empty
 
 

2017.09.1502:00:00UTC+00Tesla Shares Rally after Musk Hints Reveal of Electric Semi-Truck

Tesla shares advanced by more than 3 percent in the last session after CEO Elon Musk said the automaker would introduce an electric semi-truck later next month.

Shares of Tesla ended the session trading at $377.64, $11.41 higher on the day.

On Wednesday, Musk announced via Twitter that the firm's “unreal” semi-truck was tentatively slated to be revealed in October. Earlier this year, Musk has stated that the semi would be unveiled in September.

The Tesla chief has also already disclosed some details regarding the project. During his speech at the company's annual shareholder meeting in June, the CEO said the carmaker has been working with its largest clients regarding the design of the semi-trucker so they know what Tesla is producing.

The truck is seen to be profitable for Tesla in the long run, namely if it uses automation or self driving technology, according to analyst Colin Rusch from Oppenheimer. He added that the potential market for semi-cab trucks in North America is estimated to be valued by as much as $30 million.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback