Announcement raises public interest and stock value

Tesla company CEO, Elon Musk, took to Twitter claiming that the company’s upcoming semi-truck is going to be revealed in September at which time other relevant dates for upcoming Tesla’s would be known.

His tweet read, “Tesla Semi truck unveil set for September,” Musk tweeted his announcement on Thursday. He did not give any other details concerning the semi, whether it was going to be well equipped with the self-driving Autopilot mode or the drive train and interior features.

Tesla currently sells two electric vehicles; which include, the Model S sedan and the Model X SUV. The lower cost Model 3 electric car is supposed to be out by the end of 2017. However, Musk said two summers ago that the Palo Alto California-based firm is working a number of vehicles concurrently including the semi, as well as, a minibus. The company’s shares rose almost 3 percent in late trading in response to CEO’s tweet.

Announcement raises public interest and stock value

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The Tesla Semi truck was meant for cargo transport and first teased in Musk’s second ‘master plan’ which was released in 2016. He claimed in the plan, “We believe the Tesla Semi will deliver a substantial reduction in the cost of cargo transport while increasing safety and making it really fun to operate.” Musk had an impromptu Question and Answer session via Twitter last month, much to the delight of Twitter users with updates for the Model 3 and plans for the launch of a compact SUV and a new generation set in a few years.

Musk also claimed that Tesla is going to start taking orders for the solar tiles this month. Tesla’s shares seemed to have appreciated 43 percent thus far this annum, which is about ten times as much as compared to the S&P index. The stock climbed another 9 percent in March as opposed to losses of 1 percent for the benchmark. On the other hand, the firm claimed on Thursday that it is going to release its result for the first quarter after the close on May 3, after a conference call at 5:30 Eastern Time.

When will the Tesla semi truck be available?

The announcement leads the consumers to believe the semi is further along when it comes to the development process and that it may hit production before the pickup. It may make sense as Tesla is quickly pushing for autonomous driving and the potential effect of the technology on the trucking industry.

The driver and the fuel are one of the two most crucial costs per mile when it comes to the freight industry, and Tesla may make some improvements with both an electric and autonomous truck. That being said, Musk claimed truck drivers are a much-needed asset for the next few years, and so the semi may not be fully autonomous in the first generation.

The electric powertrain is going to probably be the main attribute of interest. It would be of interest to see the manner that Tesla is going to approach the creation of what is going to be its most high energy capacity powertrain.

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