Musk - time for Tesla Semi to get on the road


Tesla (TSLA) has dethroned Toyota to become the world's most valuable automaker with its stock recording a new high at $1,000 per share. Musk confirmed via Twitter that the memo was real. Shares were $1,009.84 at 10:50 a.m. ET.

The American carmaker's current stock value is rated at $1,025.05, and its market valuation jumped to over $180 billion.

'Production of the battery and powertrain will take place at Giga Nevada, ' Musk wrote, adding that most of the other work will probably take place in other states, though he didn't specify where in the email.

The Chinese battery supplier, which has leading carmakers like Tesla, BMW and Daimler as clients, told China Daily that the new battery is capable of powering an electric vehicle for 2 million kilometers and will last 16 years.

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The email seen by Reuters stated: "We're happy to get back to work and have implemented very detailed plans to help you keep safe as you return".

When Musk unveiled the prototype of the futuristic, battery-powered Semi in 2017, he said the Class 8 truck would go into production by 2019. During the initial debut, Musk promised the truck would drive like its other passenger vehicles, the Model X, Model S and Model 3. Apparently, battery production has really ramped up, especially considering that Model Y production just began last quarter.

As Futurism points out, much like the Crew Dragon's module, the driver's seat inside the Tesla Semi's futuristic cockpit is centered, allowing for the easy use of several touch screens. Eventually, the Semi faded from the company's earnings reports altogether.

Tesla's highly anticipated "Battery Day" will provide the next setting for Chief Executive Officer Elon Musk to announce a number of new potential developments, according to Ives.