Tesla stock rose about 2.5% on Monday, extending a rebound that began late last week, as investors responded to fresh updates on the company’s commercial truck program and renewable energy ambitions.
The move followed a 3.5% gain on Friday, which provided some relief after a difficult stretch for the stock.
Entering Friday’s session, Tesla shares were down nearly 8% for the week, reflecting sustained pressure after the company’s fourth-quarter earnings report.
Since reporting results on January 28, the stock has fallen about 5%, underscoring ongoing investor caution around demand, margins and execution.
Tesla continues to face challenges related to electric vehicle demand, pricing competition, and margin pressure in key markets.
The stock’s underperformance since late last year highlights lingering concerns about near-term earnings visibility.
Musk confirms Semi production ramp
Sentiment received a boost over the weekend after Tesla Chief Executive Officer Elon Musk confirmed that the company will begin high-volume production of its long-awaited electric Semi truck this year.
In a post on X on Sunday, Musk wrote, “Tesla Semi starts high volume production this year,” reaffirming that the commercial vehicle program is moving beyond limited pilot deployments.
The update came as Tesla refreshed the Semi section of its official website, a move that analysts interpreted as a signal that the project is transitioning toward broader commercial rollout.
The company now lists two variants of the truck: a Standard version and a Long Range model.
According to Tesla’s website, the Standard trim offers a range of up to 325 miles, with an energy consumption rating of 1.7 kilowatt-hours per mile and a gross combination weight rating of 82,000 pounds.
The Long Range version extends driving range to 500 miles and carries a higher curb weight of about 23,000 pounds, reflecting a larger battery pack.
Both variants support fast charging, with Tesla stating that the Semi can recover up to 60% of its range in 30 minutes using compatible charging infrastructure.
Solar manufacturing ambitions take shape
Beyond vehicles, Tesla’s clean energy business also attracted attention.
Recent hiring activity suggests the company is accelerating plans to expand domestic solar manufacturing.
Several senior executives posted on LinkedIn about recruiting engineers and scientists for solar-related projects.
Seth Winger, senior manager for solar products engineering, described the initiative as “audacious” and “ambitious.”
Job postings outlined Tesla’s intention to “deploy 100GW of solar manufacturing from raw materials on American soil before the end of 2028.”
The statement marks the first time the company has attached a specific deadline to its solar expansion plans.
The timeline provides greater clarity around Musk’s vision, which was outlined last month when Tesla unveiled a new solar panel at its Buffalo factory.
The company has also sent delegations to visit Chinese solar manufacturers in recent weeks, signalling a renewed focus on scaling its energy operations.
Analysts said clearer targets and visible hiring efforts could help rebuild confidence in Tesla’s energy segment, which has been overshadowed by its automotive business in recent years.
The post Tesla stock up around 2.5%: what’s driving the EV major higher appeared first on Invezz
