Tesla delays Semi production and deliveries until 2021 [CNBC]
Tesla, Inc. (TSLA)
Last tesla, inc. earnings: 4/29 04:11 pm
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Source: CNBC
Teslaearnings reportWhen Tesla unveiled the Semi to great fanfare in Nov. 2017, CEO Elon Musk said the battery-electric class 8 trucks would be delivered to customers in 2019. In months that followed, Tesla took pre-orders for the Semi, which initially required a $5,000 deposit. Later, Tesla upped the reservation fee to $20,000 per Semi.Companies includingAnheuser-BuschPepsiCoWalmartThe vehicle was seen as a potential competitor to traditional class 8 trucks and forthcoming electric offerings from other carmakers, like Daimler's Freightliner eCascadia and Volvo's VRN Electric.Last April, Tesla even used Semi prototype trucks to deliver cars to customers as a marketing stunt.But by its 2019 third-quarter earnings report, Tesla was tempering expectations, saying: "We are planning to produce limited volumes of Tesla Semi in 2020." And in the company's Q4 2019 earnings call in Jan. 2020, Elon Musk groused about the company's need to improve and lower the cost of making batteries for its v
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