Tesla Opens Semi Factory With 50,000-Truck Goal as Stock Eyes $389

• Tesla stock faces a test as the company begins deliveries from its new Nevada Semi factory
• Tesla aims to build 50,000 Semis a year, but has not disclosed its current production rate
• The average 12-month target for TSLA stock is $388.85, according to 25 analysts

Tesla has opened its dedicated Semi factory in Nevada, with more deliveries due to begin this week. PepsiCo, DHL and US Foods were represented at the launch, giving the long-delayed electric truck a visible roster of customers. But for Tesla stock, the number that matters most may be the one the company has yet to provide. The factory has a stated goal of 50,000 trucks a year. How quickly can Tesla get there?

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Tesla Semi Factory Opens With Deliveries in Focus

The event in Sparks marked a step beyond the limited Tesla Semi deliveries that began with customers including PepsiCo in late 2022. Tesla said it would begin delivering trucks to a new group of customers this week. It also repeated its plan to build 50,000 a year at the Nevada plant, but gave no current production figure or truck price. This leaves a gap between the factory’s intended capacity and what it is producing today.

There are signs of demand. A coalition of large list customers, including Microsoft and PepsiCo, placed an order for 2,500 Semis this week, according to reports. Swedish freight company Einride announced plans last month to add 500 trucks to its fleet. Those commitments give Tesla a starting point. The delivery schedule will show how soon they translate into trucks on the road.

Tesla says the long-range Semi can travel up to 500 miles on a charge. A standard-range version is rated for 325 miles, according to details shared at the factory event. Range will matter to fleet operators, but so will the practical work of charging trucks and keeping them moving on daily routes.

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What the Launch Means for Tesla Stock

The stock case is harder to pin to a single factory opening. TipRanks puts its average 12-month target for TSLA stock at $388.85, based on 25 analysts. Their ratings are mixed. 11 buy, 12 hold, and two sell. The target offers an insight into expectations, but it was not issued in response to the Semi launch.

Tesla first showed the truck in 2017 and originally expected production to start in 2019. The history gives the opening some weight. It also explains why investors may look past the ceremony for firmer numbers. Future updates on Semi production, deliveries, and pricing should make it easier to judge how much the trucking business could add to Tesla’s results.

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