Tesla Begins Semi Production at Sparks, Long-Range Priced at $290K
TSLA sits 27% above its 52-week low of $297.38.
Summary
Tesla has started high-volume production and initial deliveries of its electric Semi at the new Sparks, Nevada plant, with annual capacity up to 50,000 units. The Long Range trim is priced at $290,000 with 500 miles of range. UBS estimates Q3 deliveries of ~470,000 vehicles, down 5% year-over-year and about 1% below Q2. ZET SCALE has selected Tesla as primary OEM for an initial order of 2,500 Semi trucks, with plans for over 10,000 electric trucks from multiple providers. This marks a significant step in Tesla's commercial vehicle ramp and could contribute to revenue diversification beyond passenger EVs.
At the time of this announcement, TSLA was trading at $378.27 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $1.5T. The 52-week trading range was $297.38 to $498.83. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.