TSLA Stock: Tesla Inc Unveils Semi Truck And Surprise Sports Car


Tesla Inc (NASDAQ:TSLA) pulled a rabbit out of its hat late last night at its event to announce its new all-electric semi truck.

Along with the big rig, Elon Musk also announced a new supercar that takes the company back to its high performance roots. Bloomberg has more details:

The Semi truck going into production in 2019 will boast 500 miles of range, a battery and motors that will last 1 million miles and cheaper total operating costs than diesel models, Tesla’s chief executive officer said. The Roadster, available a year later, will be the fastest production car ever made, he said.

“The point of doing this is to just give a hardcore smack-down to gasoline cars,” Musk told the crowd gathered at Tesla’s design studio near Los Angeles, touting the Roadster’s 1.9-second 0-60 miles per hour time and 620 miles of range. “Driving a gasoline sports car is going to feel like a steam engine with a side of quiche.”

The two vehicles were impressive to say the least. Both would immediately jump to the top of their respective classes — assuming Tesla can actually produce them at scale with tight quality control.

So far, that aspect has eluded Tesla, especially pertaining to its Model 3 release.

Tesla Inc shares rose $6.75 (+2.16%) in premarket trading Friday. Year-to-date, TSLA has gained 46.24%, versus a 17.35% rise in the benchmark S&P 500 index during the same period.


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