Tesla will begin handing the all-electric Semi truck to customers this week after years of delays, but the milestone has not lifted the stock. Shares slipped as investors focused on how big the truck's initial rollout will actually be.
Tesla will begin deliveries of its Semi truck this week, and shares fell 1.17% as the long-delayed launch approaches. Volume production of the Semi officially started on Thursday.
CEO Elon Musk unveiled the heavy-duty Semi in November 2017, when Tesla planned to start production within a few years. Instead, the company repeatedly pushed the launch back, a delay that kept it out of the long-haul freight market on its original timeline.
Autonomous trucking represents a compelling opportunity for Tesla, but it remains unclear what the company's initial Semi delivery targets look like. That uncertainty appears to be weighing on investors even as deliveries approach.
Source: MarketWatch.com (snippet-based)
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