Latest news with #TeslaSemis
Yahoo
22-05-2025
- Automotive
- Yahoo
Tesla makes long-awaited announcement about new vehicle that has fans talking: 'Wish this was happening several years ago'
A recent update from electric vehicle giant Tesla has provided a launch window for its long-awaited semi truck. A post on the social platform X was shared to the r/teslamotors subreddit with the headline, "Tesla Manufacturing: RT @tesla_semi: Semi Factory progress update." The first Tesla Semis from the new facility are due to be rolling off production lines this year, according to engineer Dan Priestley. The Semi factory is still under construction in Nevada, but walls, pillars, and the ceiling are all up. While they are preparing the facility for high-volume production, it will take time to ramp up to the ultimate goal of 50,000 Semis a year. The Tesla Semi was announced eight years ago, and a few have been on the road since then in pilot program capacities. Priestley says these use cases show that "electric trucking is ready for scale." Early adopters have voiced glowing reviews. Medium- and heavy-duty trucks are the source of 23% of U.S. transportation pollution, according to the EPA, so electrified alternatives are welcome. The sooner industry can disconnect from dirty energy sources like gas, oil, and coal, the more quickly it can mitigate extreme weather patterns, warming oceans, and loss of sea ice. Best of all, EVs are much cheaper to operate. Tesla estimates Semi owners can save $200,000 in fuel costs over three years of operation. Despite the potential good Tesla stands to do both in commercial and residential transportation, CEO Elon Musk has recently been a challenge to the brand's image as a result of polarizing political activity that has appeared to shrink the company's market of eager customers. Some Tesla owners have taken to disguising their vehicles for fear of vandalism. Some Tesla charging stations have been severely damaged. Sales have been dropping precipitously. The benefits of EVs apply equally to consumers, regardless of the brand they buy from. If you've already made the switch to an EV, adding solar panels to your home can help you save even more. By driving with homegrown electricity, you avoid pollution created from a dirty grid, save money on monthly utility bills, and build up resilience in the face of outages. EnergySage has a free tool that can help EV owners find vetted local solar installers. Those technicians can provide a free quote and save homeowners up to $10,000 in installation costs. Reddit commenters had tempered expectations for the Tesla Semi rollout. "Awesome. Wish this was happening several years ago, but better late than never. (The Tesla way.)," one community member said. What do you think of Tesla and Elon Musk? Elon is the man Love the company; hate the CEO I'm not a fan of either I don't have an opinion Click your choice to see results and speak your mind. "I think there is also not a rush on these because they need the new charging infrastructure for these," another said. "They would also be battery limited at 50k semis right now, so I think they're ok with taking another 2-3 years to get to 50k/year." Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
Yahoo
11-04-2025
- Automotive
- Yahoo
Tesla Semi deliveries delayed again
The long-awaited debut of the Tesla Semi is running late, according to Electrek, which obtained a letter from Ryder to California's Mobile Source Air Pollution Reduction Review Committee (MSRC). The letter is part of a 28-month contract extension request with MSRC, which awarded Ryder funding to deploy Tesla Semis and Megachargers to two California facilities. According to the letter, 'This extension is needed due to delays in Tesla product design, vehicle production and dramatic changes to the Tesla product economics. These delays have caused us to reevaluate the current Ryder fleet in the area.' Additionally, Ryder reduced its commitment from deploying 42 Tesla Semis to 18. For EV infrastructure, work will resume in Q3 2025 for site inspections, with groundbreaking targeted for Q2 2026. One of the reasons for the infrastructure delay was Tesla's requirement for 600kW chargers instead of the originally engineered 750kW units. Clean Trucking reports the Tesla Semi was originally priced back in 2017 at $150,000 for the 300-mile range version and $180,000 for 500-mile range. The delay comes against the backdrop of Tesla's continuing to build out its Gigafactory Nevada for the Semi expansion, slated to start production sometime in 2025. Trever Milton, founder of Nikola who was recently pardoned after being convicted of securities fraud, is looking to reunite with his former company by buying some of its assets from its bankruptcy. Tech Crunch reports that according to court filings and a person familiar with the matter, Milton placed a bid but got a 'frosty reception.' The filings, reported by the Phoenix Business Journal, showed Nikola stopped Milton from personally inspecting Nikola assets at its Coolidge, Arizona, facility earlier in the month. According to a filing on April 4, a Nevada entity known as ISSO LLC submitted a bid for Nikola assets on March 21. Tech Crunch adds, 'As part of the bid process, Nikola agreed to let ISSO inspect the factory. But the company refused to allow video or pictures to be taken and prohibited a specific ISSO representative from entering the factory.' The name of the representative was redacted from the filing, but other documents in the past submitted by ISSO LLC in state filings had Milton's father, Lance Milton, and one of Milton's lawyers, Troy Wallin, listed. The bankruptcy auction was held on Monday but at the time of writing it is unknown if ISSO LLC was successful in securing any assets. EV startup Canoo is again in the news, but this time it's over who gets the recently bankrupt company's assets. Canoo filed for bankruptcy in January after unsuccessful attempts to get financing from the U.S. Department of Energy's Loan Program Office. By March, Tech Crunch wrote that according to court filings, an entity controlled by Canoo CEO Anthony Aquila offered to purchase 'substantially all' of the assets for $4 million in cash, also wiping away the over $11 million debt Canoo owed to Aquila via a financial firm he ran that lent the startup money during the final months of its operation. By the end of March, EV medium-duty truck maker Harbinger filed an objection to the sale of Canoo's assets to Aquila and accused Canoo of hiding assets including ones from Arrival, another bankrupt EV company that Canoo had purchased in March 2024. Tech Crunch reported, 'The objection is the latest twist in the rocky relationship between Harbinger and Canoo. Harbinger was created by a handful of former Canoo employees in 2021. Canoo sued Harbinger in late 2022, alleging that those employees absconded with trade secrets.' By Thursday, the judge overseeing Canoo's bankruptcy case approved the sale of Canoo's assets to Aquila for around $4 million in cash. The judge cited his belief that the process was fair, as no one but Aquila had made a bid. With the purchase approved, the pending lawsuit takes another twist. The trade secret case with Harbinger was still active at the time of Canoo's bankruptcy, with Aquila gaining an interest in any settlement if Harbinger is required to pay Canoo. Compounding the confusion, Tech Crunch adds, 'One particular clause of the purchase agreement states that Aquila and the trustee have effective approval over any settlement in the Harbinger case. Harbinger argues this could violate the Department of Justice's handbook for Chapter 7 trustees.' A recent report by NGO Energy Vision found that renewable natural gas is the most suitable replacement for diesel trucks. Commercial Carrier Journal reported that the study looked at non-fossil fuel alternatives including battery electric, renewable diesel from vegetable oils and animal fats, and compressed natural gas trucks running renewable natural gas from organic waste. Of those options, the RNG made with organic waste was the winner. Electric vehicle maker Lucid Group Inc. announced Friday it had reached an agreement to acquire select facilities and assets in Arizona that previously belonged to Nikola Corp. The deal does not include acquisition of Nikola's business, customer base or technology related to Nikola's hydrogen fuel cell electric trucks. Lucid also plans to offer employment to over 300 former Nikola employees in roles across Lucid's Arizona facilities. Lucid takes over Nikola's former Coolidge, Arizona, manufacturing facility as well as its Phoenix facility, which was Nikola's headquarters and product development center. The post Tesla Semi deliveries delayed again appeared first on FreightWaves.
Yahoo
12-03-2025
- Automotive
- Yahoo
Tesla (NasdaqGS:TSLA) Declines 15% As Musk Denies Interest In Nissan Investment
Amid recent speculations and statements, Tesla saw a 15% decline in its share price over the last week. This downturn occurred despite the broader market's slight recovery, driven partly by a favorable CPI inflation report and invigorated technology stocks. A high-level Japanese group advocating for Tesla to invest in Nissan, and the subsequent stock market reaction, formed a backdrop of uncertainty following Nissan's merger pullout with Honda. Tesla CEO Elon Musk's denial of interest in such a merger did little to dispel the market's apprehension. Moreover, the announced agreement with WattEV for Tesla Semis highlights ongoing operational ambitions. Against a backdrop of economic concerns, including tariff-induced uncertainties and a potential recession, the company's performance reflected the strains of broader market fluctuations and industry-specific challenges, despite a general upward trend in technology stocks. Assess the potential risks impacting Tesla's growth trajectory—explore our risk evaluation report. Want Some Alternatives? Explore top quantum computing companies leading the revolution in next-gen technology and shaping the future with breakthroughs in quantum algorithms, superconducting qubits, and cutting-edge research. Over the past five years, Tesla's total shareholder return has been a very large 703.97%. This remarkable performance reflects its ability to maintain robust earnings growth despite recent challenges. Tesla has become profitable, growing earnings by 43% annually over five years, a key factor underpinning this substantial return. The forecast of Tesla's earnings growing faster than the US market suggests optimism in its long-term growth trajectory. Comparatively, its return over the past year surpassed both the US market and the auto industry, emphasizing its leading position in the sector. Recent events include legal challenges and mergers and acquisitions (M&A) discussions, affecting investor sentiment and reflecting broader operational dynamics. Discussions concerning potential investments in Nissan have shaped market perceptions, while positive steps like agreements for expanding Tesla's charging network with partners such as General Motors and Subaru indicate strategic moves to enhance EV infrastructure. Earnings announcements revealed mixed results, with a decline in sales and net income in late 2024, influencing short-term market responses. Is Tesla part of your asset mix? Tap into the analytical power of Simply Wall St's portfolio to get a 360-degree view on how they're shaping up. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NasdaqGS:TSLA. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Yahoo
21-02-2025
- Automotive
- Yahoo
All-electric semi truck achieves first-of-its-kind feat: 'Progress is 100% being made'
The new year brings new ideas and innovations. With the rise of electric vehicles into the mainstream automotive industry, progress in features, convenience, and affordability have been prioritized. Industry giant Tesla continues this focus with enhancements to the company's Tesla Semi. According to Teslarati, the Tesla Class 8 all-electric semi truck was spotted being tested with twin tandem trailers in Nevada, apparently for the first time. As twin tandem trailers usually pertain to two containers being pulled by a single truck, the transportation of various goods is made more efficient. Tesla Semi First - Two Tesla semi's pulling tandem trailers. I see lots of Tesla semi's around Giga Nevada but this is a first. Tesla is now testing tandem trailer configuration. Triples are legal in Nevada. Probably won't be long until we see them testing them. — Zanegler (@HinrichsZane) January 5, 2025 As Tesla Semi advocate Zane Hinrichs (@Zanegler) noted on X, previously known as Twitter, the Tesla Class 8 twin trailers tests signal the opportunity to test triple trailers in the near future. "Tesla is now testing tandem trailer configuration. Triples are legal in Nevada. Probably won't be long until we see them testing them," wrote Hinrichs. The Tesla EV has demonstrated exciting capabilities in recent years. The company says it can travel up to 500 miles on a single charge and has an energy consumption of 2 kilowatt-hours per mile. Despite first deliveries dating back to 2022, the EV is manufactured in limited quantities. But a dedicated Tesla Semi factory is expected to complete construction in 2025, anticipating the mass production of up to 50,000 Tesla Semi vehicles annually. Tesla Semis have been making waves in the shipping and logistics industries, offering a cleaner and more efficient alternative to the traditional diesel-powered trucks. As the Tesla Semi has the ability to travel up to 500 miles on a single charge, it makes it a viable option for long-distance hauls. In addition, this trucking EV is good for haulage company wallets. According to the company, it is two times cheaper per mile to refuel compared to diesel trucks, which greatly reduces the operating costs for businesses. As EVs provide savings when it comes to maintenance and better air quality, the expansion of these models becomes a greater reality each and every day. If you were going to purchase an EV, which of these factors would be most important to you? Cost Battery range Power and speed The way it looks Click your choice to see results and speak your mind. "This is what's needed to make an impact in the Australian market," wrote one Teslarati reader. "GREAT TO SEE - progress is 100% being made," wrote another. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
Yahoo
21-02-2025
- Automotive
- Yahoo
Uncovered Tesla permit details how Tesla's massive Semi will be charged
As Tesla plans to produce its Semi en masse later this year, one nagging concern has been how it plans to charge those behemoths. According to an uncovered permit filing, Tesla is planning a 'Megacharger' station with 12 bays for its semi trucks and trailers. The station will also host a 1,600 sqft. "amenity building" with vending machines, a lounge, and restrooms for truckers to wait in while their trucks Megacharger will be located in Gardena, California, near the Port of Long Beach and several major freeways in southern California. It will be at the corner of Hamilton Avenue and Knox Street, near the interchange of the 405 and 110 freeways, two major thoroughfares for transporting goods in the greater Los Angeles area. Semis will enter through one of two entrances on Hamilton Avenue and can park in one of 12 bays. The plans suggest that trucks park facing the lone exit point, and the bays are slanted. There is the aforementioned amenity building, a bicycle locker, and eight employee parking spaces. A corporate center currently occupies the lot, which will be demolished to make room for the Megacharger. As the name suggests, the Megacharger can charge Semis at 1 megawatt (1,000 kilowatts). Tesla claims its Semis will have a 500-mile range and that the Megacharger can charge a Semi to 70 percent in 30 minutes. The Tesla Semi is currently being produced at Tesla's Gigafactory in Nevada. A handful are in the internal Tesla fleet, and a few have already been seeded to customers. As expected, the Megacharger connectors are massive, but the apparatus is the same as that on any EV. Tesla has a smaller, private Semi charger in Baker, California, which is about 200 miles from its incoming Gardena charger and about halfway between Gardena and Las Vegas, first announced the Semi in 2017 to mixed reviews. Many truckers deride its center-seat cabin, claiming it will be problematic for everyday tasks like handing paperwork out of the window or scanning a badge to enter a facility. The position of the doors, which sit behind the driver, makes these tasks even more difficult. The Semi is sleek, and the promise of a fast-charging semi truck with a decent range is enticing, but it's unlikely to totally disrupt trucking as we know it. It seems positioned more for short-haul routes, as traditional semis can go one thousand miles or further on a single fill-up. Tesla's Megacharger should be seen as a proof of concept, not a leap forward in EV semi-charging. The automaker has already mastered EV charging and has been privately charging its Semis for some time. Tesla seems to be working towards a series of Megachargers that can create short-haul advantages for it and its partners. If the economics at scale are favorable for large companies, expect to see branded Tesla Semis on southern California highways in a few years. Love reading Autoblog? Sign up for our weekly newsletter to get exclusive articles, insider insights, and the latest updates delivered right to your inbox. Click here to sign up now!
