Tesla Inc (TSLA) Working With Semi Truck Buyers For On-Site Charging Stations

Tesla Inc (NASDAQ:TSLA) is still years away from delivering its first electric semi trucks to customers, but it’s already thinking ahead about how it’s going to deliver power to all those vehicles.

As Reuters reports, the EV maker is apparently working with some of its largest early semi truck buyers to help build charging stations at their facilities.

Reuters has learned that Tesla is collaborating with Anheuser-Busch, PepsiCo and United Parcel Service Inc to build on-site charging terminals at their facilities as part of the automaker’s efforts to roll out the vehicle next year.
Details of the partnerships, which have not been disclosed previously, are still being hammered out, but include design and engineering from Tesla, the companies said. They declined to disclose what portion of the building costs, if any, Tesla would pay, or whether Tesla would be compensated for its work.

In all, nine major corporations have placed orders for the all-electric trucks, which promise neck-bending acceleration, long hauling ranges, and unprecedented safety features. The trucks should also offer full autonomy within the next few years, Tesla said.

Tesla Inc shares closed at $343.75 on Friday, down $5.50 (-1.57%). Year-to-date, TSLA has gained 10.41%, versus a 3.22% rise in the benchmark S&P 500 index during the same period.

TSLA currently has a StockNews.com POWR Rating of B (Buy), and is ranked #7 of 24 stocks in the Auto & Vehicle Manufacturers category.