Home > Tools > News > Is Tesla’S Truck Goal Really A Battery Leasing Program?

Is Tesla’s truck goal really a battery leasing program?

Apr 26, 2017 at 09:15 AM CST
+ 1

As speculation mounts about what Elon Musk is planning with his electric Class 8 truck, set for a September debut, more analysts are weighing in on possible motives.

Two Morgan Stanley analysts, who closely follow Tesla, see the creation of an electric semi not as an end goal, but rather as an entry into a $750 billion a year battery leasing business. It also could be a financial boon to trucking companies in fuel savings and reduce range anxiety, one factor that has limited sales of medium-duty electric trucks.