Tesla shares jumps after Elon Musk anounces commercial truck

Shares of Tesla company jumped nearly 3 percent on Thursday after Chief Executive and owner Elon Musk said the electric car company expects to unveil its planned commercial truck this September.

Last year there was announcement by Musk of plans for electric vehicles ranging from a commercial truck called the Tesla Semi to a public transport bus, a “new kind of pickup truck” and a compact sport utility vehicle.

There was a tweet on this subject by the owner of Tesla on Thursday: “Tesla Semi truck unveil set for September. Team has done an amazing job. Seriously next level.”, “Pickup truck unveil in 18 to 24 months,” he added in another Tweet.

Tesla’s stock raised up $8.14, or 2.74 percent, at a final of $304.98 after Musk’s tweets.

Shares of Tesla have surged 41 percent to record highs this year, and this week the Silicon Valley company briefly became the largest U.S. car maker by market capitalization, beating out General Motors Co.

By skeptics and short sellers opinions, Tesla’s growth targets are unrealistic and that the company risks being overtaken by GM, Ford Motor Co and other deep-pocketed manufacturers ramping up their own electric-vehicle offerings.