Tesla Inc has provided a significant update on the long-awaited Tesla Semi. The company’s stock has been trending after the market close on Wednesday following this announcement.
Key Points
- Tesla stock is currently trading in a tight range.
- The first Tesla Semi has rolled off the high-volume production line, marking a significant milestone for the company.
Tesla High-Volume Semi Production Begins
In a recent social post, Tesla announced that its first Tesla Semi has entered high-volume production. The post featured an image of Tesla workers inside the company’s Semi production facility, located near Reno, Nevada. Volume production of the Semi kicked off in March, with the company targeting production of 50,000 Semis per year.
Tesla Semi Models and Pricing
The company is reportedly developing two models:
- A standard range model, priced at $260,000
- A long range model, with a starting price of $290,000
Deliveries are slated to start this year, according to the company’s website.
TSLA Shares Stall After Hours
Stock Performance
Tesla shares were down 0.13% in after-hours trading, with a price of $372.30 at the time of publication.
Conclusion
The start of high-volume production for the Tesla Semi marks a significant milestone for the company. With deliveries expected to start this year, investors will be closely watching the company’s progress. As the electric vehicle market continues to grow, Tesla’s Semi truck is poised to play a major role in the company’s future success.