Overview

• Tesla's Nevada gigafactory is set to begin production of the Semi electric truck by the end of 2025, with plans to ramp up to an annual capacity of 50,000 units in 2026.
• The Semi program, initially announced in 2017 with a 2019 production target, has faced years of delays but is now moving toward volume manufacturing.
• High tariffs on Chinese imports, now at 145%, have disrupted Tesla's supply chain, forcing the company to suspend component shipments and reassess growth forecasts.
• Early customer Ryder has scaled back its pilot program from 42 to 18 trucks, citing significant price increases and delivery delays to late 2026.
• Tesla plans to reevaluate its growth projections in three months due to uncertainties surrounding global trade policies and their impact on demand and supply chains.