Tesla Inc recently announced the timeline for the production of its electric semi-truck, the Tesla Semi. During the company's first-quarter earnings call, Lars Moravy, Vice President of Vehicle Engineering, shared details of the plans for the Tesla Semi, revealing that the first vehicles are expected to roll out from a new factory by 2026. The engineering for the semi-truck is currently in the final stages to enable high-volume production, drawing upon insights from the company's fleet and pilot fleet experiences, including collaborations with PepsiCo.
Moravy also mentioned that the construction of a factory in Reno has already started, signaling the company's commitment to moving forward with the production of the Tesla Semi. The first "external customers" for the electric semi-truck are projected to receive their vehicles by 2026. The Tesla Semi is known for its advanced safety features, long range, and spacious interior designed for optimal visibility, setting it apart as an innovative entry in the electric vehicle market. Recent advancements have showcased the capabilities of the Tesla Semi, with notable achievements like covering over 1,000 miles in a single day, as reported by PepsiCo in January.
In other updates, Tesla's Senior Manager of Semi truck engineering, Dan Priestley, has expressed support for the Environmental Protection Agency's (EPA) stricter Phase-3 emission standards for heavy-duty vehicles, emphasizing the readiness of the Tesla Semi to replace traditional diesel trucks. Though Tesla reported disappointing Q1 results, the stock experienced a surge following the announcement of plans to accelerate the launch of new models, including the Tesla Semi, which is now slated for production earlier than anticipated. Despite fluctuations in Tesla's stock price, it has seen a year-to-date decline of 41.79%, with the current share price reflecting a 1.80% increase from the previous day's closing price.