Today, we take a first look at the Envo Stax, a $2,000 almost-perfect e-bike that looks like a regular bike. It might have just become my new favorite electric bike.
I know that Micah generally does our e-bike reviews, as he should, he is the GOAT of e-bike reviewers after all. But I really wanted to do this one because when I first heard about the Stax, I felt like it was my perfect next bike.
For a quick background on my e-bike experience, I love them. I think e-bikes should take over a much larger market share of the overall mileage. I know it is doing just that for my own mileage.
Every time I can grab one of my e-bikes rather than my car, I do. It turns my travel into a fun activity. Obviously, regular bikes are great for that too, but e-bikes increase the opportunities by helping you find a balance between working out and covering distances.
You can also get to your destination using a stronger pedal assist and come back home without – or with less assist – to get a workout. It just offers some great opportunities like that.
My main e-bike has been the RadPower Radrover 6 Plus. It’s a great e-bike, and I love it, but it didn’t exactly match my needs.
With the power, front suspension, and fat tires, it is perfect for off-roading and that’s why I bought it. There’s a national park near where I live, and it is great to ride on the trails and dirt roads there.
But in practice, I found myself riding this bike on roads and bike paths about 90% of the time. And while the experience is still good there, it is not where the bike shines.
When I ride e-bikes, I like to find a balance between working out and using pedal assist. It is doable with the Radrover, but it is more difficult because of the weight and inefficiency of the fat tires.
So I started thinking about having a new daily rider that is more suited for road biking.
Enter the Envo Stax.
When I first learned about the Stax, I felt it might be the solution to my little problem.
First off, it looks great. You almost can’t tell that it is an electric bike. It is equipped with Envo’s own 500w motor that almost disappears behind the transmission system and brakes:
It can bring the speed of the Stax up to 32 km/h (20 mph) to fit most North American standards, but you can play in the settings of the beautiful color display if you want to change that – wink, wink.
As for the range, Envo is talking about 100 km or 62 miles range on the pedal assist level 1 (out of 5).
In my experience, that should be achievable and unlike many other e-bikes, the Stax feels great on level 1, or even without pedal assist, because it is so efficient.
My riding experience has been flawless so far with the Stax. I was able to set it up for a very comfortable riding position and customized the handle for effortless access to changing gear, pedal assist level, or pressing the optional throttle.
Where the Stax shines is its weight, which comes at just 42 lbs or 19 kg. It is very light for an e-bike, making it as usable as a regular bike without pedal assist.
It’s also useful to carry the bike around when you need to, like up the stairs if you live in a condo or apartment.
The only complaint I have about the Stax is its charge port. One of the reasons they managed to make it look like a normal non-electric bike is by seamlessly hiding the battery pack inside the the seat post.
The integration of the pack in the seat post is beautiful, but it limits the places where you can put the charge port. They decided to go with the top the seat post, which means that you have to manage to fit the connector between the post and the bike seat.
Signage outside the Cleveland-Cliffs Inc. Cleveland Works steel mill in Cleveland, Ohio, US, on Wednesday, Aug. 17, 2022.
Luke Sharrett | Bloomberg | Getty Images
Cleveland-Cliffs is looking into building a rare earths mining business, CEO Lourenco Goncalves told investors Monday.
The steelmaker has two sites in Michigan and Minnesota where geological surveys have found indications of rare earths, Goncalves said in a statement on Cleveland-Cliffs’ third-quarter earnings.
Shares of Cleveland-Cliffs were trading about 17% higher.
“If successful, it would align Cleveland-Cliffs with the broader national strategy for critical material independence, similar to what we achieved in steel,” the CEO said “American manufacturing shouldn’t rely on China or any foreign nation for essential minerals, and Cliffs intends to be part of the solution.”
Rare earths are used to manufacture magnets that are key inputs in U.S. weapons platforms, electric vehicles, semiconductor fabrication, robotics and other applications.
China dominates the global rare earth supply chain and the U.S. is dependent on Beijing for imports. Beijing imposed strict export controls on rare earths earlier this month, provoking President Donald Trump to threaten 100% tariffs in retaliation.
The U.S. has only one commercial rare earth mine. The Defense Department struck a deal in July with the mine’s owner, MP Materials, that included an equity stake, a price floor and an offtake agreement.
Investors have been speculating that the Trump administration will strike similar deals with other U.S. companies that are trying to stand up domestic rare earths mines and processing facilities.
This is a developing story. Please check back for updates.
Lucid Motors (LCID) is recruiting more high-profile stars to spotlight its new luxury electric SUV, the Gravity.
The luxury EV maker is teaming up with some of the NBA’s biggest stars, Jalen Brunsen and Josh Hart, in its latest collaboration.
Lucid enlisted Jalen and Josh, teammates on the New York Knicks, for a new market campaign designed to celebrate “those who refuse to settle for the status quo.”
Keep a lookout this Wednesday, October 22, during the New York Knicks home opener against the Cleveland Cavaliers to see Jalen and Josh hype the Lucid Gravity electric SUV.
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Lucid, Hart, and Brunson plan to showcase “how precise performance, cultural influence, and athletic excellence come together — on the court, on the road, and in the moments that move individuals.” The partnership is the latest as Lucid builds a roster of high-profile celebrities and athletes to promote the brand.
NBA superstars Jalen Brunson and Josh Hart alongside the Lucid Gravity (Source: Lucid Motors)
“To be one of the best, you have to be willing to do whatever it takes,” Brunson said, adding “It’s a commitment to improving every day, and never accepting that you can’t reach that next level. I see that same passion for excellence in Lucid.”
Lucid said the collaboration “underscores the brand’s mission to compromise nothing” as it builds a roster of high-profile celebs and athletes to promote the new Gravity electric SUV.
Lucid also attended NFL star Travis Kelce’s, Kelce Car Jam last month. For every test drive, Lucid donated $87 to Kelce’s Eighty-Seven and Running Foundation. Kelce founded Eighty-Seven & Running in 2015 to mentor disadvantaged youth, help develop their skills, and motivate them to get out and do their best.
As it ramps up output, the EV maker has been actively promoting the Gravity. Last week, Lucid trolled Tesla on social media in a video asking Elon Musk’s Grok, “What’s the best luxury EV?”
Grok’s answer: The 2025 Lucid Air. Do you agree? ChatGPT and CoPilot said the same.
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Elon Musk has openly threatened to leave Tesla, or at least his role as CEO, if he doesn’t get his ridiculous compensation.
He is now saying the quiet part out loud.
Tesla shareholders are about to vote on a new, controversial compensation package for Elon Musk.
While many are focused on the ridiculous size of the stock options, which could be worth up to $1 trillion, many analysts have highlighted other problems with the package.
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A Reuters report last week noted that, with business as usual and a market capitalization growth below the S&P average, Musk could still receive one or even two tranches of his compensation package, worth between $20 billion and $40 billion.
In short, under the rules of the package, Musk could receive the biggest payday in history for returning below average returns.
That’s on top of the CEO already having received more compensation from Tesla than the company has earned in profits since its existence.
One commentator on X pointed out the concern about the first tranche of the compensation plan. Instead of addressing the genuine concern, Musk responded by boasting about Tesla’s market capitalization and suggesting that he won’t be Tesla’s CEO if he doesn’t get the pay:
Tesla is worth more than all other automotive companies combined. Which of those CEOs would you like to run Tesla? It won’t be me.
The CEO then shared posts encouraging Tesla shareholders to vote for the shareholders meeting, which is happening on November 6th.
Electrek’s Take
There are many issues with this comment. First off, it completely ignores a real problem with the comp package. Even if you believe that Musk would deserve $1 trillion in compensation for bringing Tesla’s valuation to $20 trillion, the package shouldn’t allow for Musk to make tens of billions from below average return.
It looks like the package is being used as a trojan horse to dazzle shareholders with the promise of unlikely crazy returns when the more likely outcome is to give Musk what would still be a record compensation for Tesla delivering a below average return on investment.
The fact that Musk doesn’t want to address this clear issue is a red flag.
Furthermore, Musk is using a dirty card: you play by my rules or I’m gone.
This is what I previously called the ‘Tesla Dilemma’: Elon Musk is destroying Tesla’s profitable car business, but at the current valuation, his lies about self-driving and robots is what is keeping the stock alive.
Therefore, Tesla shareholders are disincentivized to vote against Musk if he threatens to leave because he would leave with his stock pumping lies – leading in the stock crashing.
He has a complete hold on Tesla and he is going to force shareholders to give him another ridiculous stock compensation package.
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