Tesla (TSLA) has officially begun production of its new fully electric semi-truck.
The company led by CEO Elon Musk says the first semi-truck rolled off the production line at its Sparks, Nevada manufacturing facility on April 30.
Tesla had been producing the semi-truck in limited quantities for testing purposes only. But now, salable versions have gone into production and are coming off the assembly line.
The semi-truck was first announced in 2017, with missed production target dates of 2019 and 2020, before Tesla started its pilot test phase in 2022.
Tesla said the fully electric trucks will come in two trims: the standard range with 325 miles and the long range with 500 miles of drivability before needing a charge.
Musk has quoted $260,000 U.S. as the cost of the standard version, and $290,000 U.S. for the long-range variant of the commercial truck.
While not for consumers, the semi-truck is the first new electric vehicle model from Tesla to enter production since the Cybertruck in 2023.
The semi-truck comes to market ahead of several other promised vehicles from Tesla, including a low-cost electric sedan and self-driving robotaxis.
TSLA stock has declined 10% this year to trade at $393.73 U.S. per share.
Tech Insider
