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PepsiCo To Take Delivery Of Tesla Electric Trucks In Fourth Quarter: Reports

Published on Nov 9 2021 6:50 AM in A-Brands tagged: Trending Posts / Tropicana / Tesla / PepsiCo Inc

PepsiCo To Take Delivery Of Tesla Electric Trucks In Fourth Quarter: Reports

PepsiCo Inc will get its first set of Tesla Inc electric trucks in the fourth quarter.

PepsiCo Inc will get its first set of Tesla Inc electric trucks in the fourth quarter, the packaged food maker's top boss Ramon Laguarta said in a interview to CNBC on Monday.

The maker of Mountain Dew soda and Doritos chips in December 2017 reserved 100 of Tesla's electric semi trucks as it sought to reduce fuel costs and fleet emissions.

Transportation accounts for 10% of PepsiCo's gas emissions, according to Laguarta.

Trucks Use 

The company had previously said it aims to use the trucks to ship snack foods and beverages between manufacturing and distribution centers as well as to retailers.

PepsiCo and Tesla did not immediately respond to Reuters requests for comments.

Walmart Inc, fleet operator J.B. Hunt Transport Services Inc, and food distributor Sysco Corp have also placed orders for Tesla's semi-trucks.

Last month, rental car firm Hertz said it would order 100,000 Tesla vehicles by the end of 2022.

Sale Of Juice Brands 

PepsiCo Inc unveiled a $3.3 billion sale of its Tropicana and other juice brands in North America to French private equity firm PAI Partners on 3 August, as it looks to simplify its product range and move away from high-sugar drinks.

The company, which bought the orange juice maker in 1998 for roughly $3.3 billion and U.S.-based Naked Juice nearly a decade later for $150 million, will keep a 39% stake in the new joint venture and have exclusive U.S. distribution rights for the brands.

The sale will give PepsiCo the funds to develop and grow its portfolio of health-focused snacks and zero-calorie beverages, Ramon Laguarta, chief executive officer said, as the company focuses on more profitable brands.

News by Reuters edited by Donna Ahern, Checkout. For more A Brands stories click here. Click subscribe to sign up for the Checkout print edition.

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