Rio Tinto's California Boron Assets Attract Over a Dozen Bidders, Valued at Up to $2 Billion 
Goldman Sachs, ANZ Cut Oil Forecasts Amid U.S.-Iran Ceasefire Hopes 
Disney Plans to Cut 1,000 Jobs Amid Ongoing Restructuring Efforts 
Japan Consumer Confidence Drops Sharply Amid Rising Fuel Costs and Middle East Tensions 
Anthropic's Mythos AI Model Sparks Emergency Cybersecurity Meeting With Top U.S. Bank CEOs 
Bendigo and Adelaide Bank Posts Strong Q3 Earnings, Announces AI-Driven Job Cuts 
Alibaba Shares Slide as Jefferies Slashes Price Target Over AI Spending and Business Losses 
China's Inflation Data Misses Forecasts as Consumer Prices Slow in March 
Lumentum Holdings Rides AI Wave With Order Book Filled Through 2028 
Tokyo Electric Power Attracts Major Investors Amid Billion-Dollar Restructuring Push 
Foreign Investors Pour $18.65 Billion into Japanese Stocks Amid Market Stabilization 
China Vanke Seeks Bond Extension Amid Mounting Debt Crisis 
U.S. Markets Post Strong Weekly Gains Despite Middle East Tensions and Rising Energy Prices 
Trump Claims Oil Tankers Heading to U.S. Amid Iran War and Strait of Hormuz Crisis 
Asia FX Weekly Gains Hold Amid U.S. Inflation Data and Iran Ceasefire Uncertainty 
Gold Prices Rise on Weaker Dollar and Ceasefire Hopes 
Pilots Fear Retaliation for Refusing Middle East Flights Amid Ongoing Conflict 
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.
