Elon Musk says Tesla semi truck to debut in September

Elon Musk says Tesla semi truck to debut in September

Tesla founder and CEO Elon Musk says the company will soon move beyond just electric sedans and SUVs to offer something bigger - much bigger.

"Team has done an unbelievable job", Musk tweeted Thursday of the semi truck. Team has done an wonderful job.

He also teased that it will be "seriously next level" and briefly discussed the upcoming Tesla pickup truck and next-gen Roadster...

Furthermore, following Tesla's delivery of 76,000 vehicles in 2016, the electric auto giant has indicated that it expects to produce more than 5,000 Model 3 sedans per week by the end of 2017, and provide 47,000 to 50,000 Model X and Model S cars combined in the first half of the current year.

Musk also responded to a question on Twitter about the company's vision for a "new kind of pickup truck" mentioned in master plan revision.

No information was revealed with regards to whether the semi-truck will be self driving or not.

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"This investor group should buy Ford stock", Musk tweeted.

Daimler, Mercedes' parent company, first showed off its electric truck in November.

Tesla has already established itself in the luxury vehicle business, but now it has its eyes set on the US's most popular type of truck.

Following Musk's tweets Thursday afternoon, Tesla stock was trading up 2.7 percent at $304.87 per share. The company is now designing, developing, and manufacturing the highly anticipated model three midmarket sedan, which will be the companies cheapest and most affordable automobile yet. And by doing so, the company went past General Motors in terms of market valuation for a small time to end up becoming the most valuable USA automobile company. They also believe the maker of the Model S and Model X should create a barrier between the board and Musk, who owns more than 20 percent of the company. Earlier this week, Tesla briefly became the largest USA automaker by stock market value, surpassing General Motors Corp. An 80,000-pound truck would need a veritable order of magnitude more batteries for energy storage and a fast charge network to match.

Tesla's valuation rose after Piper Jaffray analyst Alex Potter on Monday upgraded Tesla's stock from a price target of $223 to $368. The five investors recently sent a co-signed letter, demanding for the appointment of new independent board members, to Tesla director Anthony Gracias.

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