The electric vehicle maker’s CEO told staff in an email that he wants to bring the Semi to “volume production.” The stock closed up 8.97 per cent on Wednesday, above $1,000 for the first time ever. (Reuters)
Talking point: The Semi, announced in 2017, was originally slated to go into production in 2019. Neither missing that target—something that’s been a repeat occurrence for Tesla on other highly-anticipated models—nor the fact that Musk didn’t provide a specific timeline on Tuesday appears to have dampened investor enthusiasm. The stock jump comes amid a week-long rally for shares of rival Nikola, which is also working on electric semi- and pickup trucks.