Elon Musk Says Tesla Will Reveal A Semi Truck In September

"More so than any stock we've covered, Tesla engenders optimism, freedom, defiance and a host of other emotions that, in our view, other companies can not replicate", Potter said in an analysis. However, Tesla may run into issues with the new models because it does not now have facilities to manufacture trucks or semis. As we previously reported, Musk put Tesla's Vice President of Vehicle Programs, Jerome Guillen, in charge of the automaker's all-electric heavy truck program.

In a blog post a year ago about long-term next goals for the company, Musk wrote about plans that included making an electric heavy-duty truck and a "high passenger density urban transport" vehicle, presumably a bus.

Musk didn't mention autonomous driving technology directly, but it's likely to be included in some form, considering Tesla's cars are so far down the self-driving road.

"Tesla Semi truck unveil set for September", Musk wrote on Twitter.

The decision to release an EV pickup truck makes sense in the United States market, where the three most popular cars sold are all pickups.

Though Tesla has built its image on electric vehicles aimed at the consumer space, long term success is going to depend on Tesla tackling the commercial space as well.

Among the most hotly anticipated products announced by Tesla is the Model 3, a mid-range battery electric EV which many believe could corner, as well as expand this market.

In response to a question about when fans may see the completed version of the Model 3 sedan, scheduled for delivery to the first pre-order customers later this year, Musk simply answered "July".

Earlier this week, Tesla recently became the most valuable U.S. auto company, passing General Motors for the top spot after blowing past Ford last week.

Tesla Inc (NASDAQ:TSLA) stock shot up by more than three per cent to $312.39 per share in contrast with GM's valued at $33.97 and Ford's which are worth just $11.25 per share.

  • Zachary Reyes