Tesla Inc's chief executive Elon Musk said that it is time to bring its Semi commercial truck to "volume production", as the US electric vehicle maker ramps up vehicle production after a brief virus-related shutdown.
The leaked email read, "It's time to go all out and bring the Tesla Semi to volume production. t's been in limited production so far, which has allowed us to improve many aspects of the design".
Musk, in an email seen by Reuters on Wednesday, did not specify a time frame for ramping up production of the Semi.
It seems that Elon Musk's Tesla company has a new rival in the auto market.
According to Tesla's website, Semi is powered by four independent motors and requires the "lowest energy cost per mile". Most of the other work will probably take place in other states, he wrote, without stating where.
Model 3 vehicles are being built at the USA auto maker's Shanghai factory.
Central Florida Under Flood Watch From Tropical Storm Cristobal
Overall, this is already our third named storm of this hurricane season, which officially began just six days ago. Cristobal is expected to maintain tropical storm strength through landfall later on Sunday.
Wall Street to Soar on Surprise Drop in Unemployment Rate
MSCI's broadest index of Asia-Pacific shares outside of Japan rose 0.9%, reversing early losses to stay near a 12-week high. USA official data showed that the latest Initial Jobless Claims declined to 1.877 million (1.843 million expected).
Second penumbral lunar eclipse of the year on Friday night
If not visible from a place, it is to note that there are multiple live streamings of the Strawberry Moon eclipse to take place. It's because it occurs in the short span of strawberry harvesting season in the north-eastern United States.
Now that payment deadlines have been relaxed due to COVID-19, the Moneycontrol Ready Reckoner will help keep your date with insurance premiums, tax-saving investments and EMIs, among others.
The share price surge comes after rival electric auto company, Nikola, surpassed the likes of Ford and Fiat Chrysler in value after its shares shot up as well.
Nikola, an electric and fuel cell truck startup, earlier this month began trading on the NASDAQ after it merged with special objective acquisition company VectoIQ.
Nikola and CNH Industrial's IVECO commercial truck operation formed a joint venture to build a battery electric and fuel cell truck line called the Nikola Tre a year ago. The company is also working on a fully-electric pickup truck dubbed "Cybertruck" which was showcased last year, and is expected to hit the markets by late next year.
In another coincidence, Nikola announced Wednesday that former Tesla director of manufacturing, Mark Duchesne, would be its new global head of manufacturing.