Previously, Musk stated that heavy-duty trucks and similar vehicles running on electric power have are needed and this could potentially be a huge market for the company. In a recent announcement, the billionaire revealed that his company would be producing Semi trucks as well. "We believe the Tesla Semi will deliver a substantial reduction in the cost of cargo transport, while increasing safety and making it really fun to operate", he wrote at the time. "Team has done an incredible job".
Thus, Tesla has plans to first push out for Semi as it would also be in line with company's aim of entering self-driving vehicles.
Tesla, which already builds its mainstay Model S sedan and Model X sport utility vehicle, briefly became the largest US automaker by stock market value early this week when its market valuation surpassed that of General Motors Corp. Upon asking when the Pickup would come - whether this year or the next - he replied that the pickup truck would come in the next 18-24 months. The company is known for sleek, pricey electric sedans. Musk then said on Twitter that he would follow up soon on an earlier promise to appoint more independent directors, "but this (investor) group has nothing to do with it". However, Tesla may run into issues with the new models because it does not now have facilities to manufacture trucks or semis. We can also expect a convertible from Tesla eventually, and we will be getting the final details on the Model 3 this July. "The important thing is that while everyone is focused on the Model 3, there are a lot of other projects going on at Tesla".
Pittsburgh Steelers chairman Dan Rooney dies at 84
After some sad news, the Minnesota Vikings offered some kind words about the career of Pittsburgh Steelers owner Dan Rooney. Daniel Milton Rooney was born in Pittsburgh on July 20, 1932, a year before the Steelers entered the still-fledgling NFL.
Shares of Tesla raised by 3% to $313.73 on Monday and it was an upgrade from Piper Jaffray analyst Alexander Potter, who raised his price target by 65% increase.
In addition, the 45-year-old said Tesla's economy auto, the Model 3, will finally be launched in July.
Earlier this month, Tesla passed Ford Motor Company and General Motors in USA market value.