Tesla unveils semi-truck and surprises fans with new Roadster

Tesla unveils semi-truck and surprises fans with new Roadster

Tesla - most famous for building electric cars - has taken the wraps off its Semi, an articulated truck with purely electric power. A Carnegie Mellon study estimated the cost of the Semi's battery pack alone to be roughly $200,000, with the typical diesel truck priced at just $120,000, the BBC points out.

This is a sign of how the Tesla Semi could make a bigger impact than many might suspect on the trucking industry.

From Tesla Semi's 500 miles of range to the new Roadster's 1.9-second zero-to-60 time, the specs of Tesla's newest vehicles crushed expectations.

"Elon promised a truck that would 'blow your mind clear out of your skull, ' and he delivered", Wired tweeted. "I think it will blow yours". But it's a pickup with a bed big enough to fit a conventional pickup truck.

Rebecca Lindland, executive analyst at Kelley Blue Book, is skeptical.

The new Roadster will be available in 2020.

"From a purely economic perspective, if Tesla's cost of ownership stats prove accurate in practice, Tesla's Semi has a strong chance of taking significant share", he said. "These are business people, not fans, and they will need convinced that this truck is better for their balance sheet than existing technology". It's way behind on production of the Model 3, a new lower-cost sedan.

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But the semi also piles on the chaos at Palo Alto, California-based company. The main bottleneck is at Tesla battery plant in Nevada, known as the Gigafactory.

"So far that final element has eluded Tesla Motors, which makes it hard to see these vehicles as more than "what if" concept cars".

Those setbacks didn't do much to dampen the hype surrounding Thursday's unveiling - and it gained more energy as the Roadster, which from 2008 to 2012 was Tesla's star vehicle, returned to the lineup.

Semi adds one more major project on the plate of Musk, who not only has several in the works at Tesla, but also runs aerospace company Space X, and The Boring Company, which is attempting to solve traffic woes by creating a high-speed transportation system featuring a series of tunnels.

"The truck will automatically brake", he said. This technology allows for automatic breaking, lane keeping and lane departure warnings. "This is a massive increase in safety". Taking a page from Apple and other tech companies in using showmanship to wow crowds, Musk surprised the crowd by announcing there was one more thing to add - and the new auto rolled out of the truck's trailer. "You can lose two of the four motors and the truck will still keep going", he said.

On back of the new semi truck, the analyst maintains a Buy on Tesla stock with a $430 price target, which represents a almost 36% increase from current levels. Though the vehicle is clearly priced in supercar territory, it's far cheaper than numerous supercars it outperforms.

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