News
Ford details new E-Transit van: under $45,000, but only 126 miles of range
Ford has unveiled its E-Transit Van on the heels of announcing a $100 million investment into its Kansas City Assembly Plant for electric vehicle manufacturing. The all-electric version of the world’s best-selling cargo van will start under $45,000 and will pack 266 horsepower with 317 lb.-ft. of torque, but if long-range ratings are needed, other options may be more suitable. The E-Transit van will pack just 126 miles of range per charge in its low-roof cargo van variant.
However, the E-Transit van does have its fair share of technological advantages that will help businesses manage their fleet of all-electric vans thanks to a series of Pro Power Onboard options. Utilizing SYNC® 4, owners will have the ability to manage charging transactions, telematics services, and more. The addition of a mobile generator with up to 2.4 kilowatts of available power will assist construction workers in recharging things like saws and drills.
Thanks to 30 million miles of telematics data delivered by customers, Ford felt its range for the E-Transit van was sufficient. While other variants of the commercial vehicle may pack more range than the low-roof configuration, there are no estimates from the automaker as of right now.
Ford reveals the 2022 E-Transit – an all-electric version of the world’s best-selling cargo van – featuring next-level connected vehicle technology with Built Ford Tough capability and electric vehicle-certified dealer support, all for a price starting under $45,000
Nevertheless, the automaker’s CEO, Jim Farley, believes that Ford’s advantage lies in its reputation for delivering the most popular commercial trucks and vans in large markets.
“Ford is North America and Europe’s commercial truck and van leader, so the transition of fleet vehicles to zero emissions, especially for the fast-growing last-mile delivery segment, is critical to achieve our carbon neutrality goal by 2050,” Farley said. “Ford is ready to lead the charge, starting with the all-electric Transit and all-electric F-150 on the way. This is good for the planet and a huge advantage for customers to help lower their operating costs and provide connected fleet management technologies that will help their businesses.”
Like the original Transit Van, the E-Transit will feature the same cargo dimensions and interior mounting points, allowing for the easy installation and integration of racks, bins, and other accessories.
Ford reveals the 2022 E-Transit – an all-electric version of the world’s best-selling cargo van – featuring next-level connected vehicle technology with Built Ford Tough capability and electric vehicle-certified dealer support, all for a price starting under $45,000
In terms of charging, the E-Transit will have AC and DC fast charging and will come standard with a Ford Mobile Charger. The Mobile Charger can plug into both a 120-volt outlet and a 240-volt, giving owners charging versatility and wider availability.
Ford also details charging speeds in its press release:
“On a 115-plus-kilowatt DC fast charger, E-Transit cargo van low-roof models can achieve approximately 30 miles of range in 10 minutes and approximately 45 miles of range in 15 minutes6. When plugged into a 240-volt outlet, E-Transit cargo van low-roof models achieve approximately 10 miles per charging hour using the Ford Mobile Charger. Employing a Ford Connected Charge Station brings the number up to approximately 15 miles per charging hour.”
Perhaps the biggest advantage of buying the E-Transit as opposed to the gas-powered version of the car is the less frequent maintenance schedule, which Ford highlighted in a press release:
“E-Transit will not only help companies operate with the benefits of electrification, it offers clear business advantages. Scheduled maintenance costs for the all-electric Transit are estimated to be 40 percent less than the average scheduled maintenance costs for a gas-powered 2020 Transit over eight years/100,000 miles3. And with lower maintenance requirements and the opportunity to avoid fill-ups, companies can improve customer uptime and productivity.”
Ford plans to begin deliveries of the E-Transit van by the end of 2021.
Elon Musk
SpaceX issues statement on Starship V3 Booster 18 anomaly
The incident unfolded during gas-system pressure testing at the company’s Massey facility in Starbase, Texas.
SpaceX has issued an initial statement about Starship Booster 18’s anomaly early Friday. The incident unfolded during gas-system pressure testing at the company’s Massey facility in Starbase, Texas.
SpaceX’s initial comment
As per SpaceX in a post on its official account on social media platform X, Booster 18 was undergoing gas system pressure tests when the anomaly happened. Despite the nature of the incident, the company emphasized that no propellant was loaded, no engines were installed, and personnel were kept at a safe distance from the booster, resulting in zero injuries.
“Booster 18 suffered an anomaly during gas system pressure testing that we were conducting in advance of structural proof testing. No propellant was on the vehicle, and engines were not yet installed. The teams need time to investigate before we are confident of the cause. No one was injured as we maintain a safe distance for personnel during this type of testing. The site remains clear and we are working plans to safely reenter the site,” SpaceX wrote in its post on X.
Incident and aftermath
Livestream footage from LabPadre showed Booster 18’s lower half crumpling around the liquid oxygen tank area at approximately 4:04 a.m. CT. Subsequent images posted by on-site observers revealed extensive deformation across the booster’s lower structure. Needless to say, spaceflight observers have noted that Booster 18 would likely be a complete loss due to its anomaly.
Booster 18 had rolled out only a day earlier and was one of the first vehicles in the Starship V3 program. The V3 series incorporates structural reinforcements and reliability upgrades intended to prepare Starship for rapid-reuse testing and eventual tower-catch operations. Elon Musk has been optimistic about Starship V3, previously noting on X that the spacecraft might be able to complete initial missions to Mars.
Investor's Corner
Tesla analyst maintains $500 PT, says FSD drives better than humans now
The team also met with Tesla leaders for more than an hour to discuss autonomy, chip development, and upcoming deployment plans.
Tesla (NASDAQ:TSLA) received fresh support from Piper Sandler this week after analysts toured the Fremont Factory and tested the company’s latest Full Self-Driving software. The firm reaffirmed its $500 price target, stating that FSD V14 delivered a notably smooth robotaxi demonstration and may already perform at levels comparable to, if not better than, average human drivers.
The team also met with Tesla leaders for more than an hour to discuss autonomy, chip development, and upcoming deployment plans.
Analysts highlight autonomy progress
During more than 75 minutes of focused discussions, analysts reportedly focused on FSD v14’s updates. Piper Sandler’s team pointed to meaningful strides in perception, object handling, and overall ride smoothness during the robotaxi demo.
The visit also included discussions on updates to Tesla’s in-house chip initiatives, its Optimus program, and the growth of the company’s battery storage business. Analysts noted that Tesla continues refining cost structures and capital expenditure expectations, which are key elements in future margin recovery, as noted in a Yahoo Finance report.
Analyst Alexander Potter noted that “we think FSD is a truly impressive product that is (probably) already better at driving than the average American.” This conclusion was strengthened by what he described as a “flawless robotaxi ride to the hotel.”
Street targets diverge on TSLA
While Piper Sandler stands by its $500 target, it is not the highest estimate on the Street. Wedbush, for one, has a $600 per share price target for TSLA stock.
Other institutions have also weighed in on TSLA stock as of late. HSBC reiterated a Reduce rating with a $131 target, citing a gap between earnings fundamentals and the company’s market value. By contrast, TD Cowen maintained a Buy rating and a $509 target, pointing to strong autonomous driving demonstrations in Austin and the pace of software-driven improvements.
Stifel analysts also lifted their price target for Tesla to $508 per share over the company’s ongoing robotaxi and FSD programs.
Elon Musk
SpaceX Starship Version 3 booster crumples in early testing
Photos of the incident’s aftermath suggest that Booster 18 will likely be retired.
SpaceX’s new Starship first-stage booster, Booster 18, suffered major damage early Friday during its first round of testing in Starbase, Texas, just one day after rolling out of the factory.
Based on videos of the incident, the lower section of the rocket booster appeared to crumple during a pressurization test. Photos of the incident’s aftermath suggest that Booster 18 will likely be retired.
Booster test failure
SpaceX began structural and propellant-system verification tests on Booster 18 Thursday night at the Massey’s Test Site, only a few miles from Starbase’s production facilities, as noted in an Ars Technica report. At 4:04 a.m. CT on Friday, a livestream from LabPadre Space captured the booster’s lower half experiencing a sudden destructive event around its liquid oxygen tank section. Post-incident images, shared on X by @StarshipGazer, showed notable deformation in the booster’s lower structure.
Neither SpaceX nor Elon Musk had commented as of Friday morning, but the vehicle’s condition suggests it is likely a complete loss. This is quite unfortunate, as Booster 18 is already part of the Starship V3 program, which includes design fixes and upgrades intended to improve reliability. While SpaceX maintains a rather rapid Starship production line in Starbase, Booster 18 was generally expected to validate the improvements implemented in the V3 program.
Tight deadlines
SpaceX needs Starship boosters and upper stages to begin demonstrating rapid reuse, tower catches, and early operational Starlink missions over the next two years. More critically, NASA’s Artemis program depends on an on-orbit refueling test in the second half of 2026, a requirement for the vehicle’s expected crewed lunar landing around 2028.
While SpaceX is known for diagnosing failures quickly and returning to testing at unmatched speed, losing the newest-generation booster at the very start of its campaign highlights the immense challenge involved in scaling Starship into a reliable, high-cadence launch system. SpaceX, however, is known for getting things done quickly, so it would not be a surprise if the company manages to figure out what happened to Booster 18 in the near future.
SpaceX issues statement on Starship V3 Booster 18 anomaly
Tesla analyst maintains $500 PT, says FSD drives better than humans now
