Tesla is ready to take your money for its semi-truck (just don’t ask when you’ll get one)

Five years after it was announced, Tesla has opened reservations for its all-electric Semi-truck, which is expected to enter production in 2023. website, you can make a reservation by paying $5,000 in advance and then $15,000 within 10 days. (spotted through InsideEVs.) A word of caution: The $5k is refundable, but it appears the $20k is not.

Now you’d be forgiven for forgetting about Tesla’s Semi, announced in 2017 with futuristic concept art and envious specs. The company says the truck will be powered by four independent motors mounted on the rear axles, will go from 0-100 km/h in 20 seconds and have a battery range of 300 or 500 miles. Prices start at $150,000, and there have been a number of orders from companies like Walmart and FedEx in the range of dozens.

But since that unveiling in 2017, Tesla has struggled with production of the Semi — which is understandable given the speed at which it has managed to scale production. other EVs. The truck is currently scheduled to go into production next year, but we wouldn’t be surprised if there were further delays (or even specification changes).

What this news really shows, though, is Tesla’s incredible ability to generate cash flow from customers by encouraging them to make deposits for products that do not yet exist (a trend that has occurred since) copied by other EV manufacturers† Essentially, paid reservations are a way for the company to take out interest-free loans from fans. So even if the Semi is not much closer to production, it is certainly ready to generate deposits.