Tesla set to unveil electric semi-truck in September

Tesla set to unveil electric semi-truck in September

Tesla set to unveil electric semi-truck in September

Tesla founder and CEO Elon Musk says the company will soon move beyond just electric sedans and SUVs to offer something bigger - much bigger.

Tesla's semi-truck finally has a launch date.

NEW YORK - DEC 14, 2016: Tesla CEO Elon Musk is seen in the lobby of Trump Tower on December 14, 2016, in New York. In his tweet, Musk said that his team "has done an fantastic job", calling the effort "seriously next level". He announced that Tesla would be unveiling an semi truck in September and a pickup truck in 18 to 24 months. Its lower-cost Model 3 electric auto is due out by the end of this year.

Last July, Musk said heavy-duty trucks were among the type of electric vehicles needed in the marketplace and that Tesla is expected to unveil their line of trucks later on this year.

There is however a strong hint from Tesla's Master Plan that makes it reasonable to assume these trucks will be packaged with an autonomous driving platform.

An official Tesla statement said: "We regularly engage with our shareholders and value their feedback".

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The addition of a pickup to Tesla's lineup would allow the company to capture USA demand for utility vehicles, and put a new face on the Silicon Valley company known for sleek, pricey electric sedans.

Tesla Inc stock rose by $7.16 or 2.41 percent and closed at $304.00 but the newest announcement could push it even further.

This put the company ahead in market capitalization of much larger vehicle companies such as Ford and General Motors.

According to sources, Tesla rose 3.26 percent to a record high of US$312.39 on April 10.

Proponents believe Tesla's stock rally and high valuation are justified based on long-term expectations for growth.

Meanwhile Tesla is in line to start making in July of the Model 3, which is intended at the middle market, making the vehicle available to a broader swath of consumers. Earlier this week, Tesla briefly became the largest USA automaker by stock market value, surpassing General Motors Corp.

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