Tesla Unveils Semi: Moving Beyond Cars

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Tesla Unveils Semi: Moving Beyond Cars PART 1 OF 6

Tesla Unveils Semi: Battle of the Bulls and Bears Intensifies

Tesla unveils semi truck

Tesla Motors (TSLA) unveiled its much-awaited electric semi truck in a high voltage late evening event in Hawthorne, California, on November 16, 2017. The event, which was originally expected to take place in September, was filled with great fanfare and cheers from the crowd. This was not the first product unveiling event by Tesla’s CEO (chief executive officer) Elon Musk, who appeared to be no less than a rock star for most of the crowd. Before we get into the details of Tesla’s new products, let’s take a quick look at Tesla stock and how it traded after the unveiling.

Tesla Unveils Semi: Battle of the Bulls and Bears Intensifies

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Fight between bulls and bears intensified

On November 17, 2017, Tesla stock opened at $325.53, which was ~4.2% higher than the previous session’s closing price. However, the stock couldn’t maintain those gains during the session as the fight between Tesla bulls and bears intensified. That day, the stock settled at $315.05 with minor gains of 0.8% for the session.

Despite many positive factors about Tesla’s new semi truck, ongoing Model 3 production woes could be the primary reason for investors’ mixed reactions. The company also recently reported its biggest quarterly loss in 3Q17, which could continue to feed Wall Street’s Tesla bears.

In 2017, Tesla stock has risen 47.4% as of November 17, 2017, against 15.2% gains for the S&P 500 Index (SPY) (SPX-INDEX). By comparison, automakers (IYK) General Motors (GM) and Fiat Chrysler (FCAU) were trading with 25.9% and 91.1% YTD (year-to-date) gains, respectively. Ford (F) was still trading in negative territory with a ~1% YTD loss.

Series preview

In this series, we’ll look at the main highlights of Tesla’s semi truck unveiling event. We’ll take a close look at the key features of the truck and the new high-end version of the Roadster that was also unveiled during the event. Finally, we’ll look at Tesla’s valuation.


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