Tesla unveils its electric 'semi' truck, and adds a roadster

Tesla unveils its electric 'semi' truck, and adds a roadster

Both the Tesla Semi and Tesla Roadster were unveiled by billionaire entrepreneur Musk during an event in California last night, 16 November 2017.

The base model will go from zero to 60 miles per hour in 1.9 seconds, making it the first to break that mark in under 2 seconds, and go from 0-100 mph in 4.2 seconds, making it the fastest in that category as well, Musk said.

Investors prodded Tesla's shares 2% higher in early trade in NY, shrugging off worries it was over-stretching itself with the new futuristic trucks and pricey sports auto launched in a glitzy event in California yesterday.

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Tesla hasn't released a price for the Semi, but the Roadster will cost at least $200,000 depending on the options chosen, the company says. "A diesel truck will be 20 percent more expensive than a Tesla truck per mile", said Musk.

Tesla this evening unveiled their Semi electric truck, which is "the safest, most comfortable truck ever", equipped with four independent motors.

The Tesla Semi is big on safety too and comes with a reinforced battery to keep it from exploding or catching fire in the event of a crash.

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The company is still working on production issues with its Model 3.

Tesla claims the electric costs of the Semi are half that of a traditional diesel semi truck, thanks to fewer systems to maintain (no transmission or brake pads to name a few), providing a number of over $200,000 United States dollars in fuel savings, and a two-year payback period. Demand for electric trucks is expected to grow over the next decade as the U.S., Europe and China all tighten their emissions regulations. Among them, Tesla claims its truck is better at climbing hills - able to retain speeds of 65 miles per hour on a five per cent gradient, while diesel versions can only reach 45 miles per hour.

Only after talking about the truck's speed did Musk mention its range. The cabin is tall enough for the driver to fully stand, while the driving position is also slightly centred.

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Tesla shares are up 51.46% this year.

On the morning after the unveiling, trucking and freight company J.B. Hunt announced that it had placed a reservation to buy "multiple Tesla Semi tractors", adding that it plans to use them mainly on the West Coast.

The semi's drive systems are guaranteed to last for 1 million miles, Tesla said.

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