Tesla Semi production plan
Tesla (TSLA) unveiled its Semi on November 16, 2017. The Semi unveiling event, which was originally expected to take place in September 2017, witnessed great fanfare and cheers from the crowd.
During the event, TSLA’s CEO, Elon Musk, noted that Semi production would begin in 2019.
A possible delay in production
According to a report published on wormcapital.com, Tesla will “begin to earnestly produce Semis by 2020.” The claims made in the report are based on investors’ conversations with Tesla’s head of investor relations, Martin Viecha, on their visit to Tesla’s Nevada-based Gigafactory.
Tesla has a bad reputation of having execution issues, and in the past, the company’s other vehicles such as the Model S, Model X, and Model 3 have faced production issues. However, it’s important to note that in the case of these cars, most buyers have been individual car buyers, while in the case of the Semi, nearly all the buyers would be large companies. Therefore, a long delay in Semi production could hurt the company’s reputation.
No major completion
According to Tesla, the Semi could achieve a speed of 0–60 MPH (miles per hour) in five seconds without any load against the 15 seconds taken by a diesel semi truck. Tesla claims that its Semi has far better aerodynamics than diesel semi trucks, with 500 miles of range per charge.
Soon after Tesla’s Semi launch event last year, it received reservations from large companies such as J.B. Hunt Transport Services, Walmart, DHL, and PepsiCo.
At the moment, Tesla Semi might not have any real competition, but by the time it goes into production, other auto companies (XLY) might get into the electric truck segment. Though Daimler’s (DDAIF) Mercedes has already revealed its intention to build electric trucks, other US automakers General Motors (GM) and Ford Motor Company (F) haven’t shown any interest in the electric semi or pickup truck segment yet.
In the next article, we’ll see whether or not Chinese electric vehicle maker NIO can compete with Tesla.