The Tesla Semi truck is setting the market on fire!
$Tesla (TSLA.US)$On Monday, an important update on the long-awaited electric semi-truck development project that Elon Musk, CEO, first announced in 2017 was provided. In response to this positive news, Tesla stock rose by 6.66% on Tuesday.
The company confirmed that the Tesla Semi is scheduled to be delivered to customers as per the production specifications by 2026, and also announced details about the electric truck's range and payload capacity.
At the Advanced Clean Transportation (ACT) Expo held in Las Vegas, Tesla's CEO, Dan Priestley, stated, "We are currently constructing a factory in Nevada, and plan to deliver to customers by 2026, with a final target production capacity of 0.05 million units per year."
The Tesla Semi is currently $PepsiCo (PEP.US)$Pepsico is currently piloting in the Frito-Lay division. For the pilot project, Pepsico plans to introduce an additional 50 trucks, and Priestley mentioned that they are currently testing about 35 trucks.
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