

News
Ford launches the E-Transit in Europe, electrifying business productivity globally
Ford announced it has officially started shipping production units of its all-electric E-Transit van to customers across Europe, aligning with its goals to electrify its business globally.
The Detroit-based Ford, who recently separated its electric and combustion engine businesses into separate divisions, said the E-Transit vans built at its Otosan Factory in Kocaeli, Turkey, are making their way to European customers. Ford started delivering the E-Transit in the United States in February.
Ford says it received over 5,000 customer orders for the E-Transit in Europe alone before production began. The strong demand for the vehicles motivated Ford to reach “full mass production” of the E-Transit on the continent. Under its Ford Pro division, which handles commercial fleet management, the automaker continues to move forward with its transition to electric cars across the world.
- First E-Transit models ready to ship from Ford Otosan’s Gölcük plant in Kocaeli, Turkey to help Ford Pro satisfy strong customer demand to electrify European fleets. LICENSE EXPIRES: In perpetuity. LICENSE BY: Ford Otosan. LICENSE SCOPE: A – Earned editorial, press releases, press kits, C – All non-broadcast digital and online media, plus Retail and POS (showrooms, events etc). REGION: EU. COPYRIGHT AND IMAGE RIGHTS: This content is solely for editorial use and for providing individual users with information. Any storage in databases, or any distribution to third parties within the scope of commercial use, or for commercial use is permitted with written consent from Ford of Europe GmbH only.
- First E-Transit models ready to ship from Ford Otosan’s Gölcük plant in Kocaeli, Turkey to help Ford Pro satisfy strong customer demand to electrify European fleets. LICENSE EXPIRES: In perpetuity. LICENSE BY: Ford Otosan. LICENSE SCOPE: A – Earned editorial, press releases, press kits, C – All non-broadcast digital and online media, plus Retail and POS (showrooms, events etc). REGION: EU. COPYRIGHT AND IMAGE RIGHTS: This content is solely for editorial use and for providing individual users with information. Any storage in databases, or any distribution to third parties within the scope of commercial use, or for commercial use is permitted with written consent from Ford of Europe GmbH only.
“Ford Otosan’s Kocaeli plant is the heart of Transit production in Europe, and this celebration of E-Transit manufacturing starts the electrified next chapter in our already strong partnership,” Ford Pro’s General Manager of Europe, Hans Schep, said. “This is the first step in a transformation of the Kocaeli site, which will see it become a major center for electric commercial vehicle manufacturing in Europe.”
Ford already had a notable base established for the E-Transit, as the gas version of the car is the world’s best-selling cargo van. The electrified version of the van “spearheads the launch of Ford Pro in the region; this new business offers customers a comprehensive suite of software, charging, servicing, and financing solutions fully integrated into a portfolio of world-class gas and electric vehicles to help improve productivity and uptime, lower costs, and facilitate access to everything operators need on one platform built for the electric and digital age,” Ford said.
- First E-Transit models ready to ship from Ford Otosan’s Gölcük plant in Kocaeli, Turkey to help Ford Pro satisfy strong customer demand to electrify European fleets. LICENSE EXPIRES: In perpetuity. LICENSE BY: Ford Otosan. LICENSE SCOPE: A – Earned editorial, press releases, press kits, C – All non-broadcast digital and online media, plus Retail and POS (showrooms, events etc). REGION: EU. COPYRIGHT AND IMAGE RIGHTS: This content is solely for editorial use and for providing individual users with information. Any storage in databases, or any distribution to third parties within the scope of commercial use, or for commercial use is permitted with written consent from Ford of Europe GmbH only.
- First E-Transit models ready to ship from Ford Otosan’s Gölcük plant in Kocaeli, Turkey to help Ford Pro satisfy strong customer demand to electrify European fleets. LICENSE EXPIRES: In perpetuity. LICENSE BY: Ford Otosan. LICENSE SCOPE: A – Earned editorial, press releases, press kits, C – All non-broadcast digital and online media, plus Retail and POS (showrooms, events etc). REGION: EU. COPYRIGHT AND IMAGE RIGHTS: This content is solely for editorial use and for providing individual users with information. Any storage in databases, or any distribution to third parties within the scope of commercial use, or for commercial use is permitted with written consent from Ford of Europe GmbH only.
“Production of E-Transit in our Kocaeli plant, where the electricity is supplied with 100 percent renewable energy, is a source of pride for us and another turning point in our increasing role in Ford’s electrification strategy,” GM of Ford’s Otosan Plant, Güven Özyurt, said. “We believe that electrification of the legendary Transit model is a major development and an important step for making Ford Otosan the production base of Ford electrified commercial vehicles.”
Ford’s Commercial Transition to EVs
Ford’s Otosan Plant is receiving an additional €2 billion investment from the automaker to complement the rise in electrification. Ford plans to use the funds to help the plant supplement a massive hiring operation of 3,000 additional employees, who will help increase vehicle production capacity, including a next-gen Transit Custom model.
Recently announced partnerships with SK On Co., Ltd. and Koç Holding have Ford in a prime position to move all in on its electrified future in Europe. The three companies signed a non-binding Memorandum of Understanding that would bring one of the largest EV battery facilities in the European region. Production is intended to begin by mid-decade, and annual capacity is expected to be between 30 and 45 Gigawatt hours.
Additionally, Ford will launch four additional EV models to the Transit family by 2024.
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News
Tesla is thriving in Japan and outpacing homegrown EVs
Imports, which include vehicles from Tesla and BYD, now claim about 75% of overall EV sales in the country.

Tesla is seeing robust sales in Japan. This was hinted at in data from the Japan Automobile Importers Association’s “others” category, which indicated a 56% yearly increase to 2,120 units in Q1 2025.
Tesla constitutes most of the vehicles in the Japan Automobile Importers Association’s “others” category, as noted in a Nikkei Asia report.
Japan’s Tesla Boom
Car sales by “others” in Japan soared 89% to 1,249 units in March, a monthly high, Nikkei noted. Fueling this surge in vehicle demand seemed to be the rollout of the new Model Y, as well as incentives like a five-year free Supercharging offer for previous-generation Model Y units.
Japan’s overall electric vehicle market, however, shrank 33% to 59,736 units in 2024, comprising under 2% of total auto sales, the lowest among major economies. Imports, which include Tesla and BYD, now claim about 75% of overall EV sales in the country.
Weak Local Competition
One of the reasons behind Tesla’s surge in Japan could be the subpar EVs offered by Japanese automakers. So far, only eight models are available from homegrown automakers, and none could really hold a candle to vehicles like the new Model Y in terms of features and performance.
This was highlighted by the Nissan Leaf, which saw a 32% sales drop to 1,133 units, and the Toyota bZ4X, which saw a 76% drop in sales to just 85 units in the first quarter. Combined, Japanese brands sold a total of 2,063 EVs, less than Tesla’s estimated figures for the quarter.
Yoshiaki Kawano, an analyst at S&P Global, noted that the weak EVs from Japan’s homegrown automakers result in consumers opting for imported vehicles like Teslas. “There are few homegrown EV options, so in some cases people who want to buy EVs reluctantly choose imports,” Kawano stated.
Elon Musk
xAI poised for funding surge as Musk seeks “proper value” for AI startup: report
The report was initially shared by CNBC’s David Faber during a segment on the Faber Report.

During a recent investor call, Elon Musk reportedly hinted at a major valuation adjustment for his artificial intelligence startup, with the Tesla and SpaceX CEO stating that he was looking to put a “proper value” on xAI.
The report was initially shared by CNBC’s David Faber during a segment on the Faber Report.
Investor Call Sparks Speculation
Citing sources who were reportedly involved in the call, Faber noted that while Musk did not specifically state that he was looking to initiate another funding round, his comments about a “proper valuation” for xAI were interpreted by Faber’s sources that xAI may be setting the stage for a notable capital raise in the near future.
“Let me give you some takeaways from the call itself. It was with a number of the companies, the investors in xAI going over a number of important things, that included the closing of the X transaction… Remember, xAI and X are now one company valuing X at $33 billion going in. xAI had a value of as much as $80 billion.
“What I’ve heard is the company is setting up for another capital raise of great significance… But on the call, Musk is quoted as having said, ‘We’re going to put a proper value on the company in reference to xAI,’ and people took that to mean, and again this is speculation, that they will have a large raise,” Faber stated.
xAI’s Growth and Ambitions
Launched in July 2023, xAI introduced its Grok chatbot to challenge Anthropic’s Claude and OpenAI’s ChatGPT. In March, Musk merged xAI with X. “xAI and X’s futures are intertwined,” Musk wrote on X. “Today, we officially take the step to combine the data, models, compute, distribution and talent.”
The merger leverages X’s data to train Grok, boosting xAI’s competitive edge. xAI has also made a lot of headway in the artificial intelligence space, thanks in part to its speed, which allowed it to set up Colossus, a supercomputer cluster comprised of 100,000 GPUs, in just 122 days. Colossus has since been expanded to 200,000 GPUs, and plans are underway to expand the supercomputer even further.
Investor's Corner
Tesla (TSLA) Q1 2025 earnings: What to expect
Tesla stock reached as high as $488.54 per share in 2024, though it is trading at around $240 per share as of writing.

Tesla (NASDAQ:TSLA) is expected to release its first quarter 2025 results after markets close today, April 22, 2025.
At 4:30 p.m. Central Time / 5:30 p.m. Eastern Time, executives such as CEO Elon Musk will also be holding a Company Update and the Q1 2025 earnings call.
Tesla Q1 Deliveries and Production
Tesla missed estimates in the first quarter, with the company delivering a total of 336,681 vehicles worldwide. A total of 362,615 vehicles were also produced during this period.
While the delivery results of Tesla’s electric vehicle business were subpar in Q1 2025, the company’s energy division exhibited strong performance during the quarter, deploying a total of 10.4 GWh worth of energy storage products.
Earnings Estimates
As noted in a Forbes report, expectations are high that Tesla will report a gain of $0.35/share on $21.85 billion in revenue. Whisper numbers, however, reportedly suggest that the electric vehicle maker will only post a gain of $0.31 per share.
Analysts polled by the FactSet, however, expect Tesla to see an EPS of $0.41 per share on revenues of $21.27 billion, as noted in an Investors’ Business Daily report.
Tesla Stock So Far
Tesla stock reached as high as $488.54 per share in 2024, though it is trading at around $240 per share as of writing. Tesla stock has been naturally volatile, however, so it is prone to notable moves depending on its Q1 earnings.
If the numbers are good, Tesla stock could easily gap up, but if they are disappointing, it would not be surprising if TSLA shares gap down.
FSD, New Vehicle Updates
Tesla is expected to launch a dedicated robotaxi service this June in Austin, Texas. The company has also been hinting at more affordable models that will be launched in the first half of 2025. Expectations are high that CEO Elon Musk will share some updates on these projects, particularly the rollout of Tesla’s FSD Unsupervised system.
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