- Morgan Stanley sees the deployment of 15 Tesla (NASDAQ:TSLA) trucks by PepsiCo (NASDAQ:PEP) as a "real world validation" of the upside for the truck business.
- PepsiCo plans to use fifteen Tesla Semi electric trucks to replace its existing diesel-powered freight equipment at a Frito-Lay manufacturing site in California.
- Although the PepsiCo deployment is small, MS expects the adoption of EV trucks in the freight industry to accelerate.
- Last week, Anheuser-Busch InBev announced a bigger push into EV trucks through a partnership with BYD.