Transportation

Anheuser-Busch Goes for the Green With New Tesla Deal

Chris Lange

Published: December 7, 2017 10:50 am

Last Updated: January 12, 2020 5:40 am

Tesla Inc. (NASDAQ: TSLA) has been pushing the envelope for batteries and autonomous vehicles, and the firm just found its newest client in Anheuser-Busch InBev S.A./N.V. (NYSE: BUD). The world’s largest beer company announced that it will be adding 40 Tesla semi trucks to its fleet as part of its movement toward a greener future.

These semis were only unveiled recently by Tesla, and this order represents one of Tesla’s largest reported preorders. These trucks will be fully electric-powered and equipped with autonomous driving capabilities, as part of the company’s commitment to improving road safety and reducing carbon emissions.

At the same time, integrating the Tesla semi trucks into the brewer’s distribution network will help Anheuser-Busch achieve its commitment to reduce its operational carbon footprint by roughly 30% by 2025, more or less the equivalent of removing nearly 500,000 cars from the road globally each year.

While Anheuser-Busch has been a front-runner and pioneer in the beer industry, this move also supports its green initiative. Dilly dilly.

James Sembrot, Senior Director of Logistics Strategy, commented:

At Anheuser-Busch, we are constantly seeking new ways to make our supply chain more sustainable, efficient, and innovative. This investment in Tesla semi-trucks helps us achieve these goals while improving road safety and lowering our environmental impact.

He added:

We can’t wait to get these trucks on the road, and keep leading our industry forward to a greener, smarter future in partnership with some of the world’s most innovative companies. The transportation industry is evolving fast, and we’re really excited to play a leadership role in driving this evolution by integrating these new technologies across our network.

Shares of Tesla were last seen up about 1.3% at $317.18, with a consensus analyst price target of $310.91 and a 52-week range of $189.54 to $389.61.

Shares of Anheuser-Busch recently traded down about 1.4% at $111.41. The stock has a 52-week range of $100.90 to $126.50.