Pepsi (PEP) to Receive First Tesla (TSLA) Semi Trucks in December

Tesla (NASDAQ: TSLA) CEO, Elon Musk announced Thursday on Twitter (NYSE: TWTR) that the company is starting Semi electric commercial truck production and PepsiCo Inc (NASDAQ: PEP) will get the first deliveries on Dec. 1.

When Musk unveiled the prototype of the futuristic, battery-powered Semi in 2017, he said the Class 8 truck would go into production by 2019. The truck is expected to cost $180,000, although it would qualify for a tax break of up to $40,000 under a U.S. subsidy program approved by the Senate.

In another tweet, Musk reiterated that the vehicle has a range of 500 miles (805 km). It was not immediately clear how many Semi trucks the electric vehicle maker plans to produce.

Shares of TSLA are up 0.45% in pre-market trading on Friday.

By Michael Elkins | [email protected]

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