The base model will go from zero to 60 miles per hour in 1.9 seconds, making it the first to break that mark in under 2 seconds, and go from 0-100 mph in 4.2 seconds, making it the fastest in that category as well, Musk said.
On back of the new semi truck, the analyst maintains a Buy on Tesla stock with a $430 price target, which represents a almost 36% increase from current levels. Using four separate electric motors, the Semi will go from 0 to 60 miles per hour in five seconds, compared with 15 seconds in a diesel cab, Musk said.
Speaking onstage at the launch, Musk boasted his Tesla Semi was unlike "any truck that you've ever driven".
The electric carmaker promises to shake up the $700 billion trucking industry with the unveiling of its first semi-tractor trailer.
Trucking and freight company J.B. Hunt has already announced that it had placed a reservation to buy"multiple Tesla Semi tractors
Not related to the semi news, the analyst lessens his 2018 EPS expectations from ($0.89) to ($1.25) due to delayed Model 3 margin leverage along with corporate expenses while maintaining his forecast looking for a 95% year-over-year surge in revenue to $23 billion. This technology allows for automatic breaking, lane keeping and lane departure warnings. Tesla even claims any Semi can travel autonomously in convoy with other Semis. In addition, he surprised everyone with the debut of an updated Tesla Roadster.
The price tag on the semi truck is unknown for now.
The Tesla Semi is big on safety too and comes with a reinforced battery to keep it from exploding or catching fire in the event of a crash.
Tesla says if there is a crash and the vehicle doesn't hear from you, it will automatically call emergency responders. "These are business people, not fans, and they will need convinced that this truck is better for their balance sheet than existing technology". Elon Musk recently described it as "production hell".
What if we just made a mini version of the Tesla semi? "So far, that final element has eluded Tesla Motors, which makes it hard to see these vehicles as more than "what if" concept cars". "You will not be waiting for your truck to charge", Musk told the truckers in the audience. Hirsch said that the decision to have the driver sit in the center of the truck will improve the aerodynamics of the vehicle and that other truck manufacturers may follow suit. "A more appropriate target for the electric-vehicle maker would be the short-haul, or so-called last-mile delivery, which would benefit from regenerative braking, low noise and emission-free EV motoring". The company has a lot on its plate right now and the pickup truck likely doesn't rank high on the list of priorities, but it could come to life in the long run.