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Sysco orders 50 Tesla semi trucks

Published 12/08/2017, 08:40 AM
© Reuters.  Sysco orders 50 Tesla semi trucks
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  • Sysco (NYSE:SYY) announces that it placed an order for 50 Tesla (NASDAQ:TSLA) electric semi trucks.
  • “We are excited to begin the process of incorporating alternative-fuel trucks into our fleet,” says Sysco COO Tom Bené
  • "In addition to the positive environmental impacts, we will also benefit from reduced fuel and maintenance costs and drive associate enthusiasm with the introduction of new and unique technology," he adds.
  • Currently, Sysco utilizes about 7.5K trucks to make deliveries to over 425K customers.
  • Analysts have called the food distribution industry a natural fit for the electric truck concept due to the lower average haul.
  • Tesla is expected to begin production of the semis in 2019.
  • Source: Press Release
  • Now read: Tesla: Institutional Sentiment


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