Tesla is diving into the trucking industry.
Tesla CEO Elon Musk on Thursday said the company would unveil a semitruck in September and a pickup truck in 18 to 24 months.
Tesla's chief technical officer, JB Straubel, has also discussed the role Tesla could play in the trucking industry.
"I can't say too much about the new products and the things we are developing, but from a pure technology point of view, everything that we've done on vehicles translates directly into trucks," Straubel said at a forum in 2016. "There's no reason that today you can't make a very compelling electric truck."
Tesla has an ambitious goal of producing 500,000 cars a year by 2018, and it will soon add two more vehicles to its offerings.
Tesla's (TSLA.US) ambition to enter on of the automotive sub-sectors is a prerequisite for increasing the company's revenue, thus expanding its product range. This will attract more interest from investors and will affect the price of the shares.
Source: Business Insider
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