Tesla’s Semi Truck is ready to be delivered, and Elon Musk revealed that PepsiCo is the very first company to receive the long-delayed electric trucks. The beverage and snack manufacturer is set to get the very first batch of deliveries on Dec. 1.
The 51-year-old billionaire announced the delivery schedule via social media late last week. Via Twitter, he excitedly told his followers that Tesla started the production of the Semi Truck and the first delivery is in two months.
According to Reuters, the Tesla and SpaceX CEO unveiled the prototype of the futuristic electric truck in 2017, and at that time, he said that production would begin in 2019. Apparently, the schedule was not followed, and it has been pushed back many times. The company said that the delays were due to supply shortages.
When the Semi Trucks were introduced, PepsiCo made a reservation for 100 electric truck units as it is seeking a way to minimize the costs of fuel and emissions of its delivery fleet. PepsiCo’s chief executive officer, Ramon Laguarta, said in an interview last year that transportation is responsible for 10% of the company's total gas emissions.
The company also said in the past that it is aiming to make use of electric trucks for shuttling beverages and snack products between the production plants, distribution centers, and retailers.
In any case, Tesla did not state how many Semi Trucks it is planning to build, and each unit may cost $180,000. Then again, electric trucks may qualify for a tax break of up to $40,000 based on the Senate-approved subsidy program in the United States.
PepsiCo also confirmed via tweet that its first electric Tesla Semi Trucks are coming on Dec. 1. It also shared that it will be used in its Frito-Lay plant in Modesto, California and the company’s beverages production plant in Sacramento. PepsiCo said it would provide more details once the trucks arrived in its facilities.
“We are looking forward to this next step in our PepsiCo Positive journey,” the company further tweeted.


Asian Stocks Steady as Iran War Concerns Persist Ahead of Trump-Xi Summit
Japan Considers Extra Budget Aid Amid Rising Fuel and Utility Costs
Nvidia’s China AI Chip Sales Remain Frozen Despite U.S. Approval
SpaceX Shareholders Approve 5-for-1 Stock Split Ahead of Potential IPO
US, Japan Reaffirm Strong Currency Coordination Amid Yen Volatility
S&P Global Revises Mexico Credit Outlook to Negative Amid Rising Debt Concerns
OpenAI Finds No Evidence of User Data Breach in TanStack npm Supply-Chain Attack
Honda Shares Jump as Automaker Forecasts Profit Recovery Despite Historic Loss
FTC Antitrust Probe Targets Arm Holdings Over Chip Licensing Practices
ASX Names Former Euronext Executive Anthony Attia as New CEO
US Stock Futures Slip as Iran Tensions and Hot Inflation Data Pressure Wall Street
Warren Buffett and Stephen Curry Charity Dinner Auction Raises $27 Million for Nonprofits
Asian Currencies Hold Steady as Strong U.S. Inflation Data Boosts Dollar
Berkshire Hathaway Reveals New Stakes in Delta Air Lines and Macy’s Under Greg Abel
Trump Pushes China Market Access During High-Stakes Xi Summit
Dollar Surges as Inflation Data Fuels Fed Rate Hike Expectations
Oil Prices Hold Above $100 as Trump-Xi Meeting and Iran Conflict Keep Markets on Edge 



