The Tesla Semi has sent shock waves through the trucking industry. In many ways, it is boldly innovative in a way that has become customary for Elon Musk. On the other, it signals even greater capital expenses ahead for the company, which will need to invest in a new manufacturing facility to build it and a new network of Megachargers to keep it charged during normal use.
Headwinds Ahead For Tesla?
Critics like perennial industry gadfly Bob Lutz say Tesla will be bankrupt by 2019. He whined to CNBC’s Power Lunch recently, “The company, folks, is going out of business. At this rate they’ll never get to 2019. There is no secret sauce in Tesla. They use the same lithium-ion batteries as everybody else.”