Tesla (TSLA) Launching Electric Big-Rig Truck

tesla semi truck

On Thursday, Tesla Inc is to reveal the prototype of an electric big-rig truck that may be able to drive itself. Tesla has been having a hard time trying to launch a reasonable sedan to consumers which is crucial, but the Tesla Semi truck moves the company into a new market.

Chief Executive Elon Musk has defined electric trucks as the company’s next endeavor of moving the market away from fuels. Some analysts are concerned that the truck is a costly disruption for Tesla. The company never has reported annual profits and is in self-described “manufacturing hell” over the production its $35,000 Model 3 sedan.

It had been reported over the summer that Tesla was focused on self-driving technology for the semi. The truck would have a driving range between 200 and 300 miles which is low compared to diesel trucks that have the capability of traveling up to 1,000 miles on one tank of fuel.

Analyst Toni Sacconaghi had estimated that Tesla truck with a range of 300 to 450 miles would only be able to drive half of what the current semi-truck market offers, “It is somewhat unclear why the company needs another major initiative … on its already full plate,” said Sacconaghi.

Musk has delayed the launching of the truck multiple times. This week he stated that the truck would “blow your mind clear out of your skull” when it was presented. “Semi specs are better than anything I’ve seen reported so far. Semi eng/design team work is aces, but other needs are greater right now,” Musk tweeted for the second launch delay in October.

“It can transform into a robot, fight aliens and make one hell of a latte,” he added when posting a picture of a backlit shadowed Semi. Musk has predicted that large-scale production will commence in a few years.


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