TSLA Stock Price Forecast: PepsiCo has taken delivery of Tesla’s first all-electric semi-trucks, which were manufactured by Tesla and owned by Elon Musk. It is a moment that has been a long time coming as the manufacturer of electric vehicles goes outside the realm of passenger transport; nevertheless, issues still linger over cost, production, and exactly how large the semi may become for the company.
However, it is crystal evident why Tesla (NASDAQ:TSLA) is creating the truck in the first place. Carbon dioxide is the primary gas that is blamed for global climate change, and traditional semi trucks are responsible for producing a lot of it.
Musk made an appearance onstage at a ceremony held on Thursday to honor the first delivery of a Tesla Semi, which was initially anticipated to take place in 2019. The event occurred at Tesla’s plant in Sparks, Nevada, where the trucks are assembled. Next door to Tesla’s gigafactory, which manufactures batteries, battery packs, and drive units, is a business that assembles semi-trucks.
Musk stated, “We made the world debut of the Tesla Semi five years ago.” Tonight marks the delivery of our very first manufacturing Tesla Semi trucks, and we couldn’t be more thrilled about it.
PepsiCo (PEP), which makes soft drinks and snacks, placed an order for 100 models in 2017, and the company has stated in the past that it plans to have 15 vehicles operational by the end of this year. Neither Tesla nor PepsiCo (PEP) has commented on the number of models that have been delivered.
In addition, there was no new information regarding the anticipated manufacturing. During a recent trial regarding Musk’s salary plan, Tesla Chairwoman Robyn Denholm testified that the business might produce somewhere between one hundred and one hundred this year.
Musk pointed out during the delivery ceremony that even though it is a tiny number of vehicles, semi-trucks are responsible for approximately 20% of the carbon emissions produced by the transportation sector in the United States. It is possible for a semi-truck to travel up to 100,000 miles in a single year, which is nearly ten times further than the average passenger vehicle will go.
According to Tesla, trucks are responsible for around one-third of the total particle emissions. Musk stated that this would have a “big impact” on the population’s health.
In addition to being powered by batteries, the vehicle also has several other outstanding technological features. The semi-truck is fitted with an immersion cooling system and a one-megawatt direct current charger. In around 30 minutes, it can deliver a range of 350 miles. Musk has stated that the charging system will be implemented on the Cybertruck once it is operational.
The electric semi-truck from Tesla has been proven to have a range of up to 500 miles on a single charge. There was, however, no new information regarding the estimated cost of the Semi, which was estimated to be $180,000 for a model with a range of 500 miles and $150,000 for a version with a range of 300 miles in 2017. Since then, Tesla has implemented significant price increases across the board for its passenger vehicle models.
On Thursday, Baird analyst Ben Kallo stated that Tesla aimed to produce 50,000 semi-trucks annually by 2024. This was responsible for 5 and 10 percent of Tesla’s overall sales that year.
The market for electric semi trucks will not be entirely controlled by Tesla. In March, Nikola (NKLA) announced that it had started manufacturing its battery-electric commercial truck. Hyliion (HYLN) has developed its hybrid vehicle technology, while traditional truck manufacturers like Paccar (PCAR) are also investing in battery technology.\
Impact on the TSLA Stock Price
The delivery event did not appear to have much of a positive impact on Tesla stock (TSLA stock). During the premarket hours, the stock declined by approximately 2%. Futures contracts for the S&P 500 and the Dow Jones Industrial Average experienced losses of approximately 0.1% and 0.2%, respectively.
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Author Valerie Remorosa 
