Tesla electric semi-truck coming in September 2017: Elon Musk

Gwen Vasquez
April 20, 2017

Surface resemblance aside, Musk and Tesla have taken steps lately to remind people that the Model 3 is not the top-end vehicle in Tesla's lineup.

Now in the United States, 3.5m people - or almost 1pc of the country's population - are employed as truckers.

Tesla's stock was roughly 3 percent higher in late trading, near $307 a share.

Tesla CEO Elon Musk announced today via Twitter that the Tesla semi-truck would be unveiled in September.

In a follow-on tweet Musk said a pickup truck would be coming in the next 18 to 24 months.

However, Musk's decision to begin building and manufacturing autonomous driving trucks should not come as a surprise.

Tesla did not immediately respond to Fortune's request for comment. The Tesla CEO did add that the company's engineers have done an "amazing job" on it and that the vehicle is "seriously next level". A Tesla representative would not offer further details on the plans.

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Daimler, Mercedes' parent company, first showed off its electric truck in November. The addition of a semitrailer and pickup would boost its lineup.

The appreciation in Tesla's share price come even as the electric vehicle maker encounters hurdles in its ambitious efforts to increase production levels.

The company is gearing up to build its widely anticipated Model 3 mid-market sedan. The world's most successful supplier of premium automobiles is using the technology from Grohmann, among other things, in the production of the innovative BMW i8 hybrid sports auto, which can also be viewed as a Tesla competitor in the widest sense.

Tesla admits that a new Roadster is more than a few years away.

Tesla's valuation rose after Piper Jaffray analyst Alex Potter on Monday upgraded Tesla's stock from a price target of $223 to $368.

At this stage, little is known of either except they are expected to be all-electric like all of the products from the company which eschews petroleum power.

Mike Jackson, the chief executive of dealership chain AutoNation, told The Wall Street Journal that Tesla was overvalued - and General Motors, by contrast, undervalued - after the former briefly eclipsed GM to become the most valuable USA automaker in trading early this week.

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