Semi truck project releases positive signals, Tesla surges 7%
Tesla provided important updates on its electric Semi truck project on Monday. The project, which has experienced a series of delays since its launch in 2017, is now confirmed to deliver products that meet production specifications to customers by 2026. Tesla also revealed details about the electric truck's range and payload capacity, as well as pilot testing with PepsiCo. In addition, Tesla stated that the Semi truck has a long-range driving range of up to 250 miles and 520 miles, with a payload capacity of up to 82,000 pounds. The release of these new details comes at a time when Tesla is undergoing a series of transformations
According to the Zhitong Finance and Economics APP, Tesla (TSLA.US) provided important updates on its long-awaited electric Semi truck development project on Monday, which has experienced a series of delays since CEO Elon Musk first introduced it in 2017. As a result, Tesla's stock price rose by 6.66% on Tuesday.
The company confirmed that the Tesla Semi will still deliver products that meet production specifications to customers by 2026 as planned, while also providing more details on the electric truck's range and payload capacity.
At the Advanced Clean Transportation (ACT) Expo in Las Vegas, Tesla's Executive Vice President Dan Priestley stated, "We are building a factory in Nevada that will deliver to customers by 2026, with the ultimate goal of increasing annual production capacity to 50,000 vehicles."
Currently, Tesla Semi is undergoing pilot testing with FritoLay, a division of PepsiCo (PEP.US). Priestley mentioned that PepsiCo will receive an additional 50 trucks for the pilot project, with around 35 trucks currently being tested.
During his speech, Priestley mentioned that the long-range Tesla Semi weighs 23,000 pounds and has a range of up to 500 miles. Trucks with standard driving ranges can travel 300 miles with an empty weight of 20,000 pounds.
In actual testing with PepsiCo, the Tesla Semi achieved long-distance ranges of 250 miles and 520 miles, with a payload capacity of up to 82,000 pounds, the maximum allowed by law.
Furthermore, Priestley stated, "(The truck) can travel over 1,000 miles in 24 hours; fast charging can achieve this."
Priestley mentioned that the Semi test fleet has accumulated 3.5 million miles, and Tesla has used the Semi to transport batteries from Nevada to its main factory in Fremont in extreme weather and mountainous areas.
The release of these new details about the Tesla Semi comes at a time when the company is undergoing a series of changes, including a renewed focus on the Robotaxi project, accelerating the development of the low-cost Model 2 car, and downsizing business units, especially the Supercharger department.
Additionally, Tesla shareholders will vote on Musk's compensation plan, which could be worth hundreds of billions of dollars, before the annual meeting on June 13th