Tesla (TSLA) Is Getting Ready to Bring Its All-Electric Semi Truck to Europe

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EV maker Tesla TSLA -2.38% ▼ is getting ready to bring its all-electric Semi truck to Europe, with CEO Elon Musk suggesting that the heavy Class 8 vehicle could arrive around 2027. He shared this update during an interview about Giga Berlin with plant manager André Thierig, which Tesla later posted on X. During the discussion, Musk said that the Semi is already being rolled out and that it should reach Europe “hopefully next year.” At the same time, Tesla has already started limited production and deliveries of the Semi in the United States and is working to increase output at its factory near Giga Nevada.

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Because production is scaling up, expanding into Europe appears to be the next logical step. However, Musk’s use of the word “hopefully” shows that the timeline is not guaranteed and could change. Even so, the statement indicates that Europe is a key target for Tesla’s future growth. Musk also said he believes that all ground transportation should eventually become electric, with ships and even airplanes expected to follow later. As a result, this makes the Semi especially important to achieving this goal because heavy freight trucks are among the biggest sources of road emissions.

Unsurprisingly, European regulators have been pushing companies to reduce pollution from commercial vehicles, which could increase the demand for electric trucks. In addition, Tesla’s Standard Semi model can travel about 325 miles on a charge, while the Long Range version can go up to 500 miles. Therefore, both models should be capable of handling many typical trucking routes across Europe.

What Is the Prediction for TSLA Stock?

Turning to Wall Street, analysts have a Hold consensus rating on TSLA stock based on 12 Buys, 11 Holds, and seven Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average TSLA price target of $396.80 per share implies that shares are trading near fair value.

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