Tesla Semi enters volume production after years of delays

Tesla opened its first high-volume electric Semi truck factory in Nevada, aiming for 50,000 trucks annually. The plant will create over 3,000 jobs. Tesla was chosen by ZET SCALE for 2,500 trucks, with Einride ordering 500 more. The Semi offers 325-500 miles per charge, and Tesla plans to add Full Self-Driving technology by 2026-2027.

Tesla has begun mass production of its Semi electric truck, nine years after its initial announcement. The Semi offers 325 or 500 miles of range, depending on the model, and features improved battery technology. Tesla claims the truck is cheaper to operate than diesel alternatives, with a 95% uptime rate in 2024. The production model weighs under 23,000 pounds and is priced at $260,000 for the Standard Range and $290,000 for the Long Range.

The EU postponed a vote on Tesla's 'Full Self-Driving (Supervised)' to December at the earliest. The Technical Committee on Motor Vehicles will continue discussions on the Dutch request for EU-wide approval. Tesla had anticipated a vote in October. The approval requires support from 15 EU member states representing 65% of the bloc's population, which may be challenging due to opposition from several countries.

Tesla has started delivering its Semi electric trucks to customers, nearly a decade after the model's initial unveiling. The company plans to produce up to 50,000 trucks annually at its Reno plant, with the longest-range version expected to travel 500 miles on a single charge. Tesla aims to reduce emissions and costs for fleet operators, though charging infrastructure remains a challenge, according to TechCrunch.

Tesla (TSLA) stock has fallen 15.55% in 2026, trading at $368.74. RBC Capital's Tom Narayan reiterated a 'Buy' rating and a $480 price target, citing strong execution and volume. Narayan projects Q3 deliveries of 464,000 vehicles, exceeding consensus. RBC highlights Robotaxi as a key growth opportunity. 25 analysts average a 'Moderate Buy' rating with a $388.85 target, implying 5.11% upside.

Tesla (TSLA) has started high-volume production of its Semi electric truck at a new Nevada factory, targeting 50,000 vehicles annually. Initial customers include PepsiCo, US Foods, and DHL. Elon Musk noted a significant waiting list. Tesla aims to expand production and introduce autonomous driving technology. Recent orders include 2,500 trucks from a coalition including Microsoft and PepsiCo, and 500 from Einride. TSLA shares were down 2% on Friday.