Tesla finally took the wraps off its new semi truck which we knew has been in the making for some time now. And, going by the specs released by the company, the truck can put to shame many a sports car as well. According to Tesla, the new Semi truck can reach 60 miles from rest in just 5 seconds and has a range of 500 miles on a single charge.

That said, trucks aren’t for racing but for lugging around huge loads. However, the new Semi seems to be equally capable of both, what with the company claiming the 0 to 60 coming up in just 20 seconds even with an 80,000 pound load on-board. That also is the max weight it can carry.

Savings is another important factor that carries a lot of weightage in the logistics segment, and CEO Musk is promising its new Semi truck will prove to be at least 20 percent cheaper than its diesel counterparts. the New York Times reported. The above figure quoted applies on a per mile basis and Musk said the total saving incurred when running a fleet of its semi truck would be substantial compared to conventional trucks.

Also, coming as it does from a company that has often been identified to be as much about automobiles as it is with technology, the new Semi truck too is bristling with cutting edge technology. For instance, there is the Enhanced Autopilot system that won’t let the truck drive themselves just yet but can serve as an excellent driver assist system. Those include lane detection, lane departure warning and automatic braking.

Those apart, there are sensors all round aimed at providing the driver with the most up-to-date information that he or she might need for safe driving. The driver seat is also placed around the middle to help cut down on blind spots. Then there also are two large screens placed on either side of the driver that provides different information like maps or different status report of the truck. There is even a computer that outs the driver in control of each wheel, a cool touch that is designed to prevent jackknifing.

Price hasn’t been announced as yet though Musk did hint it is going to be costly. Production is known to begin starting 2019. Expect deliveries to begin thereafter at around 2020.