Tesla Unveils World's Fastest Production Car In Surprise Announcement

Saturday, 18 Nov, 2017

For reasons beyond my comprehension-wait, no-for reasons entirely within my comprehension as of late, Elon Musk claims to have built his new all-electric semi truck to be able to withstand a thermonuclear explosion.

Hirsch thinks Tesla may only get a small number of orders for the Semi from companies mostly looking to use them for short hauls - about 20 to 250 miles - from ports on the California coast to distribution centers in the inland part of the state. Walmart has confirmed that it reserved fifteen Tesla Semi trucks, telling CNBC that it had earmarked ten for the United States and the remaining five for Canada.

Regardless of whether Musk is right about the typical length of trucking routes, 500 miles is still far less than diesel trucks can travel.

Michelle Krebs, executive analyst for Autotrader, said the trucking industry presents a large opportunity for Tesla, although she noted there are already other semi-autonomous truck manufacturers, including Daimler and Uber's Otto.

The stock is up more than 4% after the event.

The Tesla Semi checks a lot of boxes in terms of addressing bottom line considerations, offering 500 miles of range to avoid too much compromise vs. diesel truck travel capability, and providing a way for a company to decrease its net Carbon dioxide emissions without having to undertake expensive endeavors like sponsoring the construction of renewable power plants. The 500-mile version will be able to do round-trip runs on the vast majority of USA freight routes, which are 250 miles or less, Musk said. Musk called the Roadster "the fastest production auto ever made, period".

He said the Tesla Semi truck boasts faster acceleration, better uphill performance and smart safety features such as lane-keeping technology and enhanced autopilot software to improve the on-road experience for truck drivers.

The new Roadster will be produced in 2020 with a minimum price tag of $200,000.

The Tesla Semi is expected to begin deliveries in 2019, and reservations are being taken now. Plus don't forget that Tesla also has the new Semi to get into production before the new Roadster.

Acceleration junkie and Tesla drag racing veteran Brooks from Drag Times documented his experience blasting off from a standstill to over 80 miles per hour, in record-setting fashion, inside a Tesla Roadster prototype. Reservations require a $50,000 deposit for the base version, or the full $250,000 for the Founders Series version.

The "cheaper" Model 3 is what many on Wall Street hope will vault Tesla into the upper echelon of mass market auto makers. Tesla estimates a two-year payback for the added cost of the truck, meaning more than $200,000 in saved fuel. Tesla shares are about 20% below their record high.