Tesla’s earnings yesterday were mostly good news, according tomedia BGR. The electric car maker reported better-than-expected sales and posted a quarterly profit of $16 million in the process. While that number is not surprising, it is encouraging given Tesla’s long history of losses.
Overall, Tesla generated $5.9 billion in revenue in the first quarter of 2020 as the company delivered 88,400 vehicles. Model 3 and Model Y accounted for 76,200 of these vehicles, while Model S and X delivered 12,200 units cumulatively. In addition, the company has a number of interesting models in the pipeline, including the Tesla Semi, Cybertruck and next-generation Roadster models.
Unsurprisingly, Tesla announced yesterday that the mass production of the Tesla Semi had been pushed back again. Remember that when Tesla first released the Tesla Semi at the end of 2017, the company said it would start mass production in 2019. It wasn’t long before Tesla pushed back the date to 2020. In yesterday’s results, the company now says it will start mass production sometime in 2021. Tesla did not provide a reason for the delay.
Although a delivery date for the Tesla Semi has not yet been set, the attention paid to the car has been impressive since its official debut. Within a year of its launch, Tesla began receiving large pre-orders from many of the world’s top 500 companies, including UPS and Wal-Mart.
In terms of price, the 480-kilometer Semi starts at $150,000, while the 800-kilometer range version sells for $180,000. It’s worth noting that Tesla’s Semi has an acceleration time of just five seconds for 100 kilometers, and about 20 seconds at a capacity of 80,000 pounds. In contrast, a standard diesel truck typically takes 15 seconds to accelerate 100 kilometers, while a 100-kilometer acceleration time takes a full minute at a load of 80,000 pounds.
“We designed the Tesla truck like a bullet,” Musk proudly said when introducing the vehicle a few years ago. “