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By: Wayne S. Melnick
Last month, Tesla Motors announced that it was taking its electronic vehicle technology one step further with the unveiling of the Electric Semi Truck . If the numbers are to be believed, the Tesla Semi not only achieves 0-60 in five seconds (unloaded) by also reduces the cost of shipping from $1.51/mile to $1.26/mile.
Earlier this week, United Parcel Service announced it was going all-in on the Tesla Semi ordering 125 of the new units. At an estimated cost between $150,000-$200,000/unit, that order could be worth as much as $25M. (Yes, 25 Million Dollars). If you’ve been following this story, this is not the end of the line, but rather, just the beginning. With that big an investment, it is clear that UPS and Tesla have their eyes on the future. Electronic Trucks are just the first steps towards what is expected to the ultimate goal: Driverless Semis.
We will continue to keep watch of developments of this technology. Needless to say, the idea of Driverless Semis raises all sorts of legal and insurance questions. As such, it is important to stay on top of developments and FMG will continue to keep you informed as they occur.
If you have any questions or would like further information, please contact Wayne Melnick at [email protected].