But analysts still don't think it will be successful.
It's finally happening. After several delays due to the Model 3's well-publicized production issues, the much-anticipated reveal of the all-electric Tesla semi-truck is now only a few hours away. Elon Musk will be unveiling Tesla's first ever truck at a reveal event in California 8pm Pacific time. Details are still scarce, but analysts are starting to make their predictions ahead of its world debut. Previous reports have suggested the Tesla semi-truck will have a limited range of around 200-300 miles.
However, Inside EVs reports that Bernstein analysts Toni Sacconaghi and David Vernon are expecting the range to be 300-450 miles, which would back up Elon Musk's claims that the electric truck's final specifications are better than what reports have suggested. They also predict the semi-truck will be available in mid-2019. However, even if it does have a higher range than initial predictions, analysts don't think it will be a huge success because long-haul trucks typically have 500-600 miles of range, so Tesla will struggle to meet demands of the trucking market. Instead, the range will probably be better suited for regional trucking routes.
"On net, despite a potentially compelling value proposition, we do not see the Tesla Semi opportunity as a thesis changing initiative for the company, at least initially. It is somewhat unclear why the company needs another major initiative (beyond Model 3, forthcoming Model Y, battery production, solar roofs, and energy storage) on its already full plate," they said. Little is still known about the Tesla semi-truck, but Musk claims it will "blow your mind clear out of your soul and into an alternate dimension." That's a very bold claim, but fortunately we don't have to wait long to wait to find out if it lives up to these colossal expectations.