Tesla Inc has made a significant announcement regarding its long-awaited Tesla Semi. The company has provided an update on the production of the electric semi truck, which has been trending after the market close on Wednesday.
Key Points
- Tesla stock is currently trading in a tight range.
- The first Tesla Semi has rolled off the high-volume production line.
- Tesla has 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 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. This marks a significant milestone for the company, which first unveiled the Semi in 2017.
Production and Pricing
The Tesla Semi is expected to be available in two models: a standard range model and a long range model. The standard range model is priced at $260,000, while the long range model has a starting price of $290,000. The company aims to produce 50,000 Semis per year, with deliveries scheduled to start this year.
TSLA Shares Stall After Hours
Tesla shares were down 0.13% in after-hours trading, with a price of $372.30 at the time of publication. Despite the significant update on the Tesla Semi production, the company’s shares have stalled after hours.
Conclusion
The latest update on the Tesla Semi production is a significant development for the company and its investors. With the first Tesla Semi rolling off the high-volume production line, the company is one step closer to achieving its production targets. As the demand for electric vehicles continues to grow, Tesla is well-positioned to capitalize on this trend with its innovative and sustainable solutions.