Tesla is officially opening its first factory for high-volume production of the Semi, a heavy-duty electric truck, in Sparks, Nevada, as CEO Elon Musk aims to push into big rigs. The company first unveiled its Semi in 2017, and started selling the trucks in very limited quantities to early customers, including anchor client PepsiCo ., in 2022. A livestream of Thursday's ribbon-cutting event is scheduled for 9 p.m. ET, or 6 p.m. local time. The factory opening comes as Tesla's core business of electric vehicles faces increased competition across the globe, and as soaring diesel costs present a potential opening for a transition to EVs in commercial trucking.
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