Tesla's Semi Truck Could Shake Up Trucking as Diesel Prices Bite

Tesla is preparing to ramp up production of its long-delayed Semi truck, according to Morgan Stanley. The investment bank says the move could open a major new market for the electric vehicle maker. The Semi, an electric heavy-duty truck, has been in development for years. Tesla now aims to push it into high gear. Morgan Stanley analysts see a large opportunity. Diesel prices remain high, making electric trucks more attractive to freight companies. The Semi could help Tesla capture that demand. The trucking industry moves most goods in the United States and worldwide. Fuel is one of its biggest costs. A successful electric semi could cut those costs and reduce emissions. Tesla has not announced a firm timeline for full production. But the Morgan Stanley note signals growing confidence on Wall Street that the Semi is close to a real commercial launch.