UPS (NYSE:UPS) just placed the largest order of the new Tesla (NASDAQ:TSLA) Semi-electric trucks rolled out by Tesla. Just beating PepsiCo’s (NYSE:PEP) recent 100 vehicle order from a week ago, the global shipping giant pre-ordered 125 trucks.
UPS currently has 8,500 alternative fuel rigs in service all around the globe and the company has made a strong commitment to reducing its greenhouse emissions by 12 percent by 2525. The company has set out a large and ambitious alternative vehicle purchase plan, which would benefit both UPS and Tesla for the future.
The delivery giant currently holds 108,000 vehicles in their fleet from delivery cars, vans, tractor motorcycles and its hybrid alternative fuel trucks. The large freight portion of the company owns over 5,500 which tow around 21,000 trailers which would add more demand for Tesla’s fledgling truck business.
The current trucks many large companies are ordering from Tesla, the long-range versions of its Semis are said to cover 500 miles between charges. What they are also throwing in these models is their latest semi-autonomous auto-pilot and the car company claims that the running costs of these semis are seemingly lower than modern semis currently being used.
Tesla currently has a number of smaller orders that are being placed in their pilot pre-order reservations, ahead of its truck launch. Tesla’s current site states that each truck requires a $20,000 reservation if UPS paid the full amount of each truck they just invested a good $2.5 million. Elon Musk, Tesla’s CEO, took to Twitter (NYSE:TWTR) to thank the company for their order.
UPS’s current stock price closed at $119.00 a share today, up .16% on the day.
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