Summary – Wall Street Daily
The Tesla Semi 500 Mile range will see strong demand due to its unique spec offerings and a range that’s more than adequate for the US trucking industry, regardless of the model. Todays Top Stocks
The Roadster 250 MPH +/ 1000 HP /0-60 1.9 Sec is a niche product offering, but with margins of 55.25%, it will contribute over a billion dollars annually in gross profit, pushing Tesla further toward sustained profitability.
Both vehicles are best-in-class offerings that will result in a betterment of the Tesla brand as well as strong demand for years to come.
When Tesla unveiled the Tesla Semi, they announced some pretty crazy specs, especially for a semi truck, the most absurd being a 0-60 time of 20 seconds — with a full load (five seconds with no load). This impressive feat came under fire as some alleged that no responsible truck driver would pull off a move like this. However, according to the Federal Motor Carrier Safety Administration (“FMCSA”), loads must be secured for a force up to .5g while an acceleration to 60 mph in 20 seconds is just .137 g. This acceleration can be helpful when entering highways, but this point was likely made only to show off the capabilities of the Tesla Semi. What’s important is its ability to travel 60 mph up a 5% grade, its range, and its ability to save its customers money. It’s no secret that the cost of ownership for an EV is significantly less than that of an ICE vehicle, or hybrid for that matter, but this cost differential is even greater with semi trucks, which run many hours a day, guzzling expensive diesel. Tesla also decided to throw in the enhanced autopilot package for the Semi, which can further increase the truck’s efficiencies and also dramatically reduce the likelihood of an accident.
According to Tesla, the Tesla Semi can save more than $200,000 in fuel costs, over 10 years, at a cost of $1.20 per mile, 29% lower than the national average, but will completely pay for itself within two years due lowered maintenance costs on top of fuel savings. Tesla’s dramatically-reduced drag coefficient (“CD”), .36 CD, over other trucks, averaging .6 CD, further adds to Tesla Semi’s efficiency and cost-saving effectiveness. While electric already is cheaper than diesel, saving on efficiency means that the Semi requires even less energy to travel just as far. Tesla’s two Models, the 300-mile and 500-mile trucks, are priced at $150,000 and $180,000, respectively, though there are rumors that the ranges may end up being even more impressive. Even though this is $32,570 and $62,570 above the national average, respectively, the above saving potential mitigates this disparity and actually makes the Tesla Semi the cheaper option. Combining these savings and performance, all signs point to the Tesla Semi being a hot item.
With production expected to begin at the end of 2020, Tesla is looking to gain as many customers as it can, and it has already lined up a few. While some may see the range as a problem, because charging a vehicle takes a lot longer than just refueling, it may not be nearly as bad as you could imagine. Truckers are required to rest for 30 minutes every eight hours that they drive and can only drive 11 hours each 14-hour duty period. Now it’s time for some quick math. Given the average speed of a semi truck on highways of 56.28 mph (author calculations with data from the Office of Energy Efficiency & Renewable Energy), there’s no way a trucker can deplete the 500-mile battery before eight hours is up and they have to take a break anyway. For the 300-mile range variant, a trucker will deplete a full battery in 5.33 hours, which may seem a bit problematic at first. But let’s look again at our trucker’s rules. They can only drive 11 hours per 14 hour duty period. This means that the driver will need to take multiple breaks anyway, providing ample time to recharge without infringing upon the trucker’s time schedule. In fact, even at a range of 310, which is likely possible based off of the previously mentioned range increase, the truck only needs to be charged twice before it has reached its daily driving limit.
With a 1.9 second 0-60 mph time, a range of 620 miles, and a top speed of over 250 mph, the Tesla Roadster is, in every sense of the word, a supercar. Additionally, according to analysis by Jason Fenske, the Roadster has 758 lb-ft of torque and nearly 1,000 horsepower, which is even more than Dodge’s Hellcat Challenger. You may notice that Tesla lists 10,000 nm, or 7,376 pound-feet, of wheel torque on their website, but this measurement of wheel torque isn’t the standard measurement when discussing torque and isn’t really the right measurement for torque. Nonetheless, this torque and horsepower is still insane and is what allows the Roadster to have a 0-60 time of just 1.9 seconds, the fastest of any production car in the world. Tesla’s Roadster has some pretty impressive specs.