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Sacramento Metropolitan Air Quality Management District executive director Alberto Ayala reportedly hinted at the price paid for Tesla Inc‘s (NASDAQ:TSLA) semi-truck- and it’s way higher than what Tesla announced.
What Happened: Food and beverage maker PepsiCo Inc (NASDAQ:PEP) showcased its fleet of 18 Tesla semi-trucks at its Sacramento facility on Tuesday, bought with a grant from Sacramento Metropolitan Air Quality Management District.
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Sacramento Metropolitan Air Quality Management District executive director Alberto Ayala told The Sacramento Bee that the district paid for the 18 semi trucks with $4.5 million in grants.
Given that the cost of a Tesla Semi is around $250,000, grants are needed to encourage companies to buy zero-emission vehicles, Ayala said, as reported by the Sacramento-based daily.
Tesla launched the semi-truck in 2017. During the launch, Tesla pegged the price of the 500-mile version of the truck at $180,000 and the 300-mile range version at $150,000. The price paid by PepsiCo is roughly 40% higher than the price initially announced for the higher-range version of the much-awaited semi-truck.
PepsiCo received a total of 36 Tesla Semis from December last year, deployed in parts in Modesto and Sacramento.
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Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.