Tesla's New Semitruck Might Be Playing Catch-Up

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Tesla finally unveiled its oft-delayed electric semi-truck Thursday night. 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.

Reservations for the new all-electric semi can be made with a $5,000 deposit. Meijer was not available for further comment. And Arkansas trucking company J.B. Hunt said it has reserved "multiple" tractors that it will deploy on the West Coast but didn't specify how many.

Tesla shares are up 51.46% this year.

That makes sense, according to Jerry Hirsch, editor at Trucks.com.

Tesla claims that the Semi will require less maintenance thanks to its lack of traditional mechanical parts and systems, while its batteries are claimed to "support repeated charging cycles for over a million miles".

What about charging? Tesla says a new network of Tesla Megachargers will enable 400 miles of charge in just 30 minutes. And filling up the tank is a lot faster than charging a battery.

But even lower costs won't make trucking a sure bet for Tesla.

Krebs added: "In contrast to Tesla's current buyer bases, the priority for truck drivers and fleet operators is reliability and up-time".

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"The truck will automatically brake", he said. "This is going to spark a change among other manufacturers, radical changes that have been previously resisted".

Tesla Inc. faces an uncertain road ahead as it moves aggressively to enter the crowded US trucking market. In addition, let's not forget Tesla has already teased the Model Y, a smaller crossover slated to be positioned below the Model X. It's due in 2019, though knowing Tesla, we're not so sure it will actually be launched before 2020. Musk is notorious for making overly lofty promises and missing deadlines.

Tesla's new Roadster. Image source: Tesla. "But as a Model 3 depositor looking at an 18-month wait, I do wish he was a little bit further along in the delivery process before embarking on yet another new vehicle, let alone a semi-truck", Lindland said. Graced with the semblance of Darth Vader and an unusual center-mounted driver's seat, the truck's design signals how much the company wants to do things differently. Shares rose Friday and they are up nearly 50% so far this year.

On Thursday night, Tesla surprised fans with another product: An updated version of its first sports auto, the Roadster. Tesla shares are about 20% below their record high.

Toyota is testing a hydrogen fuel cell truck as well.

Jefferies analyst Philippe Houchois estimated that Tesla would need to raise $2.5 billion to $3 billion to keep production running smoothly.

All this competition could become a problem if Tesla can't live up to its production goals.

David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now. and Tesla wasn't one of them! "There may not be meaningful distribution of this vehicle for at least three years".

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