Tesla delivers first EV Semi truck; no replace on output or pricing By Investing.com

By Michael Elkins

Electrical car large Tesla (NASDAQ:) delivered the corporate’s first heavy-duty Semi on Thursday to PepsiCo (NASDAQ:) with out providing up to date forecasts for the truck’s pricing, manufacturing plans or how a lot cargo it might haul.

CEO, Elon Musk appeared on stage at an occasion at Tesla’s Nevada plant, his first Tesla reveal since taking on Twitter. He mentioned the battery-powered, long-haul truck would scale back freeway emissions, outperform present diesel fashions on energy and security and spin-off a fast-charging expertise Tesla would use in its upcoming Cybertruck.

“If you happen to’re a trucker and also you need essentially the most badass rig on the highway, that is it,” Musk mentioned, noting that it was 5 years since Tesla had introduced it was growing the all-electric truck.

In 2017, Tesla had mentioned the 300-mile vary model of the Semi would price $150,000, and the 500-mile model $180,000, however Tesla’s passenger electrical car costs have elevated since then.

Robyn Denholm, chair of Tesla, not too long ago mentioned the automaker may produce 100 Semis this yr. Musk has mentioned Tesla would purpose to provide 50,000 of the vehicles in 2024.

PepsiCo, which accomplished its first cargo run with the Tesla truck to ship snacks for these attending the Nevada launch occasion, had ordered 100 vehicles in 2017.

Shares of TSLA and PEP are up 0.56% and 0.22%, respectively in pre-market buying and selling on Friday.