Tesla launches its Semi electric truck

Tesla shares fell 1.9% after The Information reported challenges with Optimus robot hand production, threatening Tesla's 1,000-unit weekly target. Meanwhile, Tesla launched Semi truck production with a $250,000-$290,000 price range. Musk highlighted self-driving features for the Semi and teased the next-gen Roadster.

The EU delayed a vote on Tesla's Full Self-Driving system until December, as the October meeting will only continue discussions. The Dutch regulator approved the system earlier and proposed EU-wide approval. Tesla had anticipated an October vote. EU-wide rollout requires support from 15 member states representing 65% of the population.

Tesla has begun initial customer deliveries of its electric Semi truck, with launch partners including PepsiCo, DHL, and US Foods. The company aims to scale production to 50,000 units per year, adding over 3,000 jobs in Nevada. Tesla did not disclose pricing or current assembly figures. ZET SCALE and Einride AB have placed large orders for the Semi, totaling 3,000 trucks.

Tesla opened a Nevada factory for its Semi truck, with Elon Musk noting significant pre-orders. Major shippers like Microsoft and PepsiCo have ordered 2,500 trucks, nearly doubling the current U.S. electric Class 8 fleet. Production began in April, but volume targets remain unclear.

Tesla begins delivering its Semi electric truck to customers, nine years after its initial announcement. The company is expanding its EV lineup beyond passenger vehicles. No specific production timeline was provided.

Tesla (TSLA) opened its first high-volume Semi truck factory in Nevada, aiming to produce 50,000 trucks annually. The plant is expected to create over 3,000 jobs. Recent orders include 2,500 trucks from ZET SCALE and 500 from Einride. Tesla stock is down 14% this year, with a price target of $250 and a current price of $149.