Connect with us

News

Tesla Semi test drive, demo event reportedly planned for Safeway workers next week

Published

on

The Tesla Semi appears to be maintaining a notable level of interest among its reservation holders. Take grocery giant Albertsons, for one. As could be seen in a recently shared announcement from Safeway corporate (one of Albertsons’ subsidiaries), the company seems to be preparing to showcase the all-electric long-hauler to some of its CA employees this coming Wednesday.

An image of Safeway corporate’s memo was recently shared on the r/TeslaMotors subreddit by Tesla enthusiast u/MGC1987, who noted that the demo would be held at the retailer’s Tracy, CA Distribution Center. Apart from referencing demos of the vehicle by a team from Tesla, the announcement also noted that a number of Safeway drivers would have the opportunity to test drive the Semi.

“On 12/5/2018, we will be hosting the Tesla team along with our own corporate leadership team for a demo of the new Tesla tractors. We will be selecting a few drivers to represent the company and test drive the tractor here at the DC.”

A memo from Safeway Corporate referencing a Tesla Semi demo on 12/5/2018. [Credit: MGC1987/Reddit]

Albertsons is among the United States’ largest grocery chains. The grocery giant is among the Tesla Semi’s more recent reservation holders, placing a reservation for 10 of the vehicles last month. The company’s Tesla Semis would join its growing fleet of trucks, which currently number more than 1,400 nationwide. Albertsons did not provide the specifics of its orders, though references to the Semi’s 500-mile range in a press release suggests that the company had purchased the long-range version of the vehicle. Tom Nartker, Safeway’s VP of Transportation, noted that the company’s purchase of the Tesla Semis is part of Albertsons’ ongoing efforts to reduce its carbon footprint.

“Advancing supply chain efficiency and sustainability is an important goal for our company. We’re excited to pilot this expansion of our transportation program with trucks that help us limit our overall carbon footprint,” he said.

Advertisement

Demos of the Tesla Semi to employees of reservation holders have been conducted in the past. Earlier this year, social media was briefly saturated by images uploaded by employees of JB Hunt, a trucking giant with a fleet of 12,000 trucks and over 100,000 trailers and containers. Pictures taken of the Semi’s visit to JB Hunt’s headquarters show lines of employees interacting with the vehicle. Not long after that, the Semi also paid a visit to UPS’ hub in Addison, IL, where some employees from the package delivery company seemingly took a test drive on the electric long-hauler.

The Tesla Semi at JB Hunt. [Credit: tslalytix/Twitter]

Elon Musk noted during the Semi’s unveiling that the vehicle would likely start production sometime in 2019. Since the electric truck’s unveiling, though, Tesla has remained tight-lipped about the location where the Semi would be produced. The company appears to be taking a rather conservative stance with its estimates on the Semi’s production too, as head of investor relations Martin Viecha reportedly noted during a tour of Gigafactory 1 that Tesla is planning on “earnestly” producing the all-electric truck by 2020.

For now, Tesla appears to be set on refining the Semi before it enters production. Over the past months, multiple sightings of the vehicle have been reported by the Tesla community, as the truck continued to get road-tested across the United States. A recent sighting of the vehicle at the iconic Madonna Inn in CA even gave a glimpse of the vehicle’s temporary charging system, which it currently uses in place of Tesla’s upcoming Megacharger network. 

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.

Advertisement
Comments

Elon Musk

SpaceX (SPCX) IPO is live today at $135: Here’s exactly what you need to know

SpaceX priced its historic IPO at $135 per share today, raising a record $75 billion.

Published

on

By

SpaceX officially priced its initial public offering at $135 per share, offering 555,555,555 shares of Class A common stock and raising $75 billion in what is the largest IPO in stock market history. Shares are set to begin trading on the Nasdaq Global Select Market on Friday, June 12, under the ticker symbol SPCX. The previous record holder was Saudi Aramco’s 2019 offering at $29 billion, followed by Alibaba’s $22 billion offering in 2014.

At $135 per share and roughly 555.6 million shares, the implied valuation sits near $1.75 trillion, which would make SpaceX roughly the seventh largest company in the United States, just above Tesla’s current market cap. Regular investors can request shares at the IPO price through Robinhood, Fidelity, Charles Schwab, SoFi, and E*TRADE, though the deal is heavily oversubscribed and most retail allocations will be partial or unfilled. Once trading opens June 12, anyone with a brokerage account can buy SPCX on the open market.

SpaceX’s amended S-1 is sparking a major Tesla merger conversation

 

Advertisement

The valuation is anchored primarily by Starlink. Starlink crossed 10 million subscribers as of February 2026 and is adding 750,000 to 1.5 million new users per month, with the connectivity segment already posting a $1.19 billion profit last quarter. The offering also bundles in xAI following SpaceX’s all-stock merger earlier this year, adding Grok and the Colossus supercomputer to the investment thesis. As Teslarati reported, Starlink ended 2025 with $10 billion in revenue, a figure analysts project could reach $24 billion by end of 2026.

Wedbush analyst Dan Ives has been vocal in his support. “I think the time is right,” Ives said, adding that the offering expands the Elon Musk ecosystem rather than competing with Tesla. An average 12-month price target of $165 per share represents roughly 22% upside from the IPO price. Not everyone agrees – Motley Fool noted xAI is spending $1 billion per month playing catch-up to OpenAI and Anthropic.

Musk founded SpaceX in 2002 with a single stated purpose. “Elon founded SpaceX with a goal to change humanity, to make us a multi-planet species,” CFO Bret Johnsen said in the company’s retail roadshow video this week. Musk himself has been more direct: “We are building the systems and technologies necessary to provide global connectivity on Earth and beyond, to understand the true nature of the universe, and to extend the light of consciousness to the stars.”

Advertisement
Continue Reading

Investor's Corner

Tesla unfolded its first European “folding Supercharger”

Tesla’s folding Supercharger just arrived in Europe and it changes how fast charging expands.

Published

on

By

Tesla’s Folding Unit Supercharger has officially landed in Europe, with the company teasing a new installation in its effort for a broader rollout targeting major motorway rest stops across the European continent in Q3 2026. The arrival marks a notable shift in how Tesla is thinking about network expansion, moving from hardware performance alone to engineering the logistics chain itself.

While Tesla did not reveal the exact location for the new folding Supercharger in Europe, the photo shared on X heavily suggests that this maybe somewhere in Norway. Historically, whenever Tesla rolls out an entirely new infrastructure architecture in Europe, whether it was the original Supercharger stalls years ago or these brand-new modular V4 “Folding Units”, Norway is almost always the designated launch pad because of its unmatched EV adoption rate and supportive infrastructure

The Folding Unit, introduced in March 2026, is a factory pre-assembled V4 charging station built on an industrial hinge system mounted to a heavy-duty concrete base. The entire assembly arrives on site ready to unfold and connect. Tesla confirmed the units feature telescopic light poles specifically designed for easy transportation and fast on-site deployment, a detail that signals how carefully the logistics chain has been engineered alongside the hardware itself. The design allows 33% more stalls per delivery truck, cuts installation time roughly in half, and reduces overall deployment costs by more than 20% compared to traditional installations.

Tesla’s newest “Folding V4 Superchargers” are key to its most aggressive expansion yet

Advertisement

Tesla also noted telescopic light poles which provide benefits over traditional Supercharger installations that require fixed-height poles that are awkward to ship, slow to position on site, and often require separate crews and equipment to erect before charging hardware can even be staged. By engineering poles that compress for transit and extend on arrival, Tesla has removed one of the quieter bottlenecks in the physical deployment process. Every hour saved on a light pole installation is an hour redirected toward getting stalls energized. At scale, across dozens of new sites per quarter, those hours add up to a meaningful acceleration in how quickly a location goes from approved permit to serving its first customer.

Each Folding Unit pairs a single V4 power cabinet with eight charging posts. The V4 cabinet delivers up to 500 kW per stall for passenger vehicles and up to 1.2 MW for the Tesla Semi, supporting twice the stalls per cabinet at three times the power density of its predecessor. Longer cables make every new station immediately usable by non-Tesla vehicles, a priority as Tesla continues opening its network to Ford, GM, Rivian, Hyundai, Stellantis, and others.

As Teslarati reported when the Folding Unit was first unveiled, Tesla’s Gigafactory New York produced its final V3 Supercharger cabinet in March 2026 after more than seven years and 15,000 units, completing a full pivot to V4 production. The European arrival of the folding design is the next chapter in that transition.

Faster and cheaper deployment means Tesla can justify building in markets and corridors that were previously too expensive to serve, filling the coverage gaps that have slowed EV adoption outside major urban centers.

Advertisement

Continue Reading

News

Tesla stuns with another FSD approval in Europe, its second in two days

Published

on

Tesla has stunned by gaining yet another approval for its Full Self-Driving suite in Europe, its second in two days and its fifth overall.

Belgium will be the latest country to allow Tesla owners to utilize FSD on public roads in Europe, joining a quickly growing list that started with the Netherlands, Lithuania, and Estonia.

On Tuesday, Denmark announced its approval of the FSD suite, which has now been followed by Belgium just one day later.

The country’s Minister of Mobility, Annick De Ridder, announced the approval on her X account, stating that she had just signed the approval of Tesla FSD. It now goes to the country’s homologation department for the last step of the approval process.

Advertisement

The Belgian approval is one of mighty importance because it truly shows how quickly countries in Europe could greenlight the FSD suite consecutively. Approvals are already coming in relatively quickly, which is a great sign.

Perhaps the next big development that could come from FSD approvals in Europe is an approval from a country like England, Italy, France, Spain, or Germany. It would be something to see how FSD would perform in a major European metro, such as London, Barcelona, Madrid, Paris, Rome, or Berlin.

Advertisement

Full Self-Driving does an excellent job of roaming around major U.S. cities like New York and Los Angeles, but other high-profile international cities of significance would truly mark a line in the sand for Tesla, which can simply enable any vehicle in its customer-owned fleet to run FSD with the correct approvals.

Advertisement
Continue Reading