Tesla's Semi factory in Nevada to have first trucks in production by end of 2025
Dan Priestley, who leads the Semi program at Tesla, said in a video posted to YouTube on Monday, that the factory has an annual capacity of 50,000 units, adding that the company will 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.
Tesla's plans to ship components from China for the Cybercab and the Semi in the United States were suspended after President Donald Trump raised tariffs on Chinese goods amid a trade war, Reuters exclusively reported earlier this month.
The EV maker was ready to absorb the additional costs when Trump imposed the 34 per cent tariff on Chinese goods, but could not do so when the tariff went beyond that, leaving shipping plans suspended.
Trump raised additional tariffs to 84 per cent on April 9 and has since increased that to 125 per cent, bringing the total tariffs on Chinese goods exported to the US to 145 per cent.
Tesla last week said that it would reassess its growth forecast in three months because it was "difficult to measure the impacts of shifting global trade policy on the automotive and energy supply chains" and that "changing political sentiment could have a meaningful impact on demand for our products in the near-term."
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
2 hours ago
- The Star
EU chief to meet Trump for trade talks
BRUSSELS, July 25 (Xinhua) -- European Commission President Ursula von der Leyen said on Friday that she will meet U.S. President Donald Trump on Sunday to discuss transatlantic trade. Von der Leyen said in a post on social media platform X that the two leaders had a "good call" and agreed to meet in Scotland to "discuss transatlantic trade relations, and how we can keep them strong." Trump told reporters before departing for Scotland that "I would say that we have a 50-50 chance, maybe less than that, but a 50-50 chance of making a deal with the EU." The president is on a five-day visit, during which he is expected to visit two of his golf resorts and meet British Prime Minister Keir Starmer. Earlier this month, Trump threatened to impose 30 percent tariffs on European Union (EU) goods starting Aug. 1, prompting Brussels to accelerate trade talks. Should talks fail, EU member states have backed a retaliatory tariff package on around 93 billion euros (109 billion U.S. dollars) worth of U.S. imports, due to kick in on Aug. 7. (1 euro = 1.17 dollar)
The Star
3 hours ago
- The Star
Over 100 Chinese enterprises target Zambia's premier show to boost business
LUSAKA, July 25 (Xinhua) -- About 100 Chinese companies are expected to exhibit at the 97th Agricultural and Commercial Show to boost business ties, the Zambia Chinese Association (ZCA) revealed on Friday. The enterprises will showcase their products and services under the Chinese Pavilion organized by the ZCA, during the event scheduled to run from July 30 to August 4 in Lusaka, the Zambian capital. This year's show will be themed "Adapting to Climate Change." ZCA General Secretary Wang Chunyan said the delegation will include about 80 enterprises already operating in Zambia, along with around 20 companies from China's Jiangxi Province. "It is a great platform to support China-Zambia economic cooperation and help Chinese companies grow," Wang said. She noted that the association has participated under the Chinese Pavilion for the past three years, a move that has yielded positive results for participating companies and strengthened business cooperation between China and Zambia. Bernard Moonga, president of the Agricultural and Commercial Cooperative Society of Zambia Limited, the organizer of the event, commended the ZCA for its sponsorship. According to Moonga, China is among the countries with the largest exhibitors at this year's show. The show presents an opportunity for Chinese enterprises to not only showcase their products but also forge new business relationships in Zambia, he added.
The Star
4 hours ago
- The Star
Motor racing-Piastri takes dominant sprint pole in Belgium
Formula One F1 - Belgian Grand Prix - Circuit de Spa-Francorchamps, Stavelot, Belgium - July 25, 2025 McLaren's Oscar Piastri reacts after qualifying in pole position for the sprint race REUTERS/Yves Herman SPA-FRANCORCHAMPS, Belgium (Reuters) -Formula One leader Oscar Piastri took pole position for the Saturday sprint by nearly half a second at the Belgian Grand Prix while McLaren teammate and title rival Lando Norris qualified third. Red Bull's reigning champion Max Verstappen will join Piastri on the front row for the first race since Christian Horner was dismissed as team boss and replaced with Laurent Mekies. Piastri lapped the Spa-Francorchamps circuit with a best time of one minute 40.510 seconds, 0.477 seconds quicker than Verstappen and 0.618 clear of Norris. The Australian is eight points clear at the top after 12 of 24 rounds. Ferrari's Charles Leclerc starts fourth but teammate Lewis Hamilton will line up 18th after a difficult afternoon for the seven times world champion, whose most recent win came at the same circuit last year with Mercedes. The Briton spun on his last flying lap while on course to go through, with the suspicion falling on a failure of the car's rear axle. George Russell, who finished first last year for Mercedes but was then disqualified for an underweight car, also struggled and qualified 13th. (Reporting by Alan Baldwin, editing by Christian Radnedge)
