- ZET SCALE, a newly formed freight coalition, chose Tesla to lead a 2,500-truck purchase of electric Class 8 vehicles; if fully delivered, the order approximately doubles the number of battery-electric heavy trucks in the United States. The deal also includes trucks from PACCAR's Kenworth, RIDE, and Volvo Group.
- Tesla formally opened its high-volume Semi factory in Sparks, Nevada, a 1.7 million-square-foot facility sized for 50,000 trucks annually that builds 4680 cells on-site and began producing its first Semi in April.
- The Tesla Semi has a history of production delays and missed timelines since its 2017 unveiling, and rivals including BYD have introduced competitive electric trucks.
- Analysts treat the record Semi order as a genuine win but say it does not change Tesla's stretched valuation, shrinking margins, climbing capital spending, and falling earnings estimates; TSLA shares are down 15% year to date and trade at a forward price-to-sales ratio of 13.08.
- A Seeking Alpha contributor upgraded Tesla to Strong Buy, citing FSD Supervised adoption by 70,000+ European customers logging over 100 million public kilometers and the October 6, 2026 EU Technical Committee vote on bloc-wide FSD approval as the critical catalyst.
Quotes
“Analysts view this record Semi order as a genuine win, but it does not change the broader picture of Tesla's stretched valuation, shrinking margins, climbing capital spending, and falling earnings estimates”
“the next step in proving the Semi has moved from low-volume builds to real mass production”