Tesla’s stock price surpassed $1,000 per share today, now making the company the most valuable automaker in the world, surpassing Toyota.
The rise comes as a leaked Tesla memo from Elon Musk said the company was ready to “go all out” with volume production of the Tesla Semi commercial truck.
The memo was obtained by CNBC and confirmed to be legitimate by CEO Elon Musk on Twitter.
— Elon Musk (@elonmusk) June 10, 2020
“It’s time to go all out and bring the Tesla Semi to volume production. It’s been in limited production so far, which has allowed us to improve many aspects of the design,” reads the memo, written by Musk. “Production of the battery and powertrain would take place at Giga Nevada, with most of the other work probably occurring in other states.”
“Semi is the safest, most comfortable truck ever. Four independent motors provide maximum power and acceleration and require the lowest energy cost per mile,” explains the Tesla website.
Tesla first unveiled the Semi back in November 2017, with a goal to produce the trucks in 2019. This was delayed to 2020 but then in April of this year, the company said the Semi would be again delayed to 2021, but that appears to have changed today.