Tesla Shares Drop as Nevada Semi Production Ramp and Deliveries Fail to Excite Investors

Tesla shares dropped nearly 2% following the launch event and start of customer deliveries for its all-electric Semi truck at its dedicated Sparks, Nevada plant. Market participants displayed caution over initial output schedules, scaling hurdles, and revenue targets. Tesla inaugurated high-volume production at the facility, targeting an annual capacity of 50,000 units. The heavy-duty commercial vehicle, which shifted to 4680 cells, features a 500-mile long-range version priced just under $300,000 and a 325-mile variant. Commercial momentum includes a 2,500-unit coalition order and a 500-unit agreement from Einride.