Tesla Semi enters volume production as 2027 rollout approaches
Automaker Tesla says it began volume production of its Class 8 electric Semi truck in the third quarter, marking a major milestone ahead of its planned 2027 commercial expansion. The post Tesla Semi enters volume production as 2027 rollout approaches appeared first on FreightWaves .
Tesla has initiated full-scale production of its electric Class 8 Semi truck at its Nevada factory, marking a significant step as the company readies for wider commercial deliveries in the U.S. and eventual entry into Europe in 2027. The electric vehicle maker disclosed this milestone in its third-quarter earnings report, stating the installation of a manufacturing capacity to produce 25,000 Semis annually at its Nevada facility.
During the company’s earnings call on Wednesday, Tesla CEO Elon Musk confirmed the commencement of production for the Tesla Semi-truck within the third quarter, describing it as their Class 8 heavy-duty truck. The company’s presentation for the quarter highlighted the Semi’s impressive range and energy efficiency, with the top variant capable of covering 500 miles on a full charge while maintaining a gross weight of 82,000 lbs and an energy efficiency of 1.7 kWh/mile.
This efficiency allows the Tesla Semi to consume a third less energy compared to a diesel truck hauling the same load. Despite the impressive specifications, Tesla did not disclose the number of Semis produced or delivered during the quarter, nor did it provide specific details on its current production rate. The company reported a revenue of $28.05 billion for Q3, which remained largely unchanged from the prior year, with adjusted earnings of 48 cents per share, a 4% decrease from the previous year.
GAAP earnings fell 44% to 22 cents per share, with net income declining 43% to $787 million. Operating income decreased 56% to $718 million, while operating expenses rose 39% to $4.78 billion. The company generated $1.53 billion in free cash flow and concluded the quarter with approximately $45.45 billion in cash reserves. Tesla’s expansion plans include targeting its first European customer deliveries of the Semi by the end of 2027, with initial demonstrations planned for the first half of 2027.
Currently, the European manufacturing of the Semi trucks is set to continue at the Nevada factory, pending decisions on establishing a dedicated plant.
Written by urgent.news from FreightWaves's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
