Tesla starts high-volume production of Semi truck at Nevada factory

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 has begun delivering its all-electric Semi trucks to customers after nearly a decade of delays. The event in Reno, Nevada, highlighted the truck's features, including a 500-mile range and cost savings for fleet owners. Tesla plans to produce up to 50,000 trucks annually, with the most expensive variant priced near $300,000 before incentives. The company addressed design changes and improvements made based on customer feedback and technical challenges.

Tesla's proposed auto insurance program in New York was rejected by regulators due to restrictions on tie-in arrangements and limiting coverage to Tesla vehicles only. The program relied on Tesla's telematics data, which regulators found non-compliant with state laws. Tesla's insurance business has grown rapidly, with $644.2 million in direct written premiums in the first half of 2026, but faces regulatory hurdles in New York.

Tesla has begun high-volume production of its Semi truck, with two variants offering 325 and 500 miles of range. The company claims 98% uptime for its pilot fleet and highlights efficiency improvements, such as a 25% better target for watt-hours per mile. Tesla aims to compete in a market where electric trucks account for less than 1% of new Class 6-8 truck sales, with production capacity sized for over a fifth of the 2026 U.S. market.

Tesla (TSLA) has opened its Nevada factory for the production of semi trucks, according to Yahoo Finance's Senior Autos Reporter Pras Subramanian. The move marks the official start of Tesla's investment in electric semi-truck manufacturing.