Tesla Begins Semi Truck Deliveries

Tesla is beginning deliveries of its long-awaited Semi electric trucks to customers including PepsiCo and DHL. Executives reiterated plans to build 50,000 trucks annually at the Nevada plant despite years of delays.

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Tesla CEO Elon Musk shows off the Tesla Semi as he unveils the company's new electric semi truck during an presentation in Hawthorne, California, U.S., November 16, 2017. REUTERS/Alexandria Sage

TESLA INC is beginning deliveries of its long-awaited Semi electric trucks to an initial group of customers in the United States this week, nearly nine years after CEO Elon Musk first unveiled the heavy-duty rig. The commercial rollout comes as diesel prices in the country hover near record highs, opening a new revenue stream for the automaker. For investors, the long-haul freight expansion tests Tesla's ability to scale commercial manufacturing amid shifting electric vehicle policies.

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