Elon Musk Pushes Tesla Semi Into Its Biggest Phase Yet
Source: GuruFocus.com ·
A years-delayed Tesla program is finally moving toward scale
From the source
This article first appeared on GuruFocus . Tesla ( NASDAQ:TSLA ) has officially started high-volume production of its long-delayed Semi truck at a new Nevada factory, marking an important step in the company's push beyond passenger vehicles and into commercial trucking. CEO Elon Musk said production is underway at Tesla's dedicated Semi facility in Sparks, Nevada, which was inaugurated on September 24. The plant is ultimately expected to produce as many as 50,000 trucks annually, although Tesla has not disclosed its current production rate. Warning! GuruFocus has detected 6 Warning Signs with TSLA. Is TSLA fairly valued? Test your thesis with our free DCF calculator. The launch has been years in the making. Tesla first unveiled the Semi in 2017 and began limited deliveries in 2022, but plans for a broader ramp were repeatedly delayed. The long-range version is rated for up to 500 miles on a full charge while carrying a full load, while the standard-range version offers 325 miles.…