Tesla Inc is trending after the market close on Wednesday after the company provided an update on the long-awaited Tesla Semi.

Tesla High-Volume Semi Production Begins

In a social post on X late Wednesday, Tesla announced that its first Tesla Semi has rolled off the high-volume production line.

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“First Semi off high volume line,” Tesla said in the post, which featured an image of Tesla workers inside the company’s Semi production facility.

Tesla built the dedicated Semi factory near Reno, Nevada. Volume production of the Semi kicked off in March, according to a Teslarati report.

Tesla first unveiled the Semi in 2017. The company is reportedly developing a standard range model for $260,000 and a long range model with a starting price of $290,000. Tesla is targeting production of 50,000 Semis per year. According to the company’s website, deliveries are slated to start this year.

Image: Shutterstock.com

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