Tesla Inc. stock ended flat Thursday after weaving in and out of losses most of the session, as investors awaited the launch of the company’s electric commercial truck, the Semi, after years of delays.
The invitation-only event will be held Thursday evening at the electric-vehicle maker’s plant outside of Reno, Nev.
Tesla
TSLA,
unveiled the Semi’s prototype in 2017 and the truck was expected to enter production in 2019. After several delays, the chip shortage caused the latest postponement, with Tesla saying a year ago that production would start this year.
Tesla has said the Semi has a 500-mile range. The first trucks will go to PepsiCo.
PEP,
+0.84%,
which inked a deal shortly after the 2017 prototype unveiling.
Tesla stock has lost 45% this year, compared with losses of around 15% for the S&P 500 index
SPX,
-0.09%.
