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Tesla plans to launch its Semi electric truck in Europe, opening a new market for the product
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Tesla Brings European Semi to Hanover, Targeting 550-Kilometer Range
Tesla is preparing to enter the European electric truck market, bringing its European Semi to the IAA Transportation trade fair in Hanover, Germany, after publishing key European specifications ahead of the event. The European version of the Semi offers a range of up to 550 kilometers and energy consumption of about 1 kilowatt-hour per kilometer, with deliveries poised to begin next year. According to Transport & Environment, new entrants collectively could capture 24% to 31% of Europe's electric heavy-truck market by 2030, though that estimate assumes manufacturers meet their stated production and sales ambitions. Tesla faces aggressive competition from established manufacturers that already offer EV trucks and hold extensive fleet-operator relationships, and its 550-kilometer range sits below some competing models that can travel roughly 700 kilometers on a single charge. The company would also need heavy capital spending on high-power charging infrastructure along freight corridors and must scale production alongside Semi deliveries to achieve mass adoption. Hedge fund holdings in Tesla declined to 116 in the second quarter from 123 in the first quarter, with BAMCO Inc. raising its stake by 5% to approximately $5.27 billion and DE Shaw cutting its position by 1% to about $1.83 billion.
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Tesla to Operate Megacharging at Three Forum Mobility Truck Depots
Tesla said it will operate public Megacharging locations at three electric-truck depots being developed by Forum Mobility in California, adding a combined 30 megawatts of charging capacity using Tesla's Megawatt Charging System alongside CCS connectors. The announcement came as Tesla shares climbed about 1% Friday morning, lifted by a broader move into consumer-discretionary stocks that also boosted automakers. General Motors, Ford and Stellantis all gained on Thursday, while the consumer-discretionary ETF rose faster than the broader S&P 500, suggesting the advance was partly tied to sector-wide buying rather than a single Tesla catalyst. Broader market conditions were supportive as well, with oil prices falling about 2% and the 10-year Treasury yield declining, helping ease pressure on equities. Tesla's gain therefore reflects both the new charging-network development and the wider rebound across consumer and automotive stocks.
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Terminal Tractor Market to Reach USD 2.39 Billion by 2033, ResearchAndMarkets Report Says
The global terminal tractor market is projected to grow from USD 1.65 billion in 2026 to USD 2.39 billion by 2033, a 5.4% compound annual growth rate, according to a new report added to ResearchAndMarkets.com's offering. Within that market, the above-250 kW motor power output segment is expected to grow fastest, driven by electrification of major container ports and clean-port initiatives, with MAFI's T230e delivering a maximum motor output of 300 kW and SANY's SM4256 Electric Terminal Tractor providing up to 280 kW. The 4x2 drive configuration is projected to retain the largest share of the market, with Asia Pacific, Europe and North America collectively accounting for more than 85% of 4x2 terminal tractors as of 2026. The United States is expected to remain North America's largest terminal tractor market throughout the forecast period, supported by US e-commerce sales that reached USD 326.7 billion in the first quarter of 2026, up 2.7% from the fourth quarter of 2025, according to the US Census Bureau. Key players in the market include Kalmar of Finland, Terberg Special Vehicles of the Netherlands, TICO Tractors and Capacity Trucks of the United States, and MAFI Transport-Systeme GmbH of Germany.