Elon Musk, CEO of Tesla, recently announced that volume production of the Tesla Semi will be delayed until late 2024. This is a departure from previous expectations, as Tesla had initially aimed to produce 50,000 units of the Semi in 2024.
During a conference in Austin, as reported by the Wall Street Journal, Musk stated that volume production would not commence until the end of 2024, deviating slightly from the earlier plan of producing 50,000 units in that year.
In the Q3 2022 Earnings Call last year, Musk had outlined the production timeline, with ramping up Semi production throughout 2023 and initiating volume production in 2024, targeting the production of 50,000 units that year.
Musk acknowledged that battery constraints were a primary factor causing the delay in Semi production. However, Tesla is actively expanding its production facility in Nevada to support the manufacturing of the electric trucks. The company has invested $3.6 billion in this project, specifically designed to facilitate battery and electric semi-truck production.
Tesla is also accelerating vehicle production by establishing new manufacturing plants, including one in Mexico, which is expected to break ground before the end of this year.
Nevertheless, several companies have already placed orders for the Tesla Semi, including Walmart, Anheuser-Busch, UPS, DHL, and others. The delay in volume production may result in a postponement of their initial delivery dates. However, once available, the Semi trucks will contribute to the development of more sustainable commercial fleets for companies like PepsiCo, which has already received the first units of the Semi.
During a conference in Austin, as reported by the Wall Street Journal, Musk stated that volume production would not commence until the end of 2024, deviating slightly from the earlier plan of producing 50,000 units in that year.
In the Q3 2022 Earnings Call last year, Musk had outlined the production timeline, with ramping up Semi production throughout 2023 and initiating volume production in 2024, targeting the production of 50,000 units that year.
Musk acknowledged that battery constraints were a primary factor causing the delay in Semi production. However, Tesla is actively expanding its production facility in Nevada to support the manufacturing of the electric trucks. The company has invested $3.6 billion in this project, specifically designed to facilitate battery and electric semi-truck production.
Tesla is also accelerating vehicle production by establishing new manufacturing plants, including one in Mexico, which is expected to break ground before the end of this year.
Nevertheless, several companies have already placed orders for the Tesla Semi, including Walmart, Anheuser-Busch, UPS, DHL, and others. The delay in volume production may result in a postponement of their initial delivery dates. However, once available, the Semi trucks will contribute to the development of more sustainable commercial fleets for companies like PepsiCo, which has already received the first units of the Semi.
