Tesla Inc (NASDAQ:TSLA) Semi-Truck With 200-300 Mile Range

Tesla Inc (NASDAQ:TSLA) Semi-Truck With 200-300 Mile Range

Tesla Inc (NASDAQ:TSLA) Semi-Truck With 200-300 Mile Range

  • The all-electric big rig that Tesla has been developing will travel 200 to 300 miles on a single charge, according to a new report from Reuters. Tesla is slated to unveil a prototype of the semi truck at an event in September, though a specific date has not been revealed.
  • The information about the truck’s range appears to come from Scott Perry, an executive at Ryder, a fleet operator based in Florida. Perry told Reuters that Tesla is focused on “an electric big-rig known as a ‘day cab’ with no sleeper berth, capable of traveling about 200 to 300 miles with a typical payload before recharging.”
  • Perry did not respond to a request for comment from The Verge in time for the publishing of this story.
  • It’s certainly possible that Perry has seen the Tesla truck, or the company’s plans. In June, Tesla CEO Elon Musk mentioned during a meeting with shareholders that the company was gathering feedback from the trucking industry.

Tesla, Inc., formerly Tesla Motors, Inc., designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage. The Automotive segment includes the design, development, manufacturing, and sales of electric vehicles. The Energy generation and storage segment includes the design, manufacture, installation, and sale or lease of stationary energy storage products and solar energy systems to residential and commercial customers, or sale of electricity generated by its solar energy systems to customers. The Company produces and distributes two fully electric vehicles, the Model S sedan and the Model X sport utility vehicle (SUV). It also offers Model 3, a sedan designed for the mass market. It develops energy storage products for use in homes, commercial facilities and utility sites.

Overall, the bias in prices is: Upwards.

Short term: Prices are stalling.

Intermediate term: Prices are ranging.

The projected upper bound is: 377.99.

The projected lower bound is: 326.76.

The projected closing price is: 352.38.

TESLA INC closed up 0.160 at 352.930. Volume was 39% below average (neutral) and Bollinger Bands were 4% narrower than normal.

Open       High       Low      Close       Volume
352.520      356.660      349.740      352.930       4,584,687

Technical Outlook
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish

Moving Averages: 10-period       50-period       200-period
Close:      353.12      347.22       283.33
Volatility:      35       48      43
Volume:      4,617,626      7,675,817       6,209,496

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

TESLA INC is currently 24.6% above its 200-period moving average and is in an upward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of TSLA.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on TSLA.O and have had this outlook for the last 12 periods

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 56.6494. This is not an overbought or oversold reading. The last signal was a buy 1 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 53.28. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 42 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -23. This is not a topping or bottoming area. The last signal was a buy 1 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 4 period(s) ago.

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John Heffernan

John Heffernan is a Junior Analyst at HEFFX. John is studying Economics and is a contributor on equities at Live Trading News.

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