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Varney & Co. discuss their outlook for Tesla shares amid Elon Musk’s announcement of the new Roadster and its first truck.
Elon Musk believes the Tesla Semi can go the distance.
The world’s second richest person told the 2020 European Battery Conference that Tesla’s new battery technology could deliver a Class 8 truck that can travel 1,000 km, or 621 miles, per charge.
Tesla is taking orders on trucks with an advertised range of around 300 to 500 miles (500 to 800 km), but Musk said next-generation battery technology revealed at Tesla’s Battery Day event in September had a higher energy density which should increase autonomy.
“We think this is going to be extremely competitive and compelling for trucking companies,” Musk told the conference.
Tesla’s new battery uses cells which are structural parts of the pack, which helps reduce the overall weight of the system. Musk estimates they would incur a weight penalty of one ton or less compared to a diesel powertrain on a 40-ton truck.
| Teleprinter | security | Latest | Change | Change% |
|---|---|---|---|---|
| TSLA | TESLA INC. | 562.73 | +7.34 | + 1.32% |
Many of the world’s largest truck companies, including Daimler, Navistar, and Toyota, have developed hydrogen fuel cells to power zero-emission long-haul trucks, claiming they are lighter than batteries and faster to burn. fill up.
CUMMINS STARTS ON DITCH DIESEL FOR HYDROGEN
Daimler Truck chairman Martin Daum suggested to Bloomberg in 2018 that Tesla’s projections for a 300-500 mile truck were overly optimistic and defied the laws of physics.
“If Tesla really keeps this promise, we will obviously buy two trucks – one to take apart and one to test, because if that happens, something is beyond us,” Daum said.
“But for now, the same laws of physics apply in Germany and California.”
Tesla said it has several hundred reservations for the Semi from several companies, including PepsiCo, Walmart Canada, and truck rental company Pride Group Enterprises. List prices range from $ 150,000 to $ 200,000, but initial plans to put it into production by the end of 2020 have been pushed back for at least some time into 2021.
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