FedEx is adding itself to the increasingly long list of companies ordering Tesla Semi electric trucks in order to replace their diesel trucks in their ‘FedEx Freight’ fleet.
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Mike Ducker, CEO and President of FedEx Freight, made the announcement today:
FedEx has a long history of innovation and incorporating sustainability efforts throughout its global network. Our investment in these trucks is part of our commitment to improving road safety while also reducing our environmental impact.
While it’s a significant order for Tesla Semi, it’s a smaller order than FedEx’s major competitor UPS placed with Tesla.
Last year, UPS ordered 125 electric trucks from Tesla. It was the biggest order publicly confirmed for Tesla Semi.
It follows a series of orders from several companies since Tesla launched the program in November.
At the unveiling event, Tesla unveiled two electric truck options with 300 and 500 miles of range.
After Tesla revealed the pricing of its electric semi trucks, we learned that the regular production versions for the 300-mile and 500-mile range versions will be $150,000 and $180,000 respectively, while the company is also listing a ‘Founders Series’ version for $200,000.
This means that FedEx’s order alone is worth between $3 million and $3.6 million.
Tesla first started taking reservations with a $5,000 deposit per truck, but has later changed the listed deposit price to $20,000 for a “base reservation” of the production version and the full $200,000 for the “Founders Series” truck.
Since FedEx is only now confirming its order, they likely had to place a $400,000 deposit.
As we recently reported, Tesla Semi is currently undergoing testing ahead of next year’s planned production as a prototype is traveling around the US to some customers.