The final unveiling of the Model 3 will be in July, Tesla CEO Elon Musk said on Twitter Thursday.
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Shares of Tesla have surged 41 percent to record highs this year, and this week the Silicon Valley company briefly became the largest USA auto maker by market capitalization, beating out General Motors Co GM.N .
Looking back to Tesla’s “Master Plan Part Deux”, which was announced in a blog post in July previous year, Tesla specifically mentioned that large-scale cargo trucks were firmly in its sights: “In addition to consumer vehicles, there are two other types of electric vehicles needed: heavy-duty trucks and high passenger-density urban transport”.
Musk first revealed plans to develop an electric semi truck past year during an earnings call. Musk noted that the team has “done an unbelievable job”, suggesting that a significant portion of the work has been completed.
Tesla declined to comment beyond Musk’s tweets. He also said Tesla would start taking orders of its solar tiles this month.
Tesla earlier this week briefly surpassed General Motors as the most valuable vehicle manufacturer in America.
“As long-term investors, we want Tesla to succeed and believe that the company will be most effective if it has the benefit of an updated board and some good governance standards in place”, the letter said.
In a letter, the shareholders urged the electric vehicle maker to appoint two new directors without links to Musk and hold re-elections every 12 months, rather than every three years.
Tesla doesn’t sell almost as many cars as major automakers such as Ford and GM.
Long-term investors see value in Tesla’s stock because the company is a first-mover in the commercial electric vehicle game in the United States.
I don’t see this demand gaining much traction.
For investors and consumers, it’s the latest reason to be excited about Tesla.
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Tesla owner Elon Musk also took to social media the other day to tell a group of powerful investors they should invest in Ford if they’re not happy with how things are run at Tesla. Tesla shares are now up 52% in the last six months. The company is now designing, developing, and manufacturing the highly anticipated model three midmarket sedan, which will be the companies cheapest and most affordable automobile yet.
