Elon Musk: Tesla will unveil a semi-truck in September

Tesla is set to unveil its semi truck in September, according to a tweet from CEO Elon Musk on Thursday. "Pickup truck unveil in 18 to 24 months", he added in the next post.

The Tesla Semi, for cargo transport, was first teased in Musk's second "master plan" released a year ago.

Despite all the trash-talk from his detractors, which are many, Tesla's market valuation continues to go upward, surpassing all rationality, recently surpassing Ford Motor Company and briefly General Motors, despite selling a mere fraction of the number of vehicles the Detroit titans do. The company has said it expects to spend $2 billion to $2.5 billion in the first half of the year alone and its latest plans for trucks would presumably increase the urgency around building new battery factories. That plans appears to have been pushed back a bit, and will undoubtedly be met with huge expectations.

Tesla's semi-truck finally has a launch date.

Musk made the announcement in a tweet, offering few details about the plan, although he has spoken in the past about moving into the truck segment.

Fans Prank Conor McGregor By Putting His Ireland House Up For Sale
He's stepped up for big fights for this company, and for me and for [former UFC CEO] Lorenzo [Fertitta]. And (boxing promoter) Bob Arum? Hearn added: 'All you're lacking in this fight is the bad bloke.

The decision to release an EV pickup truck makes sense in the U.S. market, where the three most popular cars sold are all pickups. "Team has done an incredible job". The CEO previously announced that the company had indicated a semi truck was coming shortly.

Tesla's stock was roughly 3 percent higher in late trading, near $307 a share. He offered no other details about the semi, such as whether it will be equipped with Tesla's partially self-driving Autopilot mode.

This put the company ahead in market capitalization of much larger vehicle companies such as Ford and General Motors. Its lower-cost Model 3 electric vehicle is due out by the end of this yea.

Musk mentioned five investment groups, including the California State Teachers Retirement System, Hermes Equity Ownership Services and CtW Investment Group, which encouraged Tesla to re-elect its board of directors on an annual basis.

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