Tesla stock ends flat ahead of Semi electric-truck launch

Tesla Inc. stock ended flat Thursday after weaving in and out of losses most of the session, as investors awaited the launch of the company’s electric commercial truck, the Semi, after years of delays.

The invitation-only event will be held Thursday evening at the electric-vehicle maker’s plant outside of Reno, Nev. Tesla TSLA, unveiled the Semi’s prototype in 2017 and the truck was expected to enter production in 2019. After several delays, the chip shortage caused the latest postponement, with Tesla saying a year ago that production would start this year.

Tesla has said the Semi has a 500-mile range. The first trucks will go to PepsiCo. PEP, +0.84%, which inked a deal shortly after the 2017 prototype unveiling. Tesla stock has lost 45% this year, compared with losses of around 15% for the S&P 500 index SPX, -0.09%.

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First Tesla Semis to be delivered Thursday night, three years latePepsiCo will become the first customer to receive an electric Tesla Semi on Thursday night during a delivery event at the automaker's Sparks, Nevada, factory. better late and safe than never and fail. But they have to put out 3 years late 🤯 With foxbusiness the glass is always half empty when it comes to anything elonmusk Screw FoxNews
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