Elon Musk's Tesla Unveils Electric 'Semi' Truck And Roadster

Elon Musk's Tesla Unveils Electric 'Semi' Truck And Roadster

"This is the first time that any production vehicle has broken nine seconds in a quarter mile", Musk said.

Musk did not offer details about how Tesla would generate additional funds to deliver the semi-truck and the roadster, and overcome production problems that have hobbled production of the company's high-volume sedan, the Model 3. The truck is equipped with four electric motors capable of speed up to hundred in 5 seconds and a range of 805 kilometers.

The Tesla Roadster
The Tesla Roadster

But even if you love to drive fast, it's likely you'll never drive a Tesla Roadster, either - the new base model costs $200,000. Musk said several Tesla semis will be able to travel in a convoy, autonomously following each other.

Tesla guarantees it will not break down for a million miles.

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It said on Thursday that trucks could be reserved for $5,000 each.

Prices of the new Roadster start at $250,000 for the first 1,000 cars that will start production in 2020, with later models starting at $2,00,000. Customers can reserve a model with a $50,000 deposit. While the electric truck has the potential to change the logistics industry, the new Tesla Roadster gained a lot of attention because of Musk's claim that it would be the fastest production vehicle ever made. About 260,000 Class-8 trucks are produced in North America annually, and that market has a value of about $28.6 billion, said Don Ake, vice president of commercial vehicles at FTR, an industry economics research firm. Wal-Mart Stores Inc., the world's biggest retailer, said in an announcement on Friday that it has pre-requested five Tesla units in its Walmart US division and 10 units at Walmart Canada. "We believe electric trucks will be most beneficial on local and dray routes, and we look forward to utilizing this new, sustainable technology".

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But it's also placed an order with Tesla, which means it could pit the two vendors against each other as it races to its goal of a zero-emissions fleet by 2030.

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