The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Trump does have some powerful tools that would not require approval from U.S. Congress.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...Politicsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
PepsiCo's order is the largest known pre-order for the trucks, which were unveiled in late November and are scheduled for production in 2019. Several other companies, such as Walmart, Anheuser-Busch and J.B. Hunt Transport Services, have also said they are reserving trucks. Estimates suggest companies have reserved more than 250 trucks so far.
Reservations for the base model are $20,000 and $200,000 for a special Founders Series. Both reservations are refundable up to the point that customers sign a purchase agreement.
The demand is a sign of confidence that Tesla's truck can offer customers value at least competitive with what is already in the marketplace, Consumer Edge analyst Jamie Albertine told CNBC's "Power Lunch " on Tuesday. He said pre-orders alone could represent up to $50 million in revenue for Tesla.
"I think it is a longer term proof case, but to see companies like Pepsi take reservations is a sign of confidence for sure," Albertine said.
Albertine said he thinks companies will be making reservations for fleets in the thousands once Tesla demonstrates what it has been advertising — that the cost-per-mile for the Tesla Semi will be lower than those for diesel trucks.
To be sure, Tesla is not the only company developing trucks with electric powertrains. Incumbents such as Cummins have unveiled their own electric truck prototypes.
"It does seem that the industry is looking more holistically at electric trucks, and Tesla wants to play a role in that as well," he said.