Things to Know About the Electric Tesla Semi Truck

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Plus don't forget that Tesla also has the new Semi to get into production before the new Roadster.

A workhorse truck and a new supercar are in the works for Tesla, after founder and CEO Elon Musk introduced his company's latest effort to widen the USA market for electric vehicles Thursday night. Stepping into the delivery ring is Tesla Founder and CEO Elon Musk, whose previous vehicle and SUV models have been a continued success.

The Tesla Semi won't go into production until 2019, but Tesla founder Elon Musk said the lorry will be cheaper to run than a diesel alternative and will travel up to 500 miles at maximum weight at motorway speeds.

Tesla reveals electric lorry to revolutionise haulage

This is a sign of how the Tesla Semi could make a bigger impact than many might suspect on the trucking industry. The company is promising that the truck won't break down for a million miles, pointing to the fact that even if two of the four electric motors were to stop working unexpectedly, the remaining motors could still keep the Semi running. Regenerative breaking means brake pads never have to be replaced, according to the company.

Those factors, among others, have caught the attention of a few big names in haulage.

However, the Tesla chief did not reveal the truck's purchase price.

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But while this vehicle might seem impressive, the electric truck market is already competitive. The industrious automotive titan first partnered with Meijer before making plans with J.B. Hunt Transport Services, Inc., and Walmart, lifting the flag to signal that the race is on for finding new, sustainable ways to deliver goods.

Tesla's last debt sale in August was well received in a hot bond market, allowing the company to upsize the offering to $1.8 billion from $1.5 billion.

Cost of vehicle is definitely a consideration, and Tesla hasn't said much about what the trucks will retail for once available, but cost of operation is something they addressed, saying it's below that of diesel Class 8 heavy duty vehicles. "We believe we can learn how this technology performs within our supply chains, as well as how it could help us meet some of our long-term sustainability goals, such as lowering emissions".

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What could be particularly appealing to fleet operators is the Tesla Semi's tight integration with management services and applications. Regulations require commercial trucks to be sidelined if their windshields are cracked in a way that could affect the driver's view.

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