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Tuesday Ticker: Tesla confirms production of the Tesla Semi; while new vehicle sales jump across Canada

Toronto, Ontario — In this Tuesday Ticker, Tesla confirms that it is on track for production-spec deliveries of the Tesla Semi by 2026; while new vehicle sales have remained high across Canada since March.

A semi update

Last Monday, Tesla confirmed that its Tesla Semi remains on track for production-spec deliveries to customers by 2026.

At the Advanced Clean Transportation (ACT) Expo in Las Vegas, Nevada, Tesla exec, Dan Priestly noted that “we’re building a factory in Nevada that is being ramped in 2026 for customer deliveries and ramping to a target capacity of 50,000 units a year.”

Currently, the Tesla Semi is in pilot testing with PepsiCo’s FritoLay division.

As of Monday at 3:30 p.m., Tesla shares traded at US$179.24, down 27.85 percent year-to-date.

Surging sales

According to Business Intelligence for B.C. (BIV), sales for new vehicles jumped in March in British Columbia and across Canada as “inventory levels surged and consumers had plenty of models to choose between.”

Data from Statistics Canada further showed that automotive dealers sold 19,542 new vehicles in B.C. in March, up 27.5 percent from the 15,327 new vehicles sold in February and 16.4 percent from the 16,795 new vehicles sold in March, 2023.

BIV also noted that trucks continue to be more popular than cars within the province, as more than 83.8 percent of all vehicles purchased in B.C. in March were for trucks.

Moreover, according to AutoTrader, these provincial numbers reflect a national average in which inventories across the country have also remained high since March.

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