Tesla expands electric-vehicle portfolio with first truck and an updated roadster

Tesla expands electric-vehicle portfolio with first truck and an updated roadster

Tesla expands electric-vehicle portfolio with first truck and an updated roadster

"In essence, all last night's event did was add to Elon Musk's shopping list of things he needs to spend money on at a time when the company is having difficulty making its base vehicle (Model 3)", Cowen analyst Jeffrey Osborne said. Then Tesla announced a new roadster, which Tesla says will go from zero to 60 in 1.9 seconds, has a top speed of 250 miles per hour and has a 620-mile range.

This is also the first sign that Tesla's Semi announcement isn't just a flashy stage show: A pilot partner eager to talk about actually using the trucks immediately shows there's some some fire behind the smoke.

The four-seat convertible will also do the quarter mile in 8.9 seconds, which would be another record for a production vehicle.

Without a trailer, the Tesla Semi goes from zero to 60 miles per hour in five seconds, compared to 15 seconds in a comparable diesel truck, Tesla said, and does zero to 60 miles per hour in 20 seconds with a full 80,000-pound load.

Musk said several Tesla semis will be able to travel in a convoy, autonomously following each other. Each of the truck's wheels is powered by a Model 3 engine, and the cab of the truck itself boasts two of touch screens also found in the Model 3.

Tesla says production for the new Semi should commence by 2019 in the US. The newest hauler is a mid-size transport vehicle and gets all the bells and whistles you would expect from a semi-truck, while packing in the autonomous driving technology too.

It can reach up to 160 kilometers per hour (99.4 miles per hour) in 4.2 seconds. Right now, there's little charging infrastructure on global highways. Those trucks can have a more limited range of 100 miles or less, which requires fewer expensive batteries.

Tesla shares are up 51.46% this year.

Meijer signed up for four truck test-drives with a $5,000 down payment for each, and by implementing the new vehicle, the company's delivery system has the potential to be 20 percent more fuel efficient and to drive 500 miles before needing a recharge. It faces stiff competition from long-trusted brands like Daimler AG, which unveiled its own semi prototype last month. The company, one of the largest supply chain solutions providers in North America, said that it had "placed a reservation to purchase multiple Tesla Semi tractors" though did not specify exact numbers.

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