Get Ready for Semi Trucks, Cybertrucks to Lift TSLA Stock
Source: Christopher Lyzcen | Shutterstock.com Tesla (NASDAQ: TSLA ) stock is climbing this morning after CEO Elon Musk confirmed the company would start delivering its long-anticipated Semi Truck later this year. Musk also revealed that deliveries of the Tesla Cybertruck will kick off in 2023. Of course, this announcement is exciting for investors. But it’s not all good news for Tesla today. On a more negative note, Musk has unloaded nearly 8 million shares of TSLA stock this month. That amounts to about $6.9 billion. Here’s what TSLA investors should know moving forward. TSLA Stock: The Semi Truck and the Cybertruck Tesla first introduced the Semi Truck in 2017. A full-size semi with 500 miles of range , the electric vehicle (EV) maker initially said it would start producing the vehicle in 2019, according to Electrek . However, the automaker eventually delayed production of the EV until 2022 due to difficulties related to battery components. Now, though, Musk says the semi will start shipping this year.
Get Ready for Semi Trucks, Cybertrucks to Lift TSLA Stock
Source: Christopher Lyzcen | Shutterstock.com Tesla (NASDAQ: TSLA ) stock is climbing this morning after CEO Elon Musk confirmed the company would start delivering its long-anticipated Semi Truck later this year. Musk also revealed that deliveries of the Tesla Cybertruck will kick off in 2023. Of course, this announcement is exciting for investors. But it’s not all good news for Tesla today. On a more negative note, Musk has unloaded nearly 8 million shares of TSLA stock this month. That amounts to about $6.9 billion. Here’s what TSLA investors should know moving forward. TSLA Stock: The Semi Truck and the Cybertruck Tesla first introduced the Semi Truck in 2017. A full-size semi with 500 miles of range , the electric vehicle (EV) maker initially said it would start producing the vehicle in 2019, according to Electrek . However, the automaker eventually delayed production of the EV until 2022 due to difficulties related to battery components. Now, though, Musk says the semi will start shipping this year.