Tesla Announces Semi Event For September 24. Here's What Investors Need to Know
Autonomous trucking is the biggest long-term catalyst for Tesla Semi sales growth.
Overview
When Tesla (NASDAQ:TSLA) unveiled its all-electric Semi truck in 2017, analysts were largely bullish on potential demand.
"We believe this could set off competition for intelligent trucks in the industry," an analyst for Morgan Stanley predicted in 2017. "If the order books fill up quickly, any carrier that holds back placing its order could potentially have to wait several years to get its hands on a Tesla truck -- years during which its competitors could be running with up to a ~70% cost advantage."
Details
Morgan Stanley stressed to investors that the Semi could be "the biggest catalyst in trucking in decades."
Source
Originally published at www.fool.com.
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