Tesla reveals Electric Semi price

Published on: 24 Nov, 2017

Tesla Inc. (NASDAQ: TSLA) unveiled two new additions to the production line last Friday: the Roadster and the Electric Semi. Elon Musk, Tesla CEO, disclosed the pricing only for the Roadster at the showcase, but not the electric semi. Tesla had updated its website, posting that the electric semi’s price will range from $150,000 to $180,000 depending on the mile range.

The 300-mile range truck will be priced at $150,000, while the 500-mile range truck will be priced at $180,000. There is also a Founder’s Series, just like the Roadster, which will be priced at approximately $200,000. There is also a $20,000 reservation fee.

Although these prices are set and stone, Tesla says these will be the expected final prices.

Diesel powered trucks costs drivers thousands and thousands of dollars annually for maintenance, but Tesla says the truck will save up to $200,000 in the lifetime of the truck.

In the showcase, Musk said that the electric semi will accelerate from 0 to 60 mph in just 5 seconds, without any cargo. While holding 80,000 lbs of cargo, it’ll take approximately 20 seconds to reach 60 mph.

But, even though Musk says the truck can hold 80,000 lbs of cargo, he never disclosed any information regarding the size and weight of the battery. The weight of the battery will heavily impact the amount of cargo drivers can hold. If the battery is too big or too heavy, drivers will have to cut down on the load.

Even then, according to the Verge, companies with fleets of trucks are interested regardless. Large transport carriers like JB Hunt Transport Services, NFI Industries, and Bison Transport have all reserved trucks, along with other retailers like Walmart, Loblaw, and Meijer.

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Marco Zhou

Email: Marco@financialinsiders.com

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