Tesla Begins Volume Production of Semi Truck at Nevada Plant, Targets 2027 European Rollout

Tesla has started volume production of its electric Class 8 Semi truck at its Nevada factory, confirming installed annual capacity of 25,000 units in its third-quarter earnings report Wednesday. The company (Nasdaq: TSLA) is preparing to expand U.S. commercial deliveries and enter the European market in 2027. CEO Elon Musk said the top Semi variant can travel 500 miles at 82,000 lbs gross combination weight at 1.7 kWh per mile, using roughly one-third the energy of a comparable diesel truck. Tesla did not disclose how many Semis were produced or delivered in the quarter. Third-quarter revenue was $28.05 billion, essentially flat from $28.1 billion a year earlier. Adjusted earnings fell 4% to 48 cents per share, while GAAP earnings dropped 44% to 22 cents. GAAP net income fell 43% to $787 million, operating income declined 56% to $718 million, and operating expenses rose 39% to $4.78 billion. Passenger vehicle deliveries totaled 486,532, down about 2% year over year. Tesla revised 2026 capital expenditure guidance to approximately $20 billion.