
Tesla's Semi trucks to roll out from Nevada gigafactory by end of 2025
Advertisement
Dan Priestley, who leads the Semi programme at Tesla, said in a video posted to YouTube on Monday, that the factory had an annual capacity of 50,000 units, adding that the company would prepare for high volume production over the next few quarters.
'First units are set to be on the line by the end of this year, and we'll be ramping the factory throughout 2026,' Priestley said.
Tesla, which has been looking to build a truck-making business for years, had said it would have the Semi in production by 2019. In October 2022, CEO Elon Musk told investors that his goal was to make 50,000 Semis in 2024.
A sign marks the entrance to the Tesla Gigafactory in Nevada. Photo: AP
Tesla's plans to ship components from China for the Cybercab and the Semi in the US were suspended after President Donald Trump raised tariffs on Chinese goods amid a trade war, Reuters exclusively reported earlier this month.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


HKFP
an hour ago
- HKFP
CK Hutchison eyes inviting Chinese ‘major strategic investor' to Panama ports deal
Hong Kong conglomerate CK Hutchison said Monday it was eyeing inviting a Chinese 'major strategic investor' to join a US-led consortium negotiating the sale of its global ports business outside China, including operations at the Panama Canal. The firm said in March it was offloading the firms — including operations in the vital Central American waterway — to a group led by asset manager BlackRock for US$19 billion in cash. The sale was seen as a political victory for US President Donald Trump, who had vowed to 'take back' the Panama Canal from alleged Chinese control, prompting Beijing's ire. China's market regulator said in March it was reviewing the deal. '(CK Hutchison) remains in discussions with members of the consortium with a view to inviting (a) major strategic investor from (China) to join as a significant member of the consortium,' the group said in a stock exchange filing. The firm added that changes to the consortium's membership and deal structure will be needed for the deal 'to be capable of being approved by all relevant authorities'. CK Hutchison announced in March it was offloading its global ports business outside China — including operations in the vital Central American waterway — to a group led by asset manager BlackRock for $19 billion in cash. The sale was seen as a political victory for US President Donald Trump, who had vowed to 'take back' the Panama Canal from alleged Chinese control, drawing Beijing's ire. China's market regulator said in March it was reviewing the deal. CK Hutchison said Monday that the 'period for exclusive negotiations' mentioned in the March announcement had expired, but that discussions will continue. It did not name the major Chinese investor. China's biggest shipping company Cosco was set to join the consortium and was requesting veto rights or equivalent powers, Bloomberg News reported. Bloomberg Intelligence analyst Denise Wong told the outlet that 'ongoing negotiations and the reported inclusion of Cosco Shipping in the consortium have likely eased concerns over Chinese regulatory hurdles, strengthening investor confidence in the deal's viability'. CK Hutchison said it 'intends to allow such time as is required for such discussions to achieve' a workable arrangement. It said it had stated on several occasions that it 'will not proceed with any transaction that does not have the approval of all relevant authorities'. Its Hong Kong-listed shares climbed nearly one percent Monday, while Cosco rose 0.5 percent. The consortium's original structure was designed to pass control of CK Hutchison's two Panama ports to BlackRock's Global Infrastructure Partners unit, while the remaining ports will go to Italian billionaire Gianluigi Aponte's Terminal Investment Limited. AFP has contacted Cosco for comment. The Panama Ports Company, a CK Hutchison subsidiary, has managed the port of Cristobal on the canal's Atlantic side and Balboa on the Pacific side since 1997, via a concession from the Panama government.


South China Morning Post
3 hours ago
- South China Morning Post
Mainland Chinese hotel brands poised to reshape Hong Kong's hospitality scene, analysts say
Mainland Chinese hotel operators are expected to significantly increase their presence in Hong Kong's hotel industry , potentially replacing established brands in the coming years, according to analysts. Currently, Western and international operators dominate Hong Kong's hotel landscape, while Chinese ones have a minor presence. Among some of the more notable mainland players, BTG Homeinns operates both upscale and mid-market hotels in Hong Kong, including the Wharney Hotel in Wan Chai, Oasis Avenue in Tsim Sha Tsui, and Oasis Aurum 181 in Sai Ying Pun. However, mainland brands had significant potential for growth, said Hannah Jeong, executive director and head of valuation and advisory services at CBRE Hong Kong. 'The Chinese operators are increasing their footprint and it's a global trend,' said Jeong, adding that because 70 per cent of tourists in Hong Kong came from the mainland, Chinese hotels 'must show their presence' in the city. The shift reflects the growing ambition of Chinese hotel operators to expand beyond the mainland, which could give them a competitive edge in attracting hotel asset owners, according to CBRE. Tourists at the Observation Deck of the Peak Tower. Photo: Elson Li Hotel operations typically follow several business models, such as a master lease – where the hotel owner leases the asset to an operator – or hotel service management, whereby the operator manages the hotel on behalf of the owner.


South China Morning Post
19 hours ago
- South China Morning Post
Tesla executive says EV maker in ‘big swing moment' with autonomy, robotaxis, Optimus
Tesla engineering executive Lars Moravy said the company is in a 'big swing moment' with its forthcoming products as he gave a wide-ranging talk at a San Francisco Bay area gathering of customers and retail investors. Moravy, Tesla's vice-president of vehicle engineering, said he's personally most excited about Semi truck – built at the company's factory near Reno, Nevada – and called it key to the company's mission. He spoke at the 'X Takeover,' a day-long event in San Mateo on Saturday. 'We take big swings, and sometimes that risk can come with a lot of downside,' said Moravy, who has been with Tesla for over 15 years. 'We're in a big swing moment right now with autonomy, Robotaxis, with Optimus [humanoid robots] and with Semi.' Previous 'Tesla Takeover' events, sponsored by the Tesla Owners of Silicon Valley club, focused on the electric vehicle (EV) maker. This year's gathering, which drew scores of long-time Elon Musk fans, expanded to encompass SpaceX and the other companies in Musk's overlapping business empire. Musk also spoke via video conference. A Tesla robotaxi on the street along South Congress Avenue in Austin, Texas, on June 22, 2025. Photo: Reuters Moravy's appearance and remarks served as a rallying cry for fans of Tesla and Musk in the face of severe challenges across the core automotive business. Tesla is losing market share as sales of its ageing lineup fall in key markets around the world. That includes California, its former home where sales have declined for the last seven quarters.