Tesla to start volume production of Semi

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garsh

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I was wondering why the stock was up 5% pre-market this morning. Then I found this. :cool:

Sources:
https://finance.yahoo.com/news/tesla-start-volume-production-semi-111030114.html
https://business.financialpost.com/...o-start-volume-production-of-semi-trucks-memo

SHANGHAI, June 10 (Reuters) - Tesla Inc's chief executive Elon Musk said that it is time to bring its Semi commercial truck to "volume production", as the U.S. electric vehicle maker ramps up vehicle production after a brief virus-related shutdown.

"Production of the battery and powertrain will take place at Giga Nevada," Musk said in an email seen by Reuters.

He said most of the other work will probably take place in other states.

Musk did not specify a timeframe for the production.

The company did not immediately respond to a request for comment. (Reporting by Yilei Sun and Brenda Goh; editing by Louise Heavens Writing by Josephine Mason in LONDON)
 
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garsh

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I would categorize this as unconfirmed. Looks suspect.
Agreed. But I couldn't find any other breaking stories that would explain the sudden 5% bump in pre-market price.
Earlier this morning, the pre-market was slightly down, so I was quite surprised to see it swing wildly the other way.
 
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iChris93

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Agreed. But I couldn't find any other breaking stories that would explain the sudden 5% bump in pre-market price.
Earlier this morning, the pre-market was slightly down, so I was quite surprised to see it swing wildly the other way.
Yeah, I can agree that this is causing the swing but people might just be buying on the rumor, as they say.
 

Garlan Garner

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nice. I love it.

Can't wait for the cyber truck announcement. $2k stock price? I'll take it.
 

Jay79

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Let’s hope for one more split in 2021 before everything starts happening over the next few years.
 

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