Tesla Semi Truck: TSLA Shares Go Up After Walmart Preorders Tesla's Tractor Trailer
Earlier this week, Tesla was at the center of the tech news cycle for the wrong reasons: Former employees accused Elon Musk’s electric car manufacturer of fostering a toxic, racist work environment in a new lawsuit. Thanks to the unveiling of Tesla’s new, bizarre looking semi-trucks, the company has managed to shine the spotlight on itself for more positive reasons.
American retail giant Walmart announced its plan to test the new electric tractor trailer Friday, preordering 15 for its large truck fleet. According to CNBC, five of those trailers will be in the United States Walmart fleet, while 10 of them will go to the Canadian fleet. The total size of the fleet is 6,000 trucks, so these trailers will make up only a tiny fraction of the total fleet.
The news was met with applause from investors. After Walmart’s announcement, Tesla shares rose 1.95 percent to $318.59 per share.
