Tesla (TSLA) has partnered with Uber Freight, the logistics arm of Uber Technologies (UBER), to speed up the rollout of its Semi electric trucks. As part of the tie-up, Uber Freight has launched the “Dedicated EV Fleet Accelerator Program.” The program aims to reduce the biggest hurdle for electric trucks, which is the high upfront cost.
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Through this initiative, fleet buyers will get discounts on Tesla Semis. Uber Freight will also provide freight contracts and route planning designed around Tesla’s Semi Charger network, known as “Megachargers.” Together, these steps aim to cut costs for buyers and keep the trucks on the road from day one.
The deal is a win-win. For Tesla, it marks a push into commercial trucks beyond its passenger car business. Meanwhile, for Uber Freight, it brings more zero-emission trucks into its network and gives carriers steady routes and reliable freight.
Uber Freight Ensures Work for Tesla Semis
Under the program, fleets that buy Tesla Semi trucks will run them on dedicated shipping routes within Uber Freight’s network. This setup helps carriers plan their revenue more confidently, while giving shippers steady access to zero-emission trucks.
Uber Freight will also connect carriers with loads from its large base of customers. The goal is to keep the new trucks on the road and help buyers start earning returns quickly.
Tesla Semi Pricing Still a Question
The biggest uncertainty is the price of the Tesla Semi. The company has not given an updated figure since 2017, when it listed the truck at $150,000 for the 300-mile model and $180,000 for the 500-mile model.
Tesla said it will work with fleet buyers in the new program to review the total cost of ownership. That review will include expected savings on fuel and maintenance compared to diesel trucks, which could help offset the higher purchase price. The company plans to begin mass production of the Semi in late 2025, with sales expected to start in 2026.
Is TSLA Stock a Buy?
Turning to Wall Street, TSLA stock has a Hold consensus rating based on 13 Buys, 13 Holds, and eight Sells assigned in the last three months. At $310.73, the average Tesla price target implies a 26.30% downside risk. The stock has gained 77.14% over the past six months.
