Tesla's Semi truck ignites the market!
$Tesla (TSLA.US)$On Monday, CEO Elon Musk provided important updates on the long-awaited electric semi-truck development project that had been postponed since it was first announced by CEO Elon Musk in 2017. Taking this as good news, Tesla shares rose 6.66% on Tuesday.
The company confirmed that Tesla Semi is scheduled to be delivered to customers according to production specifications by 2026, and also announced details on the cruising range and load capacity of electric trucks.
At the Advanced Clean Transportation (ACT) Expo held in Las Vegas, Tesla CEO Dan Priestley said, “We are building a factory in Nevada and plan to deliver it to customers in 2026, and our ultimate target production capacity is 50,000 units per year.”
Tesla Semi is currently $PepsiCo (PEP.US)$Pilot tests are underway in the Frito-Lay division. PepsiCo plans to introduce 50 more trucks for the pilot project, and Priestley said it is currently testing around 35 trucks.
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