PepsiCo Inc (NYSE:PEP) has reserved 100 of Tesla Inc’s (NASDAQ:TSLA) new electric Semi trucks, the largest-known order so far.
PepsiCo’s 100 trucks add to orders already made by more than a dozen companies such as retail giant Wal-Mart Stores Inc (NYSE:WMT), fleet operator JB Hunt Transport Services Inc (NASDAQ:JBHT), and foodservice distribution company Sysco Corp (NYSE:SYY).
$TSLA Pepsi Orders 100 Semis are Coke and Amazon next? $KO $AMZN $PEP @elonmusk #tesla pic.twitter.com/y2Ge2vk0dB
— Navi Avatar (@NaviAvatar1) 12 December 2017
Reservations to date for the new Tesla truck are at 267, according to a Reuters tally.
Tesla unveiled the Semi last month and expects the truck to be in production by 2019.
The new semis will complement PepsiCo’s US fleet of nearly 10,000 trucks and are a key part of its plan to reduce greenhouse gas emissions across its supply chain by a total of at least 20% by 2030, Mike O‘Connell, the senior director of North American supply chain for PepsiCo subsidiary Frito-Lay, said in a statement.
About 260,000 heavy-duty Class-8 trucks are produced in North America annually, according to industry economics research.