Tesla Introduces Electric Semi Trucks at US$150,000

Tesla, the American giant, recently uncovered its electric semi range to great pomp and show. The four-motor truck array was announced to have a 500-mile range and a number of self-driving capabilities. However, Elon Musk, the company chief did not provide the costs of these trucks then, which, eventually, has been revealed now. The conventional varieties of the 300- and 500-mile trucks has been priced at US$150,000 and US$180,000, respectively. There is another series in line, named as the “Founders Series”, costing US$200,000 per truck. The company stated that the prices are anticipated to provide some room to wiggle on the final pricing of the trucks.

If those specs and prices stick around then Tesla has a possibly disruptive offerings with the Semi range. In general, long-haul diesel trucks have been priced approximately US$120,000 across the world and incur thousands of dollars to function every year. The giant automaker claims its all-electric Semi trucks will offer over US$200,000 in fuel savings only during the total lifespan of the truck. In June, 2017, McKinsey & Co. recorded that the costs of battery-pack, which is mainly driven by increasing demand for electric vehicles, declined to US$230/KW-hour in 2016 from nearly US$1,000 in the year 2010. Enterprises, having big fleets of trucks have begun to show interest already. Leading transport carriers, such as, NFI Industries, JB Hunt Transport Services, and Bison Transport, have already reserved trucks. Retailers, such as Loblaw, Walmart, and Meijer, are also in the league.