This Electric Truck Will Probably Beat Tesla’s to Market (Bloomberg News – December 13, 2017)

https://www.bloomberg.com/

On the evening of Nov. 16, Elon Musk unveiled the latest prop in his Tony Stark cosplay. Tesla Inc.’s all-electric semi rig met all the classic Musk product launch criteria: It looked stunning, had unprecedented performance numbers, included features straight out of science fiction, and would arrive at some unknown date at a too-good-to-be-true price from a still-to-be-built assembly line.

Ten miles from the cramped Los Angeles airport hangar where thousands of Muskovites were swooning, a 25-year-old named Dakota Semler watched the performance on his phone, tossed a piece of sushi into his mouth, and shrugged. Semler, you see, has an all-electric semi of his own, a matte-black curvaceous truck known for now as the ET1.

It’s the first vehicle from his startup, Thor Trucks, which hopes to grab a tiny slice of the 940,000-unit-a-year market for semis and go after short-haul trucks, delivery vans, and work vehicles.

Like Tesla’s rig, the ET1 is meant to bring cleaner-running transportation to heavy industry without sacrificing performance. And like Tesla’s, it’s a head-turner. “Everyone thinks we’ve built a Transformer,” says Semler, Thor’s chief executive officer.

Semler and his 17 employees must contend with extremely long odds, but dramatic advances in battery technology, electric motors, and control software have made electric trucks more practical.

For the rest of this article and news report: https://www.bloomberg.com/news/articles/2017-12-13/this-electric-truck-will-probably-beat-tesla-s-to-market

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