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Last summer I had the chance to test out the European designed and manufactured electric scooter Äike T at its world debut launch. As one of the first-ever test riders, I didn’t quite know what to expect. But after checking it out and doing my first few parking lot donuts, I knew this would be something special. Now nearly a year later, the Äike T is finally coming to the US via a new subscription service known as Tempo.

The Äike T is one of the first partners of Tempo, a new electric mobility subscription platform led by the founder of e-scooter pioneer Scoot, Michael Keating.

The subscription service is first launching in San Francisco, but the team behind the 20 mph (32 km/h) Äike T electric scooter expect to expand further around the US in the coming year.

As part of the exclusive partnership with Tempo, Äike customers can subscribe to the company’s award-winning Äike T scooter on a month-to-month or annual basis.

Äike T electric scooter

When I first covered the scooter, I called it one of the best designed options on the market. And nearly a year later I still stand by that description. The Äike T is a groundbreaking electric scooter in a number of ways.

First, it is entirely developed and produced in Europe, bucking the industry trend of relying on Chinese off-the-shelf parts and assembly for nearly all other electric scooters. It is one of the only electric scooters in the world designed and built in-house, and it shows.

It was also built by the team behind Comodule, the connectivity platform that powers countless electric mobility products from e-bikes like SUPER73s to high-end CAKE electric motorcycles. That gives the Äike T industry-leading connectivity for features like GPS tracking for anti-theft as well as telemetrics that communicate between riders’ phones and their scooters.

The scooter can be locked remotely by the rider and even disabled remotely, removing any resale value in a stolen scooter (and hopefully eventually making the scooters unattractive to thieves once word gets out that they can’t be used or resold).

Riders can also control features like the regenerative braking intensity, which is used to recharge the battery and add more support to the sealed drum brakes.

Unlike disc brakes that fade when wet, the drum brakes could theoretically work just as well even submerged under water. And thanks to the waterproof design of the scooter, wet riding is entirely possible (though still not all that advisable… friction being what it is and all).

The scooter is one of only a handful on the market to include a removable battery, making it possible to swap out batteries to double a rider’s range or simply charge the battery inside while leaving the scooter locked outside or in a garage.

The 583 Wh battery is rated for around 25 miles (40 km) per charge. While that range isn’t groundbreaking by itself, the removable battery is still a rarity in this industry.

And speaking of charging, the Äike T is also the only electric vehicle in the world that can charge from a USB-C laptop charger, making it easy to top up the battery on the go even if riders didn’t bring their charger from home. Nearly any USB-C laptop charger will work, though the higher power 100W models will make the charging process quicker.

Äike CEO Kristjan Maruste explained that the US launch will hopefully help push the local e-scooter market forward:

As we kick off our North American launch in San Francisco, we think consumers will be shocked how different, and how fun, the Äike T e-scooter is compared to the mass-produced e-scooters currently flooding the U.S. market. With its sleek award winning design, user-friendly features, removable battery, and high customizability, having the Äike T now available on Tempo is an important stepping stone to converting the U.S. to high-quality electric scooters.

My first test ride on the Äike T electric scooter, last year in Tallinn, Estonia.

In terms of construction, the Äike T is built like a tank. Don’t let the elegant-looking single side-supported wheels fool you; the Äike T is rated for riders weighing up to 150 kg (330 lb.). I could stack five cases of beer on the spacious deck, sit on those to ride it, and still be under the weight limit.

That would probably work pretty well, too. The deck is designed to be wide enough to accomodate a rider with feet side-by-side, though I’m not sure why anyone would want to ride that way. Perhaps it’s because I’m used to riding electric skateboards, but having a forward and rearward point of contact on a deck just seems more stable to me so I can shift my weight while braking or accelerating. But if you like to ride your scooter like a bathroom scale, you can do it on the Äike T.

The scooter is also designed to handle potholes and rough road conditions that could shake other scooters to bits. The 11-inch wheels with automotive-style tubeless pneumatic tires and rims help to upgrade that durability and longevity. The hub motor is rated at 350W nominal, though puts out 1,000W of peak power. The top speed in the US is limited to 20 mph (32 km/h). While at the launch, I asked Maruste what the true top speed was if the scooter was unlocked. With a sly smile he replied, “Much faster.”

I don’t expect that riders will be given that option to unlock the speed, but it shows that the scooter is built to handle much more than its likely use case, meaning riders won’t have to worry about longevity. But of course that’s one of the advantages to subscription services anyway, that riders don’t have to worry about as many of the hassles of conventional ownership. They also get the chance to use higher-quality machines than they might not otherwise be able to afford to buy outright. Subscription prices for the Äike T start at US $75 per month in the US, compared to the scooter’s purchase price in Europe of between €1,400 to €2,000 (US $1,500 to $2,150), depending on the model.

Keating further expanded on the subscription model:

At Tempo, we believe we can all have freedom of movement while protecting our communities and our planet. By offering electric bikes and scooters on a subscription basis, we are opening up electric mobility to millions of new riders. To show the world how great this can be, we are launching our service with the world’s best performing, best designed, and most technologically advanced scooter: the Äike T.

Electrek’s Take

The Äike T is by far one of the nicest electric scooters I’ve ever tested, and seeing the engineering that went into its design makes it that much more beautiful, inside and out. To see it finally come stateside is an exciting day! They’re also just a really fun company that takes a huge amount of pride in their work. They even put their own employees in the marketing images. That’s the CEO in the old-timey bathing suit at the top of this article, and the head of growth in the next two pictures.

But as nice as the scooter is, the subscription model is a really cool addition to this story since most electric scooter riders aren’t chomping at the bit to lay down nearly two g’s for a scooter.

Other premium electric scooter models like Unagi have found major success with a subscription model, and it certainly makes sense in cities like San Francisco, New York, and other major metropolitan areas where so many trips can easily be completed by a scooter, yet many younger workers are living on tighter budgets stretched even thinner due to high rents and a soaring cost of living.

Here’s to hoping that we’ll see Äike expand even further around the US soon!

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BP profit falls sharply but CEO says oil major ‘off to a great start’ in strategy reset

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BP profit falls sharply but CEO says oil major 'off to a great start' in strategy reset

British oil and gasoline company BP (British Petroleum) signage is being pictured in Warsaw, Poland, on July 29, 2024.

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British oil giant BP on Tuesday posted slightly weaker-than-expected first-quarter net profit, following a recent strategic reset and a slump in crude prices.

The beleaguered oil and gas major posted underlying replacement cost profit, used as a proxy for net profit, of $1.38 billion for the first three months of the year. That missed analyst expectations of $1.6 billion, according to an LSEG-compiled consensus.

BP’s net profit had hit $2.7 billion a year earlier and $1.2 billion in the final three months of 2024.

The results come as the energy major faces fresh pressure from activist investors less than two months after announcing a strategic reset.

Seeking to rebuild investor confidence, BP in February pledged to slash renewable spending and boost annual expenditure on its core business of oil and gas.

BP CEO Murray Auchincloss told CNBC’s “Squawk Box Europe” on Tuesday that the firm was “off to a great start” in delivering on its strategic reset.

BP CEO Murray Auchincloss discusses first-quarter results

“We had a great operational quarter. We had our highest upstream operating efficiency in history. Our refineries in the first quarter ran at the best they’ve run in 24 years. We had six exploration discoveries in a row, which is really unusual and we started out three major projects,” Auchincloss said.

For the first quarter, BP announced a dividend per ordinary share of 8 cents and a share buyback of $750 million.

Net debt rose to $26.97 billion in the January-March period, up from $22.99 billion at the end of the fourth quarter. BP had previously warned of lower reported upstream production and higher net debt in the first quarter, when compared to the final three months of last year.

Shares of BP fell 3.3% on Tuesday morning. The firm is down roughly 8% year-to-date.

Activist pressure

BP’s green strategy U-turn does not appear to have gone far enough for the likes of activist investor Elliott Management, which went public last week with a stake of more than 5% in the London-listed firm.

The disclosure makes the U.S. hedge fund BP’s second-largest shareholder after BlackRock, the world’s largest asset manager, according to LSEG data.

Elliott was first reported to have assumed a position in the oil and gas company back in February, driving a share price rally amid expectations that its involvement could pressure BP to shift gears back toward its oil and gas businesses.

BP’s Auchincloss declined to comment on interactions with investors when asked whether the firm was under pressure from the likes of Elliott to go beyond the plans announced in its February pivot.

Notably, BP suffered a shareholder rebellion at its annual general meeting earlier this month. Almost a quarter (24.3%) of investors voted against the re-election of outgoing Chair Helge Lund, a symbolic result that reflected a sense of deep frustration among the firm’s shareholders.

Mark van Baal, founder of Dutch activist investor Follow This, told CNBC last week that he hoped the shareholder revolt means Amanda Blanc, who is leading the process to find Lund’s successor, will look for a new chair who is “climate competent” and “will not respond to short-term activists so quickly.”

Lund is expected to step down from his role next year.

Takeover candidate

BP’s underperformance relative to industry peers such as Exxon Mobil, Chevron and Shell has thrust the energy major into the spotlight as a prime takeover candidate. Energy analysts have questioned, however, whether any of the likeliest suitors will rise to the occasion.

BP’s Auchincloss on Tuesday said that he wouldn’t speculate on whether the company is a takeover target, but confirmed the oil major had not asked for any sort of protection from the British government.

“What I will say is we’re a strong, independent company and we’ve got sector-leading growth. And if we can deliver the sector-leading growth, and the first quarter is a fantastic example of that, then I have no concerns. I think we’re going to do great,” Auchincloss said.

Murray Auchincloss, chief executive officer of BP, during the “CERAWeek by S&P Global” conference in Houston, Texas, on March 11, 2025.

Bloomberg | Bloomberg | Getty Images

Oil prices have fallen in recent months on demand fears. International benchmark Brent crude futures with June delivery traded at $65.19 per barrel on Tuesday morning, down more than 1% for the session. That’s lower from around $84 per barrel a year ago.

Asked whether weaker crude prices could put the some of the firm’s reset plans in jeopardy, Auchincloss said, “Not really. We have a balance of products that we think about that generate revenue for us. So, oil, natural gas and refined products as well.”

— CNBC’s Ruxandra Iordache contributed to this report.

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The first giant 15 MW turbine is up at Germany’s largest offshore wind farm

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The first giant 15 MW turbine is up at Germany’s largest offshore wind farm

Germany’s largest offshore wind farm under construction, EnBW’s He Dreiht, just hit a big milestone: The first enormous turbine is now up in the North Sea.

He Dreiht – which means “it spins” in Low German – is using Vestas’s massive 15 megawatt (MW) turbines, the first project in the world to install them. Just one spin of one of the rotors can generate enough electricity to power four households for an entire day.

When it’s finished, He Dreiht will have 64 mega turbines cranking out 960 megawatts (MW) of clean power – enough to supply around 1.1 million homes. And it’s being built without any government subsidies.

EnBW, one of Germany’s major energy companies, has been working in offshore wind for more than 15 years, but He Dreiht is their biggest project yet. “It will play a key role in helping us to significantly grow our renewable energy output from 6.6 GW to over 10 GW by 2030,” said Michael Class, who heads up EnBW’s generation portfolio development.

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The project is a win for Vestas, too. “With the installation of the first V236-15.0 MW, we have reached an important milestone for both the He Dreiht project and our offshore ramp-up, which helps Germany build a more secure, affordable, and sustainable energy system,” said Nils de Baar, president of Vestas Northern & Central Europe.

He Dreiht is located about 85 kilometers (53 miles) northwest of Borkum and 110 kilometers (68 miles) west of Helgoland. At peak times, more than 500 workers will be out at sea building the farm, using a fleet of more than 60 ships. EnBW’s offshore team in Hamburg is running the show.

The installation process is a major operation. The 64 foundations were already set in the seabed last year. Parts for the turbines are loaded onto the installation vessel Wind Orca in Esbjerg, Denmark, and shipped out in a 12-hour journey to the construction site. From there, the turbines are lifted into place. Meanwhile, crews are also working on internal wind farm cabling.

A partner consortium made up of Allianz Capital Partners, AIP, and Norges Bank Investment Management owns 49.9% of the shares in He Dreiht.

Read more: Trump admin halts $5 billion NY offshore wind project mid-build


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Tesla gives update on Tesla Semi factory, says on track for volume production in 2026

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Tesla gives update on Tesla Semi factory, says on track for volume production in 2026

Tesla has released a quick update about its Tesla Semi factory in Nevada. It says that it is on track for volume production of the electric semi truck in 2026.

The Tesla Semi was first scheduled to go into production in 2019, but it has faced numerous delays.

Now, it appears that there is finally some momentum to bring it to volume production.

For the last two years, Tesla has been working to build a new factory next to Gigafactory Nevada, where it builds the battery packs and drive units for most of its electric vehicles built in North America.

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Today, Tesla released a “progress update on the factory, confirming that it finished building and it’s now working on deploying the production lines:

Tesla had previously mentioned aiming for volume production by 2025, but it is now only talking about starting production toward the end of the year and ramping up next year.

The automaker reiterated its planned production capacity of 50,000 units.

We recently reported that an early Tesla Semi customer, Ryder, stated that the electric truck program is experiencing more delays and a price increase described as “dramatic.”

They now expect to take deliveries of their first trucks later in 2026 and said that the price has increased “dramatically,” leading them to scale back their pilot program from 42 to 18 Tesla Semi trucks.

When originally unveiling the Tesla Semi in 2017, the automaker mentioned prices of $150,000 for a 300-mile range truck and $180,000 for the 500-mile version. Tesla also took orders for a “Founder’s Series Semi” at $200,000.

However, Tesla didn’t update the prices when launching the “production version” of the truck in late 2022. Price increases have been speculated, but the company has never confirmed them.

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