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Why Elon Musk Accelerated Tesla Semi Production

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Yesterday, after a successful Nikola IPO and the apparently big number of Nikola truck reservations Tesla CEO released a memo to the Semi division of Tesla asking to accelerate the Semi's production.

It was expected because Tesla doesn't want to yield the segment of Semi trucks to other EV competitors.

According to Reuters, Musk sent the note to staff following the very successful IPO of zero-emissions startup Nikola Motors, which plans a lineup of battery-powered and hydrogen fuel-cell-powered commercial trucks starting next year. Phoenix-based Nikola’s market capitalization surpassed Ford’s on Tuesday after announcing a reservation date for a small pickup, despite company projections that it wouldn’t even reach $1 billion in revenue until 2023.

According to Fox News, Tesla CEO Elon Musk has confirmed the authenticity of the Memo, which said “It’s time to go all out and bring the Tesla Semi to volume production.” He added that the powertrain would be manufactured at Tesla’s Reno, Nev., facility, but that most other work would take place elsewhere in the U.S.

Here is the full memo.

"It's time to go all out and bring the Tesla Semi to volume production. It's been in limited production so far, which has allowed us to improve many aspects of the design.

"Production of the battery and powertrain would take place at Giga Nevada, with most of the other work probably occurring in other states.

"Jerome and I are excited to work with you to bring this amazing product to the market!

"Elon"

Tesla plans to mass-produce the Semi truck at its Nevada Gigafactory, but Nikola still doesn't have a factory for its Nikola TRE truck.

Tesla has promised the truck would be available with ranges from 300-500 miles per charge and be able to accelerate to 60 mph in 20 seconds at the maximum allowed weight of 80,000 pounds.

#TeslaSemi
#ElonMusk
#NikolaTruck
#Tesla

This is Armen Hareyan from Torque News. Please, visit us at https://www.TorqueNews.com for daily car sector news and follow us on Twitter at https://twitter.com/torquenewsauto for daily automotive sector tweets. And if you would like to support our channel, I would really appreciate buying us animated applause once a month by clicking on the applaud button, which is next to the Like button, if you are watching this video on a desktop.


Reference
FoxNews https://www.foxnews.com/auto/elon-musk-tesla-semi-production
Category
Electric Vehicles

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