Einride (ENRD) Just Bet Big on Tesla (TSLA)

On August 18, 2026, Einride AB (NASDAQ:ENRD) announced it would add 500 Tesla Semi trucks to its fleet, expecting revenue growth to more than double in the second half of the year. The news sent shares soaring 12% before they retreated to a 7% decline by day's end. This dramatic swing highlights the uncertainty surrounding Tesla's Semi truck, which has been on the market for nearly nine years.

The question remains: does this deal prove the Tesla Semi is viable at scale, or is Einride's volatile stock a warning that the bet might be risky?

The 500-truck order is funded entirely by outside sources, expected to triple Einride's fleet to around 750 trucks, with growth projections reaching 1,500 to 2,000 by 2028. First-half revenue rose 26% year-over-year, with growth expected to accelerate to 60% to 75% in the second half due to additional Amazon contracts. However, Einride's net loss increased to $117.56 million, largely due to one-time costs associated with its June stock market listing.

Shares of Einride have been on a downward trend, with a 43% drop in 2026, leaving the company valued under $1 billion despite taking on this significant equipment bet. The acquisition of the world's largest Tesla Semi order validates that Tesla's truck can find real buyers as production ramps up at its Nevada plant. The Semi boasts a range of up to 500 miles on a single charge and can recharge from 0% to 60% in about 30 minutes.

Einride is leveraging these trucks for Amazon's middle-mile deliveries, where fuel savings could offset the added weight of batteries compared to diesel vehicles. However, Tesla's stock did not react to the news, falling 0.7% on the same day, indicating that the deal barely impacts the market's valuation of the company. The 500-truck order represents a small fraction of the 50,000-truck annual output Tesla aims for, and the deal is funded through external sources, not Einride's own money, suggesting Tesla's near-term cash gain is less significant than the number of trucks would imply.

Einride is putting its entire growth strategy on the line, trusting Tesla hardware to perform at scale. Yet, the company's own stock movements show that even its most optimistic investors are unsure if this bet will pay off. While we recognize the potential of Tesla as an investment, we believe certain AI stocks offer greater upside potential and lower risk. For an extremely undervalued AI stock that could benefit from Trump-era tariffs and the onshoring trend, our free report highlights the best short-term option.