Tesla is reportedly now worth around $190bn (almost £150bn). Elon has now confirmed on Twitter that he did indeed send the email.
Later, a lawsuit was also filed by Tesla against Alameda County, but then subsequently both of them came to an agreement to resume production given the strict social distancing norms be followed without fail, and extra caution be taken to keep the employees from coming in contact with the disease. Elon Musk once noted that the main reason that Tesla hasn't ramped up the Semi's production was lack of battery cells.
In comparison, most care firms only offer warranties from a three to eight year period on their vehicle batteries.
Consumer inflation continues to ease in May
In the first five months, the average PPI fell by 1.7 percent over the same period previous year . China's National Bureau of Statistics is set to release May inflation data today.
Earlier this year in its fourth-quarter earnings report, Tesla provided one of the first updates on the Tesla Semi in months, stating that it was "planning to produce limited volumes of Tesla Semi this year". The additional cost is 10% over the batteries CATL already makes.
The COVID-19 pandemic has suppressed the automotive market with Bloomberg New Energy Finance anticipating that global EV sales will fall by 18 percent this year to 1.7 million units. Musk didn't mention where the actual truck would be produced, except to write that other work would probably occur in other states.
Tesla announced the move last month via an email titled "Furlough Has Ended And We Are Back To Work in Production!" This is despite Tesla having yet to turn an annual profit.
Battery giant Contemporary Amperex Technology Co Ltd said on Wednesday that its new super battery is ready for mass production, which according to industry experts could be a game-changer for automakers as well as the electric vehicle industry.