The 18-wheeled big rig.
Its an iconic piece of American culture.
I can still remember traveling down I-95 as a child. Pumping my fist at every truck we passed. Hoping theyd blow their horn in response.
But times are changing, and the iconic cargo hauler is getting a massive design upgrade.
Teslas recently revealed all-electric semi truck has sparked a buying frenzy in recent weeks.
Tesla might be known for its cars.
But its electric truck division is why the company is a fantastic buy right now.
Teslas Reals Cash Cow
Companies are lining up to order Teslas new semi truck.
The first major deal for Teslas semi was struck with Anheuser-Busch, adding 40 new vehicles to its distribution fleet.
The investment in Teslas trucks marks Anheuser-Buschs commitment to sustainability and to reduce operational carbon footprint by 30% by 2025, as stated on their website.
According to Electrek, if Anheuser-Busch achieves its goal of a 30% reduction, thats equivalent to taking 500,000 gas cars off the road.
Taking note and following suit, other major companies have also placed major orders to upgrade their fleets.
Sysco, the worlds largest food distributor, recently agreed to purchase 50 of Teslas new trucks.
Currently, Sysco operates a fleet of approximately 7,000 trucks. But their foray into electric marks a significant shift in industry demands reflective of changing global perspectives.
Cost reduction is an obvious driver for change here, but many also note corporate responsibility to protecting the environment as another major driver.
As Tom Ben茅, president and COO of Sysco, notes:
This reinforces Syscos commitment to corporate social responsibility by reducing the environmental impact of our operations. In addition to the positive environmental impacts, we will also benefit from reduced fuel and maintenance costs and drive associate enthusiasm with the introduction of new and unique technology.
Pepsi, however has made the biggest splash to date. The company one-upped everyone by revealing that it would add a whopping 100 trucks to its fleet, with a down payment of $20,000 per truck.
Tesla may have found its true cash cow. Check out their chart for the past 30 days:
The trucks can travel 300500 miles on one charge, depending on the model. In terms of operating costs, these trucks offer a much cheaper alternative to traditional semis.
As a bonus, Tesla also claims these new electric trucks will be the fastest rigs on the road.
Faster, cheaper transport. Thats a dream scenario for shippers and distributors nationwide.
But Anheuser-Busch, Sysco and Pepsi arent the only major names placing orders for Teslas new truck.
Walmart ordered 15 trucks in November too.
J.B. Hunt, DHL, JK Moving and others have also agreed to purchase or lease Teslas $150,000200,000 hauler.
Doing the math: Thats a huge emerging revenue stream for Tesla.
Teslas cars might grab the headlines, but its the truck division thats paving the road to big profits right now.
Maybe cars for consumers are incidental to Teslas long-range plans.
For Tomorrows Trends Today,