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 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.



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