According to The Verge, most diesel trucks hover around $120,000 and cost tens of thousands to operate annually. The automaker asserts its “Semi” will help save $200,000 in fuel savings.
Tesla’s development of electric vehicles is a response to two areas: heavy-duty transport and urban passenger transport. Solving for heavy-duty transport, the 500-mile range could replace 80% of the market which requires truck transportation of a full load to a destination at least 250 miles away. Orders are already piling up reserved by carriers such as JB Hunt Transport and retailers like Walmart. Should these prices remain, Tesla could disrupt the industry.