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Tesla Inc. (NASDAQ:TSLA) said that the company expects the first units of the Semi to enter production by the end of the year.
What Happened: Dan Priestley, the head of Tesla's Semi Program, said that the Giga factory in Nevada can produce 50,000 units annually, Reuters reported on Tuesday.
"First units are set to be on the line by the end of this year, and we’ll be ramping the factory throughout 2026," he said in the report.
Why It Matters: News of the Semi production comes in as Tesla's plans to scale the truck's production ...