Tesla Said Its Semi-Trucks Would Cost As Much As $180K — But They're Reportedly Way More Pricey

Sacramento Metropolitan Air Quality Management District executive director Alberto Ayala reportedly hinted at the price paid for Tesla Inc‘s (NASDAQ:TSLA) semi-truck- and it’s way higher than what Tesla announced.

What Happened: Food and beverage maker PepsiCo Inc (NASDAQ:PEP) showcased its fleet of 18 Tesla semi-trucks at its Sacramento facility on Tuesday, bought with a grant from Sacramento Metropolitan Air Quality Management District.

See Also: Best Auto Manufacturer Stocks

Sacramento Metropolitan Air Quality Management District executive director Alberto Ayala told The Sacramento Bee that the district paid for the 18 semi trucks with $4.5 million in grants.

Given that the cost of a Tesla Semi is around $250,000, grants are needed to encourage companies to buy zero-emission vehicles, Ayala said, as reported by the Sacramento-based daily.

Tesla launched the semi-truck in 2017. During the launch, Tesla pegged the price of the 500-mile version of the truck at $180,000 and the 300-mile range version at $150,000. The price paid by PepsiCo is roughly 40% higher than the price initially announced for the higher-range version of the much-awaited semi-truck.

PepsiCo received a total of 36 Tesla Semis from December last year, deployed in parts in Modesto and Sacramento.

Check out more of Benzinga’s Future Of Mobility coverage by following this link.

Read Next: Ford Overtakes Tesla In UK With ‘Hands-Free' Feature In Mustang Mach-E Cars