Tesla Wins Major Semi Order and That Might Not Even Be the Best Part
Key PointsBetter late than never: Tesla is ramping up volume production of its Semi.
It's an unusual time to be a Tesla investor. The electric vehicle (EV) manufacturer is preparing to unveil its highly anticipated Roadster in October, securing a significant order for its electric Semi truck, and advancing its Cybercab robotaxi rollout, all with the ultimate aim of a future dominated by artificial intelligence (AI), humanoid robots, and driverless vehicles.
Recently, Tesla secured a historic 2,500-unit order from ZET SCALE, marking the largest electric heavy commercial truck order in U.S. history. This single order could nearly double the number of big electric trucks on U.S. roads, with ZET SCALE planning to deploy more than 10,000 over time. While it hasn't been confirmed that all these vehicles will be Tesla Semis, as the company is listed as the primary supplier alongside three other manufacturers, this 2,500-vehicle order already surpasses Tesla's previous largest order for the Einride 500-truck deal.
The most intriguing aspect might not be the order itself. ZET SCALE's financing unit, ZET Financial, is the entity placing the purchase orders, and its sole purpose is to eliminate the residual-value risk for fleet operators. To clarify, when a traditional diesel semitruck is purchased by a company or fleet, they have historical data and knowledge to closely estimate the truck's worth over the next five to ten years, enabling them to account for its future resale value or residual value on their balance sheet.
This financial strategy provides companies with a clear understanding of their investment's future value.
Written by urgent.news from Motley Fool's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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