Tesla semi truck unveiling event
Tesla Motors’ (TSLA) electric semi truck unveiling event took place on November 16, 2017, but before that, on November 12, Tesla’s CEO (chief executive officer) Elon Musk tweeted, “This will blow your mind clear out of your skull and into an alternate dimension.” The event may not have been mind-blowing for everyone, but the Tesla semi truck certainly has some exciting features and specifications. Some of them were even better than analysts’ expectations.
Tesla’s semi truck specifications
Here’s a closer look at some key specifications of Tesla’s electric semi truck, according to Musk’s presentation:
- It will achieve 0–60 MPH (miles per hour) in five seconds without any load against 15 seconds for a diesel semi truck.
- It will have a drag coefficient of 0.38, which suggests that it will have far better aerodynamics than diesel semi trucks, which will allow it to accelerate faster.
- It will have four motors on rear axles with independent front suspension.
- It will have a 500-mile range per charge. Using Tesla’s upcoming Megacharger stations, it can be charged for a 400-mile driving range in 30 minutes.
- It will come with an enhanced autopilot system that will include features such as automatic emergency braking, automatic lane keeping, and forward collision warning.
- It will come with a jackknifing prevention feature and a nearly infinite brake life.
- It will come with a drivetrain guarantee of 1 million miles.
Price not revealed yet
Tesla has not yet revealed the price for its electric semi truck, but Musk claimed that its operating costs could be ~20% lower than those of diesel trucks from day one. After the unveiling event, Tesla began accepting reservations for its truck with a $5,000 deposit.
Currently, the truck with its impressive specifications doesn’t seem to have a true competitor in the market. But by the time it goes into production in 2019, other automakers may have geared up to compete with Tesla by launching their own versions of electric semi trucks.
Note that in the last couple of years, other auto giants (IYK) such as General Motors (GM), Ford (F), and Fiat Chrysler (FCAU) have sped up their EV (electric vehicle) development to take on Tesla in the car segment.
In the next part, we’ll look at Wall Street analysts’ views on Tesla’s electric semi truck after the unveiling event.