners

The throttle we tested was a thumb throttle, though we would have preferred a twist throttle. The thumb throttle is just too twitchy, and on a bike with such peaky acceleration, it could get jumpy. This was especially true with shorter wheelbase settings. Owlet says there will be an option for a twist throttle when the bike ships, but we’d also like to see the software moderate acceleration on the very low end even with the thumb throttle.

And the bike is fully throttle-driven – there are no pedals, only pegs. Owlet plans to offer an option for pegs attached to the front to allow a different, more laid-back seating position.

The motor, kickstand and pegs. This is the final wheel design, rather than the traditional spoked design in Owlet’s press photos above

I tested the bike with a few accessories I had laying around, but because of the Owlet’s unique design, not all of them would fit (the handlebar cupholder seen in some of my photos doesn’t come with the bike, for example, which has no bottle cage mount). You’ll probably want a backpack if you’re planning to carry things on this bike, rather than saddlebags or the like.

The bike’s owl-like headlights fit well with the brand name. The charging outlet is in the “beak”

Owlet says the bike’s 1500Wh battery (made with 2170-format cells) can take you around 40-60 miles, and comes with a 350W charger for a ~5 hour charge. Based on our test ride, we think this range is reasonable or perhaps even conservative – but I’m also a pretty lightweight rider at 155lbs, and always remember that e-bike ranges vary widely depending on terrain and rider.

The seat has a very cool look to it and is comfortable to sit on, partially due to integrated seat suspension. The front fork also has 3.5 inches of suspension travel. I’d have liked for both suspensions to be a little looser, but that is again likely due to my relatively light weight.

All of this comes with a caveat: we rode a prototype here, not a final bike. So the bike was missing some final features, some features weren’t working (like the headlight), and so on. Owlet says that specifically the LCD and foot stands will be changed, but we imagine other tweaks are possible (we hope one of the LCD changes makes it easier to read with polarized sunglasses – it was a bit tough, which is true of many, but not all, bike computer screens).

Owlet also has plans for a future bike, the Owlet 2, which is more solidly in the moped category, with a less wild design and higher range and top speed. Owlet shared an early prototype fact sheet with us, but given the One is already a bit of a ways out from delivery, don’t hold your breath for the 2 yet.

In short, the Owlet is a fun, quirky ride with a very design-forward ethos. If you’re looking for a bike that doesn’t look like any other, it could be worth looking into. Though it’s definitely on the unorthodox side and you have to be willing to accept its eccentricities when compared to more conventional two-wheeled devices.

The company is taking $50 refundable deposits for its bike, which it has said it wants to ship around March – but it also says that it’s waiting for a minimum batch quantity of preorders first, and that shipments would take 3-6 months after that, so we imagine March could be optimistic. If you want to get in line, you can reserve one here.

The bike will cost $3,995, though early reservers can get it for $2,995, along with an engraved serial number and a 1 year warranty/service package. Owlet wants to have service locations around LA and possibly one in New York, to begin with. It will distribute the bikes by shipping them directly to customers.


If you’re an e-bike/motorcycle/scooter owner, charge them up at home with rooftop solar panels. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing on solar, check out EnergySage, a free service that makes it easy for you to go solar. They have hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use and you won’t get sales calls until you select an installer and share your phone number with them. 

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisers to help you every step of the way. Get started here. – ad*

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California announces lawsuit to resist Congress’ illegal attacks on clean air

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California announces lawsuit to resist Congress' illegal attacks on clean air

California will go to court to protect its clean air in the face of illegal attacks by republicans in Congress, said California Governor Gavin Newsom today.

Earlier today, the US Senate voted to revoke California’s waiver to set its own clean air rules using the Congressional Review Act (CRA). The House previously voted on a similar measure earlier this month.

For more than half a century, California has asked for and been granted this waiver that allows it to set its own emissions rules. Other states can follow California’s rules (and around 11 states do so, though that amount differs for each rule), as long as they do so exactly, and as long as those rules are stronger than the national ones.

It has this unique authority because California had its own Clean Air Act before the federal Clean Air Act was passed, and because the state had a unique problem with smog at the time and needed stricter rules than the rest of the country. So a carveout was made in the federal law in recognition of this, and California has been granted this waiver over 100 times after following proper rulemaking processes, and denied zero times.

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California’s clean air laws have been effective in reducing pollution, with vehicle-based pollutants dropping by 98% in the last 50 years. But of course, there’s still more to be done, as the LA area remains one of the smoggiest in the country due to factors including geography, high car dependency, heavy shipping traffic, and a lack of public transitt.

Despite the protestations of industry at the time and since, these rules have not made it impossible for them to operate, or sell cars, or profit from selling cars, in California or any other states that follow its rules.

California’s newest set of rules is set to save Californians, and the residents of other states who follow them, hundreds of billions of dollars on health, fuel, and maintenance costs through 2050 by encouraging electrification – and of course will save thousands of lives due to pollution reductions.

Republicans targeted not just California’s regulation on light duty vehicles (ACC II), but also some other truck emissions rules (the ACT and HD low-NOx Omnibus rules), with their CRA action today.

The problem is, Congress does not have the power to revoke this waiver, because that’s not how the CRA works.

The CRA is an until-recently rarely-used Act which allows Congress to disapprove of recent rules set by a federal government agency, and bar that agency from implementing similar rules.

However, California’s waiver is not a rule from a federal government agency, it’s a waiver from the EPA to let California set its own rules. Therefore, the CRA doesn’t apply, as acknowledged by the Senate Parliamentarian, the Government Accountability Office, manymany other legal observers, and even Congress itself, where Senator Mike Lee voted to rescind the waiver, despite saying clearly that it “cannot be reviewed under the Congressional Review Act (CRA).”

It’s also outside the 60 day window allowed for review by the CRA. Stack another violation of law on top of the first one.

So, today’s action by Congress is illegal, and California is now going to court to stop it.

California announces lawsuit to protect clean air

Hot on the heels of republicans declaring their desire to raise health and fuel costs for Americans, and their opposition to clean air, California Governor Gavin Newsom came out with a response, committing to taking the issue to court, as California has done (and won) in the face of previous republican attacks on clean air.

Gov. Newsom declared his opposition to the republican plan to “Make America Smoggy Again” today, saying:

“This Senate vote is illegal. Republicans went around their own parliamentarian to defy decades of precedent. We won’t stand by as Trump Republicans make America smoggy again — undoing work that goes back to the days of Richard Nixon and Ronald Reagan — all while ceding our economic future to China. We’re going to fight this unconstitutional attack on California in court.”

-California Governor Gavin Newsom

California Attorney General Rob Bonta also spoke at the press conference, saying:

“With these votes, Senate Republicans are bending the knee to President Trump once again. The weaponization of the Congressional Review Act to attack California’s waivers is just another part of the continuous, partisan campaign against California’s efforts to protect the public and the planet from harmful pollution. As we have said before, this reckless misuse of the Congressional Review Act is unlawful, and California will not stand idly by. We need to hold the line on strong emissions standards and keep the waivers in place, and we will sue to defend California’s waivers.”

In its press release, the California Governor’s Office pointed to the decades of precedent upholding California’s waiver, which is protected by the Clean Air Act. It also pointed out that the California Air Resources Board was established under Governor Ronald Reagan, and waivers were first granted by President Richard Nixon.

Both of these individuals are republicans, though from a time before the party had fallen quite so far down the rabbit hole of openly wishing harm on Americans.

California goes on to talk about how Congress’ actions make driving less affordable by raising fuel and health costs, hand over the keys to the auto industry to China by slowing down the US auto industry’s transition to EVs, and harm the climate leadership of California, the most productive state and the 4th largest economy in the world, which has grown by 78% since the year 2000 while cutting greenhouse gas emissions by 20% since then.

California did not yet file the lawsuit, merely stated its intent to do so today. But courts have ruled in favor of California many times in the past in cases related to its authority to protect its own air, most recently doing so in December.

Clean air groups also offered their support for California’s lawsuit. The Environmental Defense Fund said:

“We stand with California’s leaders in protecting the health and safety of millions of people from harmful vehicle pollution. The state’s clean air standards for new cars and trucks protect children’s lungs and the communities where they grow up from smog and soot. They help farmers, builders, and others who work outdoors breathe easier. They reduce the climate pollution that fuels deadly wildfires, droughts, and other disasters. They save hard-earned money at the pump — and they save thousands and thousands of lives”

-Vickie Patton, General Counsel, Environmental Defense Fund

While the EDF did not yet join the lawsuit (as it hasn’t been filed), a number of nonprofits joined another California lawsuit against an illegal freeze on charging funds today, so we may expect future comment from the groups involved in that lawsuit.


On another note, republicans took action to cut the rooftop solar credit today. That means you could have only until the end of this year to install rooftop solar on your home, before republicans raise the cost of doing so by an average of ~$10,000. So if you want to go solar, get started now, because these things take time and the system needs to be active before you file for the credit.

To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them.

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here. – ad*

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Tesla Model Y compared to ‘Tesla killer’ Xiaomi YU7: it’s not even close

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Tesla Model Y compared to 'Tesla killer' Xiaomi YU7: it's not even close

Here we compare the specs of the new Tesla Model Y (Chinese version) to the newly unveiled Xiaomi YU7, a vehicle dubbed the ‘Tesla killer’.

For years, we laughed at people using the term ‘Tesla killer’ for new electric vehicles. To this day, even as Tesla’s sales are declining, it’s a bit dumb to use the term since no single EV is going to “kill” Tesla.

However, there’s one that is as close to do it as we have seen so far.

Earlier this year, we reported on how Xiaomi’s first electric vehicle, the SU7, had a major negative impact on Tesla’s Model 3 sales in China.

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At the time, we reported that the bigger concern for Tesla was that the Chinese electronics giant was now planning to launch a new EV, the YU7, aimed at competing against Tesla’s popular Model Y.

The Xiaomi YU7 was unveiled today, and we can now provide a side-by-side specs comparison that highlights Tesla’s problem in China.

Tesla Model Y vs Xiaomi YU7

The only thing that is missing about the YU7 as of the time of writing is the price, but it is expected to be very similar to Model Y and even likely to undercut by a bit.

Specs Tesla Model Y RWD Tesla Model Y Long Range AWD Xiaomi YU7 Standard (RWD) Xiaomi YU7 Pro (AWD) Xiaomi YU7 Max (AWD)
Launch Date January 2025 January 2025 July 2025 (expected) July 2025 (expected) July 2025 (expected)
Price (CNY) ¥263,500 ¥303,500 ~¥250,000 (est.) Not announced Not announced
Price (USD) ~$36,600 ~$42,200 ~$34,700 (est.) Not announced Not announced
Dimensions (L x W x H) 4,797 x 1,920 x 1,624 mm 4,797 x 1,920 x 1,624 mm 4,999 x 1,996 x 1,600 mm 4,999 x 1,996 x 1,600 mm 4,999 x 1,996 x 1,600 mm
Wheelbase 2,890 mm 2,890 mm 3,000 mm 3,000 mm 3,000 mm
Weight 1,921 kg 1,992 kg Not specified 2,405 kg 2,405 kg
Powertrain Single motor RWD Dual motor AWD Single motor RWD Dual motor AWD Dual motor AWD
Power Output Not specified (est. 200-250 kW) Not specified (est. 350-400 kW) 235 kW (315 hp) 508 kW (681 hp) 508 kW (681 hp)
0-100 km/h 5.9 s 4.3 s 5.8 s 4.3 s ~3.2 s
Top Speed 201 km/h 201 km/h 240 km/h 253 km/h 253 km/h
Battery Type LFP NMC LFP LFP Li-ion ternary (CATL)
Battery Capacity ~62.5 kWh ~80 kWh 96.3 kWh 96.3 kWh ~101.7 kWh
Range (CLTC) 593 km 719 km 835 km 750 km 760 km
Charging Architecture 400V 400V 800V 800V 800V
Seating Capacity 5 (7 optional) 5 (7 optional) 5 5 5
Key Features – Updated design – Rear seat touchscreen – FSD-capable – Same as RWD – Higher performance – Panoramic HUD – HyperOS – Larger cabin – Same as Standard – Higher performance – Top-tier performance – Premium interior (assumed)
Autonomous Driving FSD with AI4 computer FSD with AI4 computer Nvidia Thor chip (700 TOPS) Nvidia Thor chip (700 TOPS) Nvidia Thor chip (700 TOPS)

These specs show that the vehicles are extremely similar. The main difference is that Xiaomi packs a lot more batteries into the YU7 than Tesla puts into the Model Y, resulting in a significant difference in range.

To be fair to Tesla, it still dominates in efficiency as it does more with fewer batteries, which is an important skill to have. However, most customers don’t care about that and want a longer range. They don’t care how you make it happen.

Another big difference is the design.

As we previously reported, the Tesla Model Y design refresh looks similar to other Chinese EVs.

Based on the online reception, the Model Y is viewed as having a more tired design that is not as luxurious as the YU7.

That’s particularly true of the exteriors.

It’s a similar situation in the interior, but Xiaomi also outshines Tesla here with more technology, like display along the dash:

Both vehicles feature a large center display where most of the controls are located.

Electrek’s Take

I think Tesla is in trouble in China. The competition is impressive and there are vehicles that clearly directly target Model Y, Tesla’s bread and butter, and there’s no better example than this one.

The only thing missing is pricing, but if it’s priced as expected, which is like the SU7 to the Model 3, it will make it a no-brainer for most buyers.

Also, Xiaomi often gets mentioned as a ‘Tesla killer’ because the vehicles are not only ultra competitive with Tesla, but it is also producing them in high volumes.

SU7 outsold the Model 3 within a year of launching. The YU7 is coming to market within the next 2 months, and it should reach impressive volumes that are going to put pressure on Tesla’s Model Y sales by the end of the year.

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Top $TRUMP holders head to crypto dinner with president that Democrats call ‘orgy of corruption’

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Top $TRUMP holders head to crypto dinner with president that Democrats call 'orgy of corruption'

Jonathan Raa | Nurphoto | Getty Images

Nick Pinto is a marketing director at his family’s law firm in New Jersey. He’s also a crypto trader who spent enough money on Donald Trump’s meme coin to win a spot at a private black-tie dinner with the president scheduled for Thursday night.

“I was kind of early in bitcoin and ethereum, so I’ve always been trading crypto,” said the 25-year-old Pinto, who claims he finished number 72 on the leaderboard for the token contest. “Once I saw the announcement that Trump was releasing a coin, I immediately started to purchase it.”

Pinto said in an interview that he spent half a million dollars on the $TRUMP meme token in order to attend the dinner, which is being held at President Trump’s private golf club in Potomac Falls, Virginia, near Washington, D.C. Pinto shared screenshots with CNBC that appear to back up his claim.

The $TRUMP coin, which has no attached asset or underlying value, was launched just ahead of the president’s inauguration in January and has drawn heavy scrutiny from Democratic lawmakers who say President Trump is profiting from his position of power.

The dinner was announced last month and promised to reward the top 220 token owners with “the most exclusive invitation in the world.” The top 25 finishers were also told they would get a private reception with the president, as well as a “special VIP tour.”

President Trump hosts meme coin megadonors amid conflict of interest claims

Democratic senators called the competition a blatant example of “‘pay to play’ corruption” — the coin jumped 50% after the dinner announcement. Earlier this week, the Senate advanced a Trump-backed crypto regulation bill called the GENIUS Act after getting enough Democratic support to clear a potential filibuster.

Guests for Thursday night’s dinner were required to complete a background check, according to a copy of the invitation viewed by CNBC. Attendees were instructed not to arrive before 5:30 p.m., with the dinner starting at 7 p.m. and expected to last three hours.

Pinto doesn’t know what his investment in $TRUMP will get him other than the dinner. He said he thinks the tokens will be usable in a digital Trump golf game that was announced in December and is expected to launch next month, according to a press release.

“There’s a few things that I want to ask him,” Pinto said. “I definitely want to find out if he’s going to want to use this coin in the game. That’s probably my top question, because not many people know about that game.”

The Trump coin team didn’t immediately respond to a request for comment.

Because crypto wallets are pseudonymous, most participants in the competition appeared only as three- to four-letter usernames linked to cryptographic wallet addresses. Many of the winners are tied to international exchanges, according to blockchain analytics firm Inca Digital, raising concern that non-Americans may be paying for the opportunity to try and influence the U.S. president.  

While Pinto is going public about his participation, most of the identities tied to top wallets are unknown. Blockchain data shows that a majority of the top entrants used offshore exchanges barred to U.S. residents. An analysis by Bloomberg revealed that 19 of the top 25 wallets, and more than half of the top 220, are almost certainly owned by individuals operating outside the U.S.

The competition drew an estimated $148 million in purchases from supporters around the world, a massive fundraising haul for a digital asset launched just months ago. Among those attending is Justin Sun, the Chinese-born founder of the TRON blockchain, who confirmed this week that he is the contest’s top-ranked investor.

At current prices, Sun’s stake in $TRUMP is now worth more than $20 million. Sun was also one of the first major backers of World Liberty Financial, the Trump family’s crypto venture, buying at least $75 million of its native token “WLFI.”

In 2023, U.S. regulators accused Sun of illegally selling unregistered securities and artificially inflating token prices. A month into Trump’s second White House term, a federal court filing showed the SEC was in settlement talks with Sun to resolve the civil fraud charges.

Trump hosts exclusive gala for meme coin holders as lawmakers raise ethics concerns

Final leaderboard

MemeCore, a Singapore-based crypto network that was vocal in its quest to secure a spot at the Trump dinner, landed in second place with an investment of around $19.7 million, according to a post on X that the company later deleted. MemeCore didn’t immediately respond to a request for comment.

Some buyers didn’t make the cut.

Freight Technologies, a Houston-based logistics company, said it spent $2 million on $TRUMP tokens as part of what it called a strategic push to “champion fair and free trade” across the U.S.-Mexico border. The company still finished in 250th place. Freight trades on the Nasdaq as a penny stock and has a market cap of about $6.5 million.

The final leaderboard was calculated using a time-weighted formula that factored in both the size and duration of each participant’s holdings. That means early buyers who held onto their tokens consistently, like Pinto, could outrank bigger last-minute spenders.

Investors in $TRUMP, like with other meme coins, have to be prepared for big ups and downs.

Immediately after its launch in January, the Trump coin spiked to a $15 billion market cap before crashing within days. It’s currently worth about $2.1 billion.

That volatility has created stark winners and losers. Blockchain data shows that more than $5.2 billion in profits flowed to the top wallets, while over 590,000 wallets — mostly small retail traders — collectively lost nearly $4 billion.

Since January, more than $324 million in trading fees have been routed to wallets tied to the project’s creators, according to Chainalysis. The token’s code automatically directs a cut of each transaction to these addresses, allowing the team to profit from ongoing activity. The blockchain analytics firm stopped tracking the president’s meme token about two weeks ago, citing a need to refocus resources on paying clients.

The Trump family has reaped enormous financial benefit. Roughly 75% of proceeds from World Liberty Financial and more than 80% of profits from the meme coin have gone directly to the Trump Organization and affiliated entities. The project has also generated hundreds of millions of dollars in trading fees.

Senator Chris Murphy, D-Conn., has introduced legislation that would ban sitting presidents from profiting off meme coins while in office.

In a press conference hours before the dinner, Murphy warned that “just because the corruption is playing out in public where everybody can see, it doesn’t mean that it isn’t rampant, rapacious corruption.” He called tonight’s event “maybe the most corrupt, of all of the corruption.”

Sen. Elizabeth Warren, D-Mass., went further, describing the gathering as “an orgy of corruption” and accusing Trump of using the presidency “to make himself richer through crypto.” She called for changes to the GENIUS Act that would bar any president from profiting off stablecoin ventures.

With Republicans in control of both chambers of Congress, Democrats have limited ability to force action.

In response to CNBC’s questions about the dinner, Deputy White House Press Secretary Anna Kelly said, “The president is working to secure good deals for the American people, not for himself,” adding that he “only acts in the best interests of the American public.”

Pinto, who paid $500,000 for his invitation and still holds most of his tokens, said the risk is worth it.

“I didn’t put in more than I’m willing to lose,” he said. “I’m fine if it goes to zero.”

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Bitcoin surges to new record high above $111,000: CNBC Crypto World

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