Tesla gets a boost from Budweiser

Anheuser-Busch reserves 40 Tesla all-electric Semi trucks

Tesla gets a boost from Bud. See Stockwinners.com
Tesla gets a boost from Bud.

Anheuser-Busch (BUD), parent company of Budweiser, has reserved 40 of Tesla’s (TSLA) all-electric Semi trucks and plans to use the trucks for shipments to wholesalers within 200 miles of its brewery locations, The Wall Street Journal reports.

Anheuser-Busch hasn’t yet decided whether to buy the Semi vehicles outright or lease them, James Sembrot, the company’s senior director of logistics strategy, says. The Semi will be available in 2019.

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Tesla gets a boost from Budweiser – Stockwinners.com

The vehicles would be deployed among the brewer’s so-called dedicated fleets of about 750 trucks, which bear the company’s branding but are owned and managed by outside carriers.

Anheuser-Busch hasn’t yet decided whether to buy the vehicles outright or lease them, said James Sembrot, the company’s senior director of logistics strategy. It could also ask one of its dedicated carriers to buy or lease the trucks. The Semi won’t be available until 2019.

“We put the reservations down so we can prioritize our place in line,” Mr. Sembrot said. “We don’t know who the carrier is going to be in two to three years when these things are actually produced.”

He declined to discuss the cost for the reservation, which he said was placed before the Semi’s debut in California last month. Tesla had set deposits at $5,000 at the time of the November announcement but has since raised the amount to $20,000. Tesla expects the trucks to list for $150,000 to $200,000; a new diesel-powered heavy-duty truck can sell for $150,000.

OTHER  ORDERS

According to a Bloomberg report, the Michigan-based grocery chain Meijer, Inc. placed deposits on four of the new trucks at $5,000 apiece.

Meijer fleet manager Dan Scherer told Bloomberg’s Dana Hull: “Electricity is cheaper fuel than diesel, and you are less dependent on the spot-pricing of fossil fuel.”

Wal-Mart issued the following statement: “We have a long history of testing new technology – including alternative-fuel trucks – and we are excited to be among the first to pilot this new heavy-duty electric vehicle. We believe we can learn how this technology performs within our supply chain, as well as how it could help us meet some of our long-term sustainability goals, such as lowering emissions.”

Wal-Mart says has pre-ordered 10 units of Tesla’s new heavy-duty electric vehicle for Wal-Mart Canada.

J.B. Hunt Transport Services (JBHT) announced that it placed a reservation to purchase multiple Tesla (TSLA) Semi tractors to be manufactured by Tesla.

J.B. Hunt plans to deploy electric tractors to its Intermodal and Dedicated Contract Services divisions to support operations on the West Coast.

TSLA shares are up $3.04 to $316.10.


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