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Commercial Fleet

All articles tagged with #commercial fleet

Tesla Begins Semi Volume Production as Diesel Prices Hit Record Highs
business15 days ago

Tesla Begins Semi Volume Production as Diesel Prices Hit Record Highs

Tesla has commenced volume production of its Semi electric truck at its new facility in Sparks, Nevada, with initial deliveries starting this week. The launch coincides with record-high diesel prices, averaging over $6.50 per gallon in the U.S., which improves the economic case for electric fleets. Tesla plans to expand its Megacharger network to 30 locations by year-end and aims for annual production of 50,000 units. Early orders, including 2,500 units from the ZET SCALE coalition and 500 from Einride, indicate strong demand despite the vehicle's long development timeline.

"Rivian's AT&T Fleet Deal Sends Stock Soaring, Boosting EV Market"
business2 years ago

"Rivian's AT&T Fleet Deal Sends Stock Soaring, Boosting EV Market"

Rivian's stock surged by 14% after announcing a deal with AT&T for the telecom giant to purchase Rivian vans and R1 vehicles for its commercial fleet, as part of a pilot program aimed at reducing transport vehicle emissions. The financial details and number of vehicles involved were not disclosed. In addition to the fleet purchase, AT&T will be Rivian's exclusive provider of internet connectivity for all its commercial vehicles in the US and Canada. Rivian's stock has been on the rise, climbing over 34% in the past three months, and the company recently increased its full-year production forecast to 54,000 units. Rivian also introduced a lease program for its R1T pickups, allowing lessees to benefit from the commercial EV tax credit.