Tesla to start volume production of semi trucks: memo
Battery, powertrain production to take place at Nevada factory
World Economic Forum Circular Cars Initiative Lead Levi Tillemann argues Tesla CEO Elon Musk could lead automotive industry into the environmental future with his Cybertruck.
SHANGHAI (Reuters) - Tesla Inc's chief executive Elon Musk said that it is time to bring its Semi commercial truck to "volume production," as the U.S. electric vehicle maker ramps up vehicle production after a brief virus-related shutdown.
"Production of the battery and powertrain will take place at Giga Nevada," Musk said in an email seen by Reuters.
He said most of the other work will probably take place in other states.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| TSLA | TESLA INC. | 338.74 | +18.02 | +5.62% |
Musk did not specify a timeframe for the production.
TESLA'S MUSK EARNS $770M IN STOCK OPTIONS, COMPANY CONFIRMS
The company did not immediately respond to a request for comment.
CLICK HERE TO READ MORE ON FOX BUSINESS
(Reporting by Yilei Sun and Brenda Goh; editing by Louise Heavens; Writing by Josephine Mason in LONDON)
GET FOX BUSINESS ON THE GO BY CLICKING HERE