One of the future vehicles that could help with growth for Tesla Inc TSLA is the Tesla Semi.
Several companies have placed orders with the electric vehicle giant for the Tesla Semi and one of the largest companies in the world may have just taken its first delivery.
What Happened: Recently, a Tesla Semi featuring Walmart branding and the Walmart Transportation LLC logo on the main cab was spotted at a Walmart Inc WMT location, with user Accelerating Tech sharing pictures and a video of the vehicle on social media.
Walmart has placed an order with Tesla for hundreds of Tesla Semi units, but it is unknown how many deliveries the company has taken.
Tesla has delivered Tesla Semi units to PepsiCo PEP as one of its key customers. Pepsi said earlier this year the Tesla Semi passed the 1,000 miles in a single day testing point.
Why It's Important: The pictures shared on social media were well received by Tesla influencers on X as Tesla has been relatively quiet about the Tesla Semi segment.
The owned vehicle by Walmart could see the retail giant providing real-life feedback to Tesla to help lead to increased production by this key customer.
Tesla said during its first-quarter earnings call that Semi deliveries are expected to come in late 2025 and into 2026. The expansion of Gigafactory Nevada is also expected to increase Tesla Semi production.
Vice President of Vehicle Engineering Lars Moravy said that engineering of the Tesla Semi is being finalized in a move that will lead to high-volume production.
TSLA Price Action: Tesla shares are up 1.6% to $184.21 on Monday, versus a 52-week trading range of $138.80 to $299.29.
Read Next: Tesla Semi Ready To Replace Diesel Trucks, Says Unit Head As He Cheers EPA’s Tough New Standards
Image generated using artificial intelligence via Midjourney.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
