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Tags: Climate Change | Financial Markets | Infrastructure | Money | PepsiCo | Tesla | EV

PepsiCo Buying Electric Trucks from Tesla: CNBC

PepsiCo truck
(AP)

Monday, 08 November 2021 10:30 AM

PepsiCo Inc will get its first set of Tesla Inc electric trucks in the fourth quarter, the packaged food maker's top boss Ramon Laguarta said in a interview to CNBC on Monday. The maker of Mountain Dew soda and Doritos chips reserved 100 of Tesla's electric semi trucks as it sought to reduce fuel costs and fleet emissions.

Transportation accounts for 10% of PepsiCo's gas emissions, according to Laguarta. The company had previously said it aims to use the trucks to ship snack foods and beverages between manufacturing and distribution centers as well as to retailers.

PepsiCo and Tesla did not immediately respond to Reuters requests for comments.

Walmart Inc, fleet operator J.B. Hunt Transport Services Inc, and food distributor Sysco Corp have also placed orders for Tesla's semi-trucks.

Last month, rental car firm Hertz said it would order 100,000 Tesla vehicles by the end of 2022.

(Story was updated at 10:30 a.m. EST)

© 2022 Thomson/Reuters. All rights reserved.


StreetTalk
PepsiCo Inc is buying electric trucks from Tesla Inc and getting the first set of delivery in the fourth quarter, the packaged food maker's Chief Executive Officer, Ramon Laguarta, said in an interview with CNBC on Monday.
PepsiCo, Tesla, EV, electric truck
154
2021-30-08
Monday, 08 November 2021 10:30 AM
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