Tesla’s Semi Production Ramp Boosts Shares 4% as Musk Ventures Drive $573M Revenue
Tesla began high-volume production of its long-delayed Semi truck at its Nevada plant, lifting shares nearly 4% last week after a 3% April gain driven by stronger European registrations. Updated filings show Tesla earned $573 million from Musk-linked xAI and SpaceX in 2025 and $78.1 million so far in 2026.
1. Semi Production Milestone
Tesla has initiated high-volume output of its long-delayed Semi truck at its Nevada factory, marking a major step in its commercial vehicle strategy. This ramp is key to achieving annual production targets and diversifying its revenue streams beyond passenger vehicles.
2. Stock Performance and European Demand
Shares rose nearly 4% over the past week and gained 3% in April on broader growth stock momentum and cost-of-fuel pressures boosting EV adoption. April vehicle registrations surged across major European markets, supporting stronger order backlogs.
3. Revenue From Musk-Linked Ventures
Updated filings reveal Tesla generated $430.1 million from xAI Megapack purchases and $143.3 million from SpaceX vehicle sales in 2025, with $78.1 million already booked this year. Integration plans include embedding xAI’s Grok chatbot into Tesla vehicles and joint chip development.