One Word Sends Tesla Shares Skyrocketing as Semi Trucks Go Into Production

Elon Musk confirms the veracity of a leaked memo.

By
Automotive 
23,422 Hypes 9 Comments

On June 9, a leaked memo from Tesla revealed that CEO Elon Musk had sent out a company-wide message announcing full-scale production of the Tesla Semi Truck. With no way to verify the authenticity of the memo, one Twitter user went directly to Musk to clarify if the memo was real and Musk offered one word in response: “Yes.”

Musk’s concise response was enough for Wall Street, which boosted Tesla share prices in early trading on June 10 by nearly 9 percent, yielding prices of $1,025.05 at 14:15 EST. As a result, the carmaker’s market capitalization has surpassed $190 billion USD. Since it debuted in November 2017, Tesla’s class 8 Semi has been the subject of much speculation among Tesla fans as they discussed rumored specs, like the ability to drive over 500 miles on a single battery charge carrying a full load at 65mph.

Tesla Semi Goes Into Production, Elon Musk Confirms truck shares rise class 8 electric

Tesla’s fourth quarter 2019 report revealed record sales numbers but also hinted that 2020 would see the Semi produced in “limited volumes.” This tightened production, which has already begun, gave the Tesla team enough time to tweak any kinks with the Semi; Musk’s memo reveals that the company is essentially satisfied with the state of the vehicle and preparing to begin volume production.

Note that Musk didn’t confirm a time or location where the Semi will be assembled (“We shall see…”) but expect it to begin this year. Read his brief missive below:

It’s time to go all out and bring the Tesla Semi to volume production. It’s been in limited production so far, which has allowed us to improve many aspects of the design. Production of the battery and powertrain would take place at Giga Nevada, with most of the other work probably occurring in other states. Jerome and I are very excited to work with you to bring this amazing product to market!

Meanwhile, Jay Leno recently drove Tesla’s other much-anticipated truck — the Cybertruck — through Musk’s Boring Company test tunnel.

Read Full Article

What to Read Next

AETHER Enters the Sneaker Market with New Dalton High-Top
Footwear

AETHER Enters the Sneaker Market with New Dalton High-Top

Constructed from Italian and Japanese leathers, and available in “Onyx,” “Nordic Navy” and “Duffle Green.”

Netflix Launches Black Lives Matter Collection With 'Moonlight,' '13th' and More
Entertainment 

Netflix Launches Black Lives Matter Collection With 'Moonlight,' '13th' and More

Highlighting powerful and complex narratives about the Black experience.

PUMA Prepares for Football's Global Return With New "Rise" Boot Pack
Footwear

PUMA Prepares for Football's Global Return With New "Rise" Boot Pack

Vibrant neon takes on the FUTURE 5.1 and PUMA ONE 20.1.


No Rome Releases "Hurry Home" Featuring Beabadoobee and Jay Som
Music

No Rome Releases "Hurry Home" Featuring Beabadoobee and Jay Som

A mellow track about a struggling relationship.

jeffstaple, Hiroshi Fujiwara and Futura Unite for Black Lives Matter Raffle and T-Shirt
Footwear 

jeffstaple, Hiroshi Fujiwara and Futura Unite for Black Lives Matter Raffle and T-Shirt

Your chance to simultaneously fight injustice and win a coveted grail.

Bob Marley’s “Live at the Rainbow” Will be Streamed on YouTube for the First Time
Music

Bob Marley’s “Live at the Rainbow” Will be Streamed on YouTube for the First Time

Raising funds for the Spotify COVID-19 Music Relief project.

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Help us serve you better

We appreciate your support in allowing HYPEBEAST ads, where we can share contents from the latest fashion, to those culturally relevant. In adding HYPEBEAST to your ad blocker's whitelist, ads on our sites will show while you continue to browse.

Help Support Us

We need ads to keep the lights on and to continue providing free news to our readers. We’d appreciate your support by whitelisting HYPEBEAST on your ad blocker. That way you can keep reading all the great stories for free.

If you have already whitelisted us, simply refresh this page. To find out how to whitelist us, click the button below.

Back

Add Us to Whitelist

We appreciate your support in allowing HYPEBEAST ads. Most ad blockers have similar whitelisting steps and settings. If you need assistance, please contact us.

Adblock Plus

  1. Click on the red ABP icon in the upper right corner of your browser.
  2. Click “Enabled on this site” to disable ad blocking for the current site. In Firefox click “disable on HYPEBEAST”.
  3. Refresh the HYPEBEAST page that you were viewing.

Adblock

  1. Click the AdBlock hand icon.
  2. Click “Don’t run on pages on this domain”.
  3. A new “Don’t run AdBlock on…” dialog may be displayed in the middle of the screen.
  4. Move the “Site” slider to the right. After that, click “Exclude”.
  5. Refresh the HYPEBEAST page that you were viewing.

uBlock

  1. Click the uBlock icon.
  2. Click the large blue “power” button in the menu that appears to whitelist the current website.
  3. Reload the HYPEBEAST page that you were viewing.

Firefox Browser

Firefox Tracking Protection may activate our whitelist notice, which can be disabled temporarily for a browsing session by clicking the shield icon in the URL bar and following the instructions.

Disconnect

  1. Click the Disconnect icon.
  2. Click “Whitelist site”.
  3. Refresh the HYPEBEAST page that you were viewing.