Key insights
- Tesla announced the first Semi truck rolling off a high-volume production line, reiterating its plan for large-scale manufacturing of new products like the Cybercab and Megapack 3 by 2026. Increased capital spending is planned, focusing on factories for semi-trucks and other ventures. This signals Tesla's continued investment in future growth, but the impact is tempered by the long lead time to mass production.
April 29 (Reuters) - Tesla said on Wednesday its first Semi truck has begun rolling off a high-volume production line as the electric vehicle maker remains on track to launch large-scale manufacturing of several new products in 2026.
Here are the details:
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"First Semi off high volume line," Tesla said in a post on social media platform X.
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The Tesla Semi is an all-electric truck designed for long-haul freight. Its long-range model can travel up to about 500 miles on a single charge, according to its website, with deliveries expected to begin this year.
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Tesla aimed to start mass production in 2026, with the Cybercab to be produced in Texas and Semi in Nevada, Reuters previously reported.
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Tesla, which first unveiled the Semi in 2017, reiterated during its latest earnings call that volume production of its Cybercab robotaxi and Megapack 3 battery system is also scheduled to begin in 2026.
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In January, Tesla said it has planned to more than double capital spending this year to more than $20 billion, with investments focused on factories for semi-trucks, Cybercab autonomous vehicles, Optimus humanoid robots, battery and lithium production.
(Reporting by Preetika Parashuraman in Bengaluru; Editing by Sumana Nandy)