JPMorgan Adjusts Price Target on Tesla to $415 From $445, Keeps Neutral Rating

Tesla has begun high-volume production of its Semi electric truck, with deliveries starting soon. The long-range version offers 500 miles of range, while the standard version has 325 miles. Pricing is estimated at around $290,000. Tesla has secured orders for 2,500 trucks from companies like Microsoft and PepsiCo, according to the company.

Tesla's Semi electric truck has begun mass production after nearly a decade of delays, with deliveries starting this week. Key customers include PepsiCo, DHL, and US Foods. The vehicle boasts a 500-mile range under full load and 600 miles under lighter loads, with 15% lower energy consumption than initially targeted. Tesla's stock closed down 1.54% on Friday.

Tesla (TSLA) began delivering its Semi electric truck, expanding into commercial freight. The truck has a 500-mile range and targets a 50,000-unit annual production. Tesla aims to diversify revenue, with orders from PepsiCo and DHL. Q2 2026 revenue was $100 billion, with $4.7 billion in operating cash flow. Challenges include capital intensity and execution risks, with Q2 free cash flow at -$1.1 billion.

Tesla plans to unveil its second-generation Roadster, with features like sub-two-second acceleration and 620-mile battery life. The company also started high-volume production of its electric semi-truck. Tesla shares are down 17% in 2026, with vehicle sales declining in China and the US. Morningstar analysts expect growth in Tesla's energy and services segments, with energy revenue projected to grow 30% annually from 2027 to 2031.

Tesla announced it will start delivering its electric semi-truck in September 2026, aiming to produce 50,000 units annually. The company secured an order for 2,500 trucks from the ZET SCALE alliance, including Microsoft and PepsiCo. Tesla plans to deploy these trucks in major freight hubs. The Semi will have two range options: 350 miles (Standard Range) and 500 miles (Long Range).

Tesla began high-volume production of its Semi truck in Nevada, delivered the first units, and announced upgrades. The company also secured a record 2,500-unit Semi order. Tesla teased the next-gen Roadster and expanded Superchargers in northern B.C. FSD v14.2 Lite rolled out to HW3 vehicles, and FSD was approved in Czechia. Grok Bot was added to Tesla vehicles for voice-controlled tasks.