Connect with us

News

Tesla Semi production to ‘earnestly’ begin by 2020

Published

on

When Elon Musk unveiled the Tesla Semi last November, the bold CEO announced that the all-electric truck would likely start production sometime in 2019. While details for Tesla’s ramp for the Semi are still largely unknown, the company has nonetheless provided an update on the upcoming vehicle’s rollout, stating that the company would begin “earnestly” producing the Semi by 2020.

The update on the Semi’s production was shared by Eric Markowitz & Dan Crowley of Worm Capital, one of Tesla’s investors which currently owns about $200 million worth of TSLA stock. The Worm Capital financial analysts were part of a group who were invited to tour Tesla’s Gigafactory 1 in Nevada last month. Markowitz and Crowley wrote about their insights from the Giga 1 tour in a post on the financial firm’s official website. Among these were information related by Tesla head of investor relations Martin Viecha, who dropped some updates about the company’s products and its plans for the near future.

For one, the Tesla head of investor relations reportedly noted that the company is aiming to start exporting the Model 3 to other countries sometime next year. What’s more, Veicha also noted that Tesla is planning on “earnestly” producing the Semi by 2020.

The Tesla Semi at UPS’ Addison Hub. [Credit: IllinoisUPSers/Twitter]

The update on the Semi’s production appears to suggest that Tesla is, for the most part, keeping its original target for the long-hauler’s initial rollout. Musk’s 2019 estimate for the start of the Semi’s production is undoubtedly aggressive and optimistic, but if Tesla intends to hit its stride with the Semi’s production by 2020, the company would probably need to start manufacturing the first electric trucks either in 2019 (within Musk’s original target), or early 2020 (if the vehicle’s rollout ends up happening in Tesla’s ever-prevalent ‘Elon Time’).  

Tesla’s goal for the Semi is actually quite feasible, considering that the vehicle shares several components with the Model 3. This was confirmed during the Q2 2018 earnings call, when the company noted that the two vehicles share parts such as powertrains, door handles, and touchscreens, to name a few. On account of these similarities, as well as the manufacturing lessons Tesla learned during the Model 3 ramp, there is a pretty good chance that the Semi’s production would not see as many difficulties as the electric sedan’s. 

In true Tesla fashion, the Semi boasts strong performance figures, thanks to its four Model 3-derived electric motors that enable the long-hauler to sprint from 0-60 mph in just 5 seconds without cargo. The Semi is also classified as a Class 8 vehicle, allowing it to transport the maximum amount of load usually permitted on US highways. Furthermore, the electric truck will be capable of operating in “Convoy Mode,” a system that will enable several Semis to semi-autonomously draft in close proximity with each other to reduce energy usage from wind resistance.

Advertisement

Tesla is currently continuing real-world tests of the Semi, with the long-hauler’s prototype being sighted traveling across the United States. Over the past few weeks, the Semi has visited some of the company’s reservation holders such as J.B. Hunt, UPS, and Ruan Transport Management Systems. Through interactions with the engineers accompanying the Semi across its interstate travels, some members of the Tesla community have been able to acquire some compelling tidbits of information about the prototype long-hauler, such as its 26-camera system, its carbon fiber body, and its upcoming sleeper features.

Simon is an experienced automotive reporter with a passion for electric cars and clean energy. Fascinated by the world envisioned by Elon Musk, he hopes to make it to Mars (at least as a tourist) someday. For stories or tips--or even to just say a simple hello--send a message to his email, simon@teslarati.com or his handle on X, @ResidentSponge.

Investor's Corner

Tesla bear turns bullish for two reasons as stock continues boost

“I think from a trading perspective, it looks very interesting,” Nathan said, citing numerous signs of strength, such as holding its 200-day moving average and holding against its resistance level.

Published

on

Credit: Tesla Manufacturing

A Tesla bear is changing his tune, turning bullish for two reasons as the company’s stock has continued to get a boost over the past month.

Dan Nathan, a notorious skeptic of Tesla shares, said he is changing his tune, at least in the short term, on the company’s stock because of “technicals and sentiment,” believing the company is on track for a strong Q3, but also an investment story that will slowly veer away from its automotive business.

“I think from a trading perspective, it looks very interesting,” Nathan said, citing numerous signs of strength, such as holding its 200-day moving average and holding against its resistance level.

He also said he believes a rally for the stock could continue as it heads into the end of the quarter, especially as the $7,500 electric vehicle tax credit is coming to an end at the end of the month.

With that being said, he believes the consensus for Q3 deliveries is “probably low,” as he believes Wall Street is likely underestimating what Tesla will bring to the table on October 1 or 2 when it reports numbers for the quarter.

Advertisement

Tesla shares are already up over five percent today, with gains exceeding nine percent over the past five trading days, and more than fourteen percent in the past month.

While some analysts are looking at the performance of other Mag 7 stocks, movement on rates from the Federal Reserve, and other broader market factors as reasoning for Tesla’s strong performance, it appears some movement could be related to the company’s recent developments instead.

Advertisement

Over the past week, Tesla has made some strides in its Robotaxi program, including a new license to test the platform in the State of Nevada, which we reported on.

Tesla lands regulatory green light for Robotaxi testing in new state

Additionally, the company is riding the tails of the end of the EV tax credit, as inventory, both new and used, is running extremely low, generally speaking. Many markets do not have any vehicles to purchase as of right now, making delivery by September 30 extremely difficult.

However, there has been some adjustments to the guidelines by the IRS, which can be read here:

Tesla set to win big after IRS adjusts EV tax credit rules

Advertisement

Tesla is trading at around $389 at 10:56 a.m. on the East Coast.

Continue Reading

News

Tesla lands regulatory green light for Robotaxi testing in new state

This will be the third state in total where Tesla is operating Robotaxi, following Austin and California.

Published

on

Credit: Tesla

Tesla has landed a regulatory green light to test its Robotaxi platform in a new state, less than three months after the ride-hailing service launched in Texas.

Tesla first launched its driverless Robotaxi suite in Austin, Texas, back on June 22. Initially offering rides to a small group of people, Tesla kept things limited, but this was not to be the mentality for very long.

It continued to expand the rider population, the service area, and the vehicle fleet in Austin.

The company also launched rides in the Bay Area, but it does use a person in the driver’s seat to maintain safety. In Austin, the “Safety Monitor” is present in the passenger’s seat during local rides, and in the driver’s seat for routes that involve highway driving.

Tesla is currently testing the Robotaxi platform in other states. We reported that it was testing in Tempe, Arizona, as validation vehicles are traveling around the city in preparation for Robotaxi.

Advertisement

Tesla looks to make a big splash with Robotaxi in a new market

Tesla is also hoping to launch in Florida and New York, as job postings have shown the company’s intention to operate there.

However, it appears it will launch in Nevada before those states, as the company submitted its application to obtain a Testing Registry certification on September 3. It was processed by the state’s Department of Motor Vehicles Office of Business Licensing on September 10.

It will then need to self-certify for operations, essentially meaning they will need to comply with various state requirements.

This will be the third state in total where Tesla is operating Robotaxi, following Austin and California.

CEO Elon Musk has stated that he believes Robotaxi will be available to at least half of the U.S. population by the end of the year. Geographically, Tesla will need to make incredible strides over the final four months of the year to achieve this.

Advertisement
Continue Reading

News

Tesla is improving this critical feature in older vehicles

Published

on

Credit: Tesla

Tesla is set to improve a critical feature that has not been present in older vehicles with a new update.

Tesla vehicles feature a comprehensive suite of driver assistance features, some of which aid in driving itself, while others support the vehicle’s surroundings.

One of those features is that of Driver Visualization, and with the rollout of a new update, owners of Intel-based Tesla vehicles are receiving an upgrade that will come with a simple software update.

Tesla plans to use Unreal Engine for driver visualization with crazy upgrade

The update will provide new visualizations while Intel-based vehicles are in reverse, a feature that was not previously available, but will be with Software Update 2025.32.2.

Advertisement

The improvement was spotted by Not a Tesla App via TheBeatYT_evil:

Advertisement

Previously, vehicles Tesla built were equipped with Intel-based processors, but newer cars feature the AMD chip, which is capable of rendering these visualizations as they happen. They were capable of visualizations when driving forward, but not in reverse, which is what this change resolves.

It is a good sign for those with Intel-based vehicles, as Tesla seems to be paying attention to what those cars are not capable of and improving them.

This was an undocumented improvement associated with this particular update, so you will not find any mention of it in the release notes that Tesla distributes with each update.

Continue Reading

Trending