Investor Alert

New York Markets Open in:

Market Pulse Archives

Aug. 10, 2022, 8:48 a.m. EDT · CORRECTED

Tesla 500 mile range Semi truck to start shipping this year, followed by the Cybertruck next year, Elon Musk tweets

Watchlist Relevance

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Tesla Inc. (TSLA)
  • X
    S&P 500 Index (SPX)

or Cancel Already have a watchlist? Log In

By Ciara Linnane

An earlier version of thisreport had an errant million in the headline. It has been corrected.

Tesla Inc. /zigman2/quotes/203558040/lastsale TSLA -1.16% CEO Elon Musk tweeted Wednesday that a Tesla 500 mile range Semi truck will start shipping this year, to be followed by the Cybertruck next year. Tesla shares were up 1.9% premarket, as investors also digested the news that Musk sold almost $7 billion in Tesla stock in recent days, according to filings Tuesday with the Securities and Exchange Commission, and indicated he wants cash on hand as his legal fight with Twitter Inc. heats up. According to the filings, the Tesla chief executive sold around 7.9 million shares between Friday and Tuesday, at prices ranging from $838.57 to $911.75 - roughly $6.88 billion in total. Last week, Tesla shareholders approved plans for a 3-for-1 stock split, which will take place Aug. 24. Trading will begin on a stock split-adjusted basis on Aug. 25, the company said in a regulatory filing. The stock is down about 20% in the year to date, while the S&P 500 /zigman2/quotes/210599714/realtime SPX -1.47% has fallen 13.5%.

US : U.S.: Nasdaq
$ 244.12
-2.87 -1.16%
Volume: 101.99M
Sept. 26, 2023 4:15p
P/E Ratio
Dividend Yield
Market Cap
$783.94 billion
Rev. per Employee
-63.91 -1.47%
Volume: 0.00
Sept. 26, 2023 5:09p

This Story has 0 Comments
Be the first to comment
More News In

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.