5 Things You Need to Know About Tesla’s New Semi-Truck

Posted June 5, 2018 by Administrator in Transportation | 0 comments

Tesla’s new semi-truck has taken the transportation industry by storm. Marking its first foray into commercial trucking, Tesla’s heavy-duty vehicle is a striking divergence from the norm. This 100% electric, aerodynamic semi-truck stands out from other standard Class 8 Trucks. Tesla’s aptly named Semi boasts speed, range, and a rapid recharge time—all features that are catching the eyes of big name companies like Walmart, Pepsi, FedEx, UPS, Anheuser-Busch, and more. The following are several facts about Tesla’s Semi.

  1. How fast is Tesla’s Semi? Without any cargo, the Semi can go from 0 to 60 in five seconds. When fully loaded with 80,000 pounds worth of freight, it can achieve this feat in 20 seconds. This is even more impressive considering a standard semi-truck requires 15 seconds and 60 seconds to achieve the same speeds unloaded and loaded. It can also ascend a 5% grade with a full load at 65 mile per hour—a standard commercial truck maxes out at 45 miles per hour.
  2. How far can it travel before it needs to recharge? With a full load, the Semi can travel 500 miles before it will need to recharge. After a 30-minute recharge, it can travel an additional 400 miles.
  3. What type of transportation is the Semi suited to? With a 500-mile range, the most likely uses of the Semi will be short and medium-hauls. For example, it is ideal for transporting cargo from ports to distribution facilities.
  4. What are the Semi’s safety features? The Semi will come equipped with Tesla’s Enhanced Autopilot, which includes self-driving features such as steering around corners, staying within the lane, adjusting cruise control speed based on traffic patterns, changing lanes, and more. What’s more, the Semi will be able to platoon with other trucks.
  5. How much does a Semi cost? On a day-to-day basis, the Semi costs $1.26 per mile compared to $1.51 per mile for a standard semi-truck. It also costs less to maintain because there are fewer moving parts. As for overall costs, Tesla will charge $150-$180,000 depending on the version.

Electronic trucks represent a significant disruption to the transportation industry. Drivers and fleets need to be prepared to adapt to these new changes and challenges, and Cline Wood is here to help. As a leading provider of transportation insurance products, we go beyond providing basic insurance coverage. We are active members of the trucking community, and we strive to stay up to date with the latest innovations reshaping the industry. Contact us today to learn more about how we can help your transportation business.

This document is not intended to be taken as advice regarding any individual situation and should not be relied upon as such. Marsh & McLennan Agency LLC shall have no obligation to update this publication and shall have no liability to you or any other party arising out of this publication or any matter contained herein. Any statements concerning actuarial, tax, accounting or legal matters are based solely on our experience as consultants and are not to be relied upon as actuarial, accounting, tax or legal advice, for which you should consult your own professional advisors. Any modeling analytics or projections are subject to inherent uncertainty and the analysis could be materially affective if any underlying assumptions, conditions, information or factors are inaccurate or incomplete or should change.

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