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Tesla Semi will power US-based mobile television provider MTVG
American mobile unit provider Mobile TV Group has placed orders for two Tesla Semis, joining the growing list of local and foreign firms that have committed to CEO Elon Musk’s vision of an emissions-free trucking industry. A pair of Tesla Semis will join MTVG’s fleet of long-haulers, which are equipped with ultra-high definition broadcasting technology and deployed across the country to provide live event coverage.
Mobile TV Group director of business development Nick Garvin noted that the company’s decision to place orders for the Tesla Semi was an easy decision for the firm. The MTVG executive noted that the electric trucks would serve as yet another step for the company in its ongoing initiatives to embrace a greener system, which Garvin believes is pivotal in strengthening the firm’s relationship with its clients.
“It was a pretty easy decision. We think that it makes sense as part of our own green initiative, and our clients are always interested in being greener. We feel like this is a very important step in the right direction for our future and the future of our clients,” Garvin said.
Similar to other global firms that have recently committed to the purchase of Tesla’s Semi, such as Middle Eastern environmental and waste management firm Bee’ah, Mobile TV Group has been involved in green initiatives long before it placed its orders for the quad electric motor truck. So far, MTVG has rolled out several environment-friendly initiatives, such as the use of ultra-compressed recycled paper for walls and framing — materials which it uses in its operations.
Apart from being in line with the company’s efforts to go green, the MTVG executive also noted that the Tesla Semi was simply a practical choice for the company’s needs. According to Garmin, Tesla Semi’s range of 500 miles per charge is a non-issue, since a lot of MTVG’s business is focused on providing coverage solutions for Regional Sports Networks. With this in mind, the Semi’s range per charge would be more than adequate.
Perhaps the most practical reason behind Mobile TV Group’s decision to reserve two units of the Tesla Semi, however, is the electric vehicles’ reliability and low maintenance cost. The Semi, after all, has far fewer components compared to a traditional diesel truck. According to the MTVG executive, the Tesla Semi’s reliability is actually one of its most significant selling points, as businesses like Mobile TV Group consider incidents like engine breakdowns as down as one of its biggest headaches.
“A fundamental advantage of the Tesla is, there are significantly less parts compared to a combustion engine, which just means less things can go wrong. It just means less points of failure, so it’s less likely for something to break down, which is obviously one of our biggest nightmares,” Garvin said.
The Tesla Semi is a Class 8 long-hauler, capable of towing up to 80,000 pounds of cargo. Built with four electric motors derived from the Model 3, the truck is capable of hitting highways speeds in 20 seconds, far quicker than any diesel semi-trailer deployed on the road today.
First deliveries for the Tesla Semi are expected to take place in 2019.
Tesla stock (NASDAQ: TSLA) closed at an all-time high on Tuesday, jumping over 3 percent during the day and finishing at $489.88.
The price beats the previous record close, which was $479.86.
Shares have had a crazy year, dipping more than 40 percent from the start of the year. The stock then started to recover once again around late April, when its price started to climb back up from the low $200 level.
This week, Tesla started to climb toward its highest levels ever, as it was revealed on Sunday that the company was testing driverless Robotaxis in Austin. The spike in value pushed the company’s valuation to $1.63 trillion.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
It is the seventh-most valuable company on the market currently, trailing Nvidia, Apple, Alphabet (Google), Microsoft, Amazon, and Meta.
Shares closed up $14.57 today, up over 3 percent.
The stock has gone through a lot this year, as previously mentioned. Shares tumbled in Q1 due to CEO Elon Musk’s involvement with the Department of Government Efficiency (DOGE), which pulled his attention away from his companies and left a major overhang on their valuations.
However, things started to rebound halfway through the year, and as the government started to phase out the $7,500 tax credit, demand spiked as consumers tried to take advantage of it.
Q3 deliveries were the highest in company history, and Tesla responded to the loss of the tax credit with the launch of the Model 3 and Model Y Standard.
Additionally, analysts have announced high expectations this week for the company on Wall Street as Robotaxi continues to be the focus. With autonomy within Tesla’s sights, things are moving in the direction of Robotaxi being a major catalyst for growth on the Street in the coming year.
Elon Musk
Tesla needs to come through on this one Robotaxi metric, analyst says
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Tesla needs to come through on this one Robotaxi metric, Mark Delaney of Goldman Sachs says.
Tesla is in the process of rolling out its Robotaxi platform to areas outside of Austin and the California Bay Area. It has plans to launch in five additional cities, including Houston, Dallas, Miami, Las Vegas, and Phoenix.
However, the company’s expansion is not what the focus needs to be, according to Delaney. It’s the speed of deployment.
The analyst said:
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Profitability will come as the Robotaxi fleet expands. Making that money will be dependent on when Tesla can initiate rides in more areas, giving more customers access to the program.
There are some additional things that the company needs to make happen ahead of the major Robotaxi expansion, one of those things is launching driverless rides in Austin, the first city in which it launched the program.
This week, Tesla started testing driverless Robotaxi rides in Austin, as two different Model Y units were spotted with no occupants, a huge step in the company’s plans for the ride-sharing platform.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
CEO Elon Musk has been hoping to remove Safety Monitors from Robotaxis in Austin for several months, first mentioning the plan to have them out by the end of 2025 in September. He confirmed on Sunday that Tesla had officially removed vehicle occupants and started testing truly unsupervised rides.
Although Safety Monitors in Austin have been sitting in the passenger’s seat, they have still had the ability to override things in case of an emergency. After all, the ultimate goal was safety and avoiding any accidents or injuries.
Goldman Sachs reiterated its ‘Neutral’ rating and its $400 price target. Delaney said, “Tesla is making progress with its autonomous technology,” and recent developments make it evident that this is true.
Investor's Corner
Tesla gets bold Robotaxi prediction from Wall Street firm
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Tesla (NASDAQ: TSLA) received a bold Robotaxi prediction from Morgan Stanley, which anticipates a dramatic increase in the size of the company’s autonomous ride-hailing suite in the coming years.
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Percoco dug into the Robotaxi fleet and its expansion in the coming years in his latest note, released on Tuesday. The firm expects Tesla to increase the Robotaxi fleet size to 1,000 vehicles in 2026. However, that’s small-scale compared to what they expect from Tesla in a decade.
Tesla expands Robotaxi app access once again, this time on a global scale
By 2035, Morgan Stanley believes there will be one million Robotaxis on the road across multiple cities, a major jump and a considerable fleet size. We assume this means the fleet of vehicles Tesla will operate internally, and not including passenger-owned vehicles that could be added through software updates.
He also listed three specific catalysts that investors should pay attention to, as these will represent the company being on track to achieve its Robotaxi dreams:
- Opening Robotaxi to the public without a Safety Monitor. Timing is unclear, but it appears that Tesla is getting closer by the day.
- Improvement in safety metrics without the Safety Monitor. Tesla’s ability to improve its safety metrics as it scales miles driven without the Safety Monitor is imperative as it looks to scale in new states and cities in 2026.
- Cybercab start of production, targeted for April 2026. Tesla’s Cybercab is a purpose-built vehicle (no steering wheel or pedals, only two seats) that is expected to be produced through its state-of-the-art unboxed manufacturing process, offering further cost reductions and thus accelerating adoption over time.
Robotaxi stands to be one of Tesla’s most significant revenue contributors, especially as the company plans to continue expanding its ride-hailing service across the world in the coming years.
Its current deployment strategy is controlled and conservative to avoid any drastic and potentially program-ruining incidents.
So far, the program, which is active in Austin and the California Bay Area, has been widely successful.
Tesla stock closes at all-time high on heels of Robotaxi progress
Tesla needs to come through on this one Robotaxi metric, analyst says
