Tesla unveils electric tractor-trailer

19 November, 2017, 03:13 | Author: Salvatore Jensen
  • The Tesla Semi

Walmart has revealed that it will be reserving and ordering 15 of the new Tesla semi trucks - with 5 slated for use in the USA and 10 in Canada.

The truck will have Tesla's Autopilot system, which can maintain a set speed and slow down automatically in traffic.

Tesla Inc. unveiled its new electric "Semi" tractor-trailer Thursday night near its design center in Hawthorne, Calif.

As a reminder here, reservation deposits for the Tesla semi trucks total $5,000 a piece. Trucks account for almost a quarter of transportation-related greenhouse gas emissions in the US, according to government statistics.

But the semi also piles on more chaos at the Palo Alto, California-based company. The company didn't say how many it ordered. Arrow Financial Corp now owns 9,338 shares of the electric vehicle producer's stock valued at $3,186,000 after buying an additional 1,127 shares in the last quarter.

Musk, too, is being pulled in many directions.

"We are excited to be among the first to pilot this new heavy-duty electric vehicle", the company said in a statement to CNBC. Tesla Motors previously produced the 2008 Roadster, as their first sports auto.

Jaffetilchin Investment Partners LLC lifted its holdings in shares of Tesla Inc. Musk has said it should take about two years for the semi to go on sale. CIBC World Markets Inc. lifted its position in Tesla by 74.2% in the second quarter.

Interior_Tesla_Lorry
Interior of the Tesla Semi. It has Enhanced Autopilot to help avoid collisions

Joseph Spak of RBC Capital Markets said he was impressed by the truck, saying its specifications "exceeded expectations".

But most of that growth is expected to be for smaller, medium-duty haulers like garbage trucks or delivery vans. They can also be charged overnight. "As such, expect the topic of the electrification of (cargo trucks) and Tesla's disruption of that segment to step up". Right now, there's little charging infrastructure on global highways.

While the order of 15 trucks from Walmart is notable, it clearly just amounts to the firm putting its foot in the water, so to speak, as the company's United States truck fleet is now comprised of around 6,000 units.

Musk said Tesla plans a worldwide network of solar-powered "megachargers" that could get the trucks back up to 400 miles of range after charging for only 30 minutes.

As non-renewable energy sources as getting more costly, it's time to replace petrol/diesel vehicle with electric vehicles.

Tesla has not given out details on how much the trucks will cost or where they will be built. It faces stiff competition from long-trusted brands like Daimler AG, which unveiled its own semi prototype last month.

Some analysts fear the trucks will be an expensive distraction for the company, which has never posted an annual profit and is in self-described "manufacturing hell" related to the $35,000 Model 3 sedan.




Recommended:



Popular

Your first look at the Fantastic Beasts sequel is here
But when Grindelwald stole the Elder Wand from Gregorovitch the wandmaker, the power went to his head and he got all evil. But there's a new twist, Leta is engaged to Newt's older brother Theseus Scamander (played by Callum Turner ).

Trump blasts Franken, but stays silent on Moore
In his tweets , Trump focused on the photographic evidence against Franken, suggesting that perhaps worse photos exist. Plus with Al Franken , we're talking about one incident.

James Franco set for X-Men spin-off movie Multiple Man
Here, the character Multiple Man was portrayed by Grey's Anatomy star Eric Dane , but was nothing more than a beefy bodyguard. The suit malfunctions, causing Multiple Man to go insane .

Ethiopian Airlines Orders Four Boeing 777 Freighters
Leahy said: " Indigo Partners have been a tremendous customer and supporter of the Airbus single-aisle fleet for many years". Airlines under Indigo Partners previously placed orders for 427 A320 family aircraft.

Students Exploring Class Action Lawsuit Against Striking Colleges
The colleges proposed that students return to classes immediately and all outstanding issues be sent to arbitration. We don't know what will happen, and for anyone to say they know what will happen would be really presumptuous.

OnePlus officially unveils the OnePlus 5T smartphone
The OnePlus 5T is likely to have priority in the lineup, being that it's the latest (and greatest) flagship killer on the market. Talking about the new device, Agarwal said, "The OnePlus 5T has a larger screen to body ratio and better camera specifications".

Tampa neighborhood 'held hostage' as fourth victim murdered
The brief bit of new surveillance video released Tuesday shows a person walking, but the surrounding area is shaded out. A city employee found her body two days afterward in a vacant parking lot half a mile from where Mitchell died.

Two Major 'Suits' Stars Not Returning for Season 8
His and Meghan's contracts are up at the end of season seven, the current series, and he's believed to want to take some time off. The USA network and a spokesperson for the actor both declined to comment.

Jones' injury opens door for Packers' Williams
But if they can win a few of those games, and Aaron Rodgers is eventually cleared to play, it could be enough. Packers rookie third-string running back Jamaal Williams took over from there with 67 yards on 20 carries.

United Nations dismisses the Saudi demand to re-open the Yemen Port
The coalition has forced the closure of Sanaa airport for more than a year now, but permitted United Nations aid-suppling planes. However, Mr McGoldrick said there was "no indication" yet of the blockade being lifted.