Tesla Semi-Truck Launch Is Coming: What We Know

Elon Musk

The semi will be the first of these vehicles to arrive and we imagine its electric motors and battery pack will be shared with the other large-scale Tesla commercial vehicles. $715,712 worth of Tesla Inc (NASDAQ:TSLA) shares were sold by Musk Kimbal.

Driven by a variety of factors, once-reluctant mainstream automakers are suddenly shifting gears. That would be impressive if true, considering that even most powerful electric sedans perform in the middle of that range. Musk was previously planning to show off prototypes of the vehicle in September.

The transformation of the broader industry comes just as one of Tesla's key, long-time executives has tendered his resignation.

Musk seems to be happy with the way the truck turned out as well. Berenberg Bank raised Tesla from a "hold" rating to a "buy" rating and increased their target price for the stock from $193.00 to $464.00 in a research report on Tuesday, June 13th.

Exactly why O'Connell, vice president of business development, left now wasn't revealed, a statement from Tesla falling back on the classic explanation that "he felt the time was right to move on and spend more time with his family".

While many truck-using companies are highly interested to see Tesla's truck, they might have to prepare for the possibility of waiting.


Reuters reported last month that Tesla planned to have the semis have a driving range of 200 to 300 miles.

Elon Musk, CEO of Tesla, will reveal the Model 3 electric auto on October 26 in Hawthorne, California. Though the launch of the Semi and a pickup truck has met with some skepticism it demonstrates that Tesla is moving aggressively to meet the demands for the future of trucking.

Toyota also started testing a Class 8 truck powered by hydrogen fuel cells and that was pulling cargo around the Port of Los Angeles.

This latter half of 2017 is a great moment for Tesla as it will be starting with Model 3 production.

The CEO had first made the announcement about the semi truck via micro-blogging site Twitter in April. The business's revenue for the quarter was up 119.6% compared to the same quarter previous year. And switching from diesel to electric power could have a big positive environmental impact: More than 6 percent of carbon emissions in the USA come from trucks, according to statistics from the Environmental Protection Agency.

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