$180,000 Tesla Semi Truck could be a game changer for trucking industry

After Tesla debuted it’s all electric semi truck last week, we now have a price for Tesla’s all-electric freight truck. The company now says the Tesla Semi is expected have two models and prices one with a 300-mile range priced at $150,000 and a 500-mile range for around $180,000. Those prices, though tentative, are substantially below expectations, and would make the Tesla Semi instantly competitive with gas-burning freight trucks.

According to an earlier in-depth analysis by The Verge, an average Class 8 truck (semi truck) costs around $120,000. That conventional truck burns about $70,000 of diesel fuel per year, costing about $0.54 per mile. By contrast, the Tesla Semi will consume less than 2kwh of electricity per mile, or about $0.26 cents based on the average cost of electricity in the U.S.

Tesla estimates that adds up to $200,000 in fuel savings over the life of the truck. Electric engines are also much cheaper to maintain than gas-burning engines.

However, traditional truck manufactures shouldn’t start worrying immediately. With a 500-mile range, the Semi won’t be able to replace some cross-country trucks. Legally, commercial truckers can drive a maximum of 11 hours consecutively, or close to 800 miles at highway speeds. For many truckers, every moment spent fueling is income lost, and even Tesla’s announced “megachargers” will take 30 minutes to refill 400 miles worth of energy — substantially longer than an old-fashioned diesel fill up.

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  1. […] so that’s $2 million in Tesla’s bank account right now (assuming PepsiCo placed its order after Tesla raised the deposit amount from the original price of $5,000). And if the trucks end up retailing […]

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