Tesla Inc has announced a significant update on the long-awaited Tesla Semi, sparking interest in the market. The company’s stock is currently trading in a tight range, leaving investors wondering about its future direction.
Key Points
- Tesla stock is trading in a tight range, with its shares going in an uncertain direction.
- The first Tesla Semi has rolled off the high-volume production line, marking a major milestone for the company.
- Tesla built a dedicated Semi factory near Reno, Nevada, where volume production of the Semi kicked off in March.
- The company is reportedly developing a standard range model for $260,000 and a long range model with a starting price of $290,000.
- Tesla is targeting production of 50,000 Semis per year, with deliveries slated to start this year.
Tesla High-Volume Semi Production Begins
In a recent social media post, Tesla announced that its first Tesla Semi has rolled off the high-volume production line. The post featured an image of Tesla workers inside the company’s Semi production facility, highlighting the significance of this milestone. The Semi was first unveiled in 2017, and its production is expected to have a major impact on the electric vehicle market.
TSLA Shares Stall After Hours
After the announcement, Tesla shares were down 0.13% in after-hours trading, at $372.30. The company’s stock has been volatile in recent times, and investors are closely watching its performance.
Conclusion
The start of high-volume production of the Tesla Semi is a significant milestone for the company, and it will be interesting to see how the market responds to this development. With its focus on electric vehicles and sustainable energy, Tesla is poised to play a major role in the transition to a more environmentally friendly transportation system.
Additional Reading
For more information on Tesla’s stock performance and its potential impact on the market, readers can explore other articles on the topic.