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Will Elon Musk and Tesla Transform the Trucking Industry?

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In a post on Twitter, Tesla CEO Elon Musk has announced the company will unveil a semi-truck in September. Then, prompted by a response to the post, Musk revealed that a Tesla pickup is coming in 18 to 24 months.

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Tesla isn’t the only company working on zero emissions trucks. Another company named after the same man, Nikola Motor Company is developing a hydrogen powered semi with zero emissions and a range of 800-1,200 miles.

Cummins has also developed engines that are installed in Peterbilt trucks which run on natural gas and produce NOx emissions similar to those of electric vehicles once grid emissions are factored in.

The race to produce more efficient trucks is certainly good for the environment, but will also help shield shipping companies from fuel costs in a market that is ever more dependent on the door-to-door model of e-commerce.

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E.J. Smith - Your Survival Guy

E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West (RIP JB) and Paris. Please get in touch with E.J. at ejsmith@yoursurvivalguy.com To sign up for my free monthly Survive & Thrive letter, click here.

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