Published: Sat, November 18, 2017
Economy | By Melissa Porter

The Tesla Semi already has some big-name reservations

The Tesla Semi already has some big-name reservations

Tesla CEO Elon Musk rode in with revelations about his company's all-electric Semi truck, but walked off with an even bigger surprise: a new version of the Tesla Roadster that breaks records for speed and range. The truck has a range of 500 miles and can recharge to a range of 400 miles in just 30 minutes with the company's new Megacharger.

The Tesla Semi won't go into production until 2019, but Tesla founder Elon Musk said the lorry will be cheaper to run than a diesel alternative and will travel up to 500 miles at maximum weight at motorway speeds.

The retailer will pilot the Tesla Semi across both USA and Canada, the company says.

Tesla's truck can also follow other Semis autonomously to form a convoy of several vehicles - a feature that Musk outlined in his masterplan for the company previous year.

The Roadster has a range of nearly 1,000 kilometers (621.3 miles) on a single charge with a maximum speed of 402 kilometers per hour (249.7 miles per hour).

The two-door electric sports auto will be able to accelerate from 0-60 miles per hour in 1.9 seconds, a figure that Musk says will improve with future software updates for the vehicle.

Tusk says the new version of the Roadster will be, "the fastest production vehicle ever made, period".

The new Roadster will be available in 2020.

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.

With a top speed of over 250 miles per hour, it is set to become the fastest production vehicle in the world. "The supply for their existing Model 3 production is already showing signs of stress so adding larger products in a completely separate market will add strain to Tesla's resources".

Watch Tesla's stock price move in real time. Though the vehicle is clearly priced in supercar territory, it's far cheaper than numerous supercars it outperforms.

Musk pulled a major surprise for the audience at its event after the Semi unveiling, by debuting the company's new second-generation Roadster, which it calls the "quickest vehicle in the world, with record-setting acceleration, range and performance". Reservations require a $50,000 deposit for the base version, or the full $250,000 for the Founders Series version. And so is a startup called Nikola Motor, which just so happens to be the first name of the famed inventor that Tesla is named after. But it will need to catch up on its Model 3 production first. And the same could probably be said about the Tesla Semi compared to its diesel counterparts.

Tesla shares are up 51.46% this year. The Motley Fool owns shares of and recommends Apple and Tesla.

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