PepsiCo to take supply of Tesla electrical vehicles in fourth quarter, Auto Information, ET Auto

Tesla Inc electrical vehicles

PepsiCo Inc will get its first set of Tesla Inc electrical vehicles within the fourth quarter, the packaged meals maker’s high boss Ramon Laguarta mentioned in a interview to CNBC on Monday.

The maker of Mountain Dew soda and Doritos chips in December 2017 reserved 100 of Tesla’s electrical semi vehicles because it sought to scale back gas prices and fleet emissions.

Transportation accounts for 10% of PepsiCo’s fuel emissions, in keeping with Laguarta. The corporate had beforehand mentioned it goals to make use of the vehicles to ship snack meals and drinks between manufacturing and distribution facilities in addition to to retailers.

PepsiCo and Tesla didn’t instantly reply to Reuters requests for feedback. Walmart Inc, fleet operator J.B. Hunt Transport Providers Inc, and meals distributor Sysco Corp have additionally positioned orders for Tesla’s semi-trucks.

Final month, rental automobile agency Hertz mentioned it might order 100,000 Tesla automobiles by the tip of 2022.

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Final week, Hertz mentioned it positioned an preliminary order of 100,000 Teslas. Interim Hertz Chief Govt Mark Fields instructed Reuters the order will primarily be Mannequin 3 automobiles. The announcement, triggered a meteoric rally within the carmaker’s inventory serving to the corporate surpass $1 trillion in market worth.

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