Tesla Motors, the U.S. electric vehicle maker, says it will unveil its all-electric big rig on November 16. The truck is expected to have autonomous capabilities along with other “best-in-class” features.
This would be Tesla’s initial entry into the commercial vehicle market, which tends to be more profitable than the small car arena.
More than a year ago, Tesla CEO Elon Musk revealed Tesla’s 2016 master plan, saying that the company planned to enter the commercial vehicle segment.
According to a note from Morgan Stanley analysts Ravi Shanker and Adam Jonas, Tesla has been working with trucking companies and shippers on the design and “could be” working with Schneider National, XPO and FedEx.
Full-scale production of the trucks is scheduled in 18 months to two years and they could go on sale as soon as 2020.
Reuters reported that with a full charge, the truck will have a range of some 200 to 300 miles “with an average payload.”
Jonas and Shanker said in order to compete with typical long-haul, diesel-fueled trucks, Tesla may have to come up with new charging solutions. They predict it could include battery swapping or rapid supercharging solutions.
The truck is expected to have self-driving technology that allows it to drive autonomously while traveling in a platoon, according to Reuters, which cited e-mails between Tesla and the Nevada Department of Motor Vehicles. Tesla reportedly wants to test prototypes of the vehicle in the state.
According to Morgan Stanley, prices for the electric trucks may start at $100,000, not counting the batteries.
Unveiling was originally planned for September, then pushed back to October 26.
News reports said Musk was delaying the reveal again to focus on Model 3 production and to ramp up battery production for Puerto Rico.