Connect with us
Elon Musk: Tesla Semi deliveries to Pepsi Dec 1 Elon Musk: Tesla Semi deliveries to Pepsi Dec 1

News

Elon Musk: Tesla Semi deliveries to Pepsi Dec 1

Credit: Tesla

Published

on

Tesla CEO Elon Musk announced the start of the production of the long-awaited Tesla Semi truck with deliveries to Pepsi on December first. He added that the Tesla Semi has a 500-mile range and is super fun to drive. In December 2017, Pepsi ordered 100 of the all-electric Class 8 trucks a month after it had been announced.

The fully loaded Tesla Semi can accelerate from 0-60 mph in 20 seconds, has three independent motors on its rear axles and with remote diagnostics, over-the-air software updates and fewer moving parts enable operators to spend less time at service centers

During an interview with CNBC’s Jim Cramer, PepsiCo CEO Ramon Laguarta said that the first deliveries of the Tesla Semi for the soft drink company would be starting in Q4. Although he said this last year, he got the right quarter but the wrong year.

Advertisement

“Actually, transportation is about 10% of our overall gas emissions, so it’s important, and we’re working on different solutions. We replace our fleet regularly, every ten years more or less. That’s the life of a truck. We’re already starting to buy electric trucks actually from Tesla. I don’t want to promote anybody, but that’s the brand that we’re using so far, and we’re getting our first deliveries this Q4. So it’s something we started a few years ago. We’re working with Tesla,”  said Laguarta.

All throughout 2022, Tesla has been preparing Pepsi for the arrival of the new Semis. Tesla installed several Megachargers at the company’s Modesto, California plant with a reported output of 1.5 MW.

Tesla also shared new photos of the Semi on its website. The newly added high-resolution photos reveal more details than Tesla’s older photos did. You can see the buttons for the deck lights, for example. You can view those below.

[rl_gallery id=”214997″]

Note: Johnna is a Tesla shareholder and supports its mission. 

Advertisement

Your feedback is important. If you have any comments, or concerns, or see a typo, you can email me at johnna@teslarati.com. You can also reach me on Twitter at @JohnnaCrider1.

Teslarati is now on TikTok. Follow us for interactive news & more.

 

Comments

Investor's Corner

Tesla (TSLA) Q1 2025 earnings: What to expect

Tesla stock reached as high as $488.54 per share in 2024, though it is trading at around $240 per share as of writing.

Published

on

Credit: Tesla Asia/X

Tesla (NASDAQ:TSLA) is expected to release its first quarter 2025 results after markets close today, April 22, 2025.

At 4:30 p.m. Central Time / 5:30 p.m. Eastern Time, executives such as CEO Elon Musk will also be holding a Company Update and the Q1 2025 earnings call.

Tesla Q1 Deliveries and Production

Tesla missed estimates in the first quarter, with the company delivering a total of 336,681 vehicles worldwide. A total of 362,615 vehicles were also produced during this period.

While the delivery results of Tesla’s electric vehicle business were subpar in Q1 2025, the company’s energy division exhibited strong performance during the quarter, deploying a total of 10.4 GWh worth of energy storage products.

Earnings Estimates

As noted in a Forbes report, expectations are high that Tesla will report a gain of $0.35/share on $21.85 billion in revenue. Whisper numbers, however, reportedly suggest that the electric vehicle maker will only post a gain of $0.31 per share.

Advertisement

Analysts polled by the FactSet, however, expect Tesla to see an EPS of $0.41 per share on revenues of $21.27 billion, as noted in an Investors’ Business Daily report.

Tesla Stock So Far

Tesla stock reached as high as $488.54 per share in 2024, though it is trading at around $240 per share as of writing. Tesla stock has been naturally volatile, however, so it is prone to notable moves depending on its Q1 earnings.

If the numbers are good, Tesla stock could easily gap up, but if they are disappointing, it would not be surprising if TSLA shares gap down.

FSD, New Vehicle Updates

Tesla is expected to launch a dedicated robotaxi service this June in Austin, Texas. The company has also been hinting at more affordable models that will be launched in the first half of 2025. Expectations are high that CEO Elon Musk will share some updates on these projects, particularly the rollout of Tesla’s FSD Unsupervised system.

Advertisement
Continue Reading

News

Rivian Boosts AI Strategy with Cohere CEO’s Board Appointment

Published

on

rivian-ai-board-appointment
(Credit: Rivian)

Rivian has strengthened its AI strategy by appointing Aidan Gomez, co-founder and CEO of generative AI startup Cohere, to its board. Gomez’s appointment was announced through a regulatory filing. The move underscores Rivian’s ambition to lead in automotive software and AI-driven autonomy.

Gomez is a data scientist and AI expert. He launched Cohere in 2019, focusing on AI foundation models for enterprises like Oracle and Notion. Gomez will be on Rivian’s board until 2026. His appointment expands Rivian’s board and aligns with the company’s $5.8 billion joint venture with Volkswagen Group to develop software. The venture leverages Rivian’s electrical architecture expertise, licensing intellectual property, and may sell tech to other firms in the future.

Gomez’s expertise is a strategic fit, with CEO RJ Scaringe stating the AI expert’s “thinking and expertise will support Rivian as we integrate new, cutting-edge technologies into our products, services, and manufacturing.”

Rivian’s AI efforts include an AI assistant for its EVs, which has been under development since 2023, according to the automaker’s Chief Software Officer Wassym Bensaid.

“The AI work, which is specifically on the orchestration layer or framework for an AI assistant, sits outside the joint venture with VW,” Bensaid told TechCrunch.

Advertisement

Morgan Stanley analyst Adam Jonas sees Rivian’s value in its AI and autonomy potential, not just its EVs. “We see scope for Rivian to play a more important role in AI-enabled autonomy with potential milestones in 1H25,” Jonas said, highlighting the upcoming period as “consequential to determining Rivian’s place in the autonomous vehicle race.”

Jonas believes Rivian stands out as a non-Tesla, U.S.-based “software-defined” company with a fully integrated, AI-driven autonomous platform fueled by advances in generative AI and large language models.

Gomez’s board role positions Rivian to capitalize on AI innovations, enhancing its software leadership and autonomous vehicle development. As the EV maker navigates its Volkswagen partnership and internal AI projects, Gomez’s expertise could drive breakthroughs, reinforcing Rivian’s dual identity as an EV manufacturer and a tech innovator in a competitive landscape.

Continue Reading

News

Tesla Model Y gets five-year, zero-interest financing deal in China

The program was announced by the electric vehicle maker through its official Weibo account.

Published

on

Credit: Tesla

Tesla has launched a five-year, zero-interest financing deal for the new Model Y in China. 

The program was announced by the electric vehicle maker through its official Weibo account.

Model Y Financing Program Details

The new five-year, zero-interest financing deal is available through June 30, and it applies to all Model Y variants, the rear-wheel-drive (RWD) and long-range all-wheel-drive (AWD), which start at 263,500 yuan ($36,300) and 313,500 yuan ($42,950), respectively. Buyers can qualify for the program by paying a down payment of as low as 79,900 yuan ($10,950), with monthly payments starting at 3,060 yuan ($420).

It should be noted that prior to the recently announced program, Tesla China had offered a three-year, zero-interest financing deal for the new Model Y RWD and AWD.

New Model Y Sales So Far

Tesla’s new five-year, zero-interest financing program comes amidst heightened competition in China’s electric vehicle sector. For context, the company sold 74,127 vehicles domestically in March, up 18.8% year-over-year, as noted in a CNEV Post report. From this number, the Model Y accounted for 48,189 deliveries.

During the week of April 14-20, Tesla China also saw 6,800 new vehicle registrations, suggesting that Giga Shanghai is focusing on exports this month.

Advertisement

Other Updates And Incentives

Tesla China also extended an 8,000-yuan insurance subsidy for the Model 3 through April 30. A five-year, zero-interest financing program was launched for the all-electric sedan as well. To qualify, buyers would have to pay a down payment of as low as 79,900 yuan ($10,950), with monthly payments starting at 2,460 yuan ($340). 

A new Star Diamond Black paint option for both the Model Y and Model 3 was also announced. Delivery times remain steady as well, with the Model Y RWD seeing a 2-4 week wait time and the Model Y Long Range AWD seeing a 3-5 week wait time. The Model 3 is listed with a 1-3 week wait time for all its variants.

Continue Reading

Trending