Mentioned:
Einride is making a bit bet on Tesla’s electric commercial trucks. But, why?
What’s happening:
- Einride (NASDAQ: ENRD) has partnered with Tesla to deploy 500 Tesla Semis on their Saga AI fleet intelligence platform
Why it matters:
- This is the single largest planned deployment of Tesla Semis ever in North America
Going deeper:
- Einride has publicly stated that the deployment of Tesla Semi trucks will support Amazon (NASDAQ: AMZN) and other strategic freight customers
- Einride’s Saga AI fleet intelligence platform will be used for routing, load scheduling and charging windows for the Tesla Semis
- Einride will initially begin deploying Tesla Semis in California, Texas, New Jersey, Illinois and Georgia
The intrigue:
- Einride just recently completed their business combination with Legato Merger Corp III and raised a $113M USD equity financing round concurrently with their Nasdaq listing
