Einride Stock Soars After Announcing 500 Tesla Semi Truck Deal With Amazon
TLDR
- Einride shares jumped over 18% after announcing plans to deploy 500 Tesla Semi trucks over the next 24 months.
- The trucks will haul freight for Amazon across five U.S. states, including California, Texas, and New Jersey.
- The deal will triple Einride’s fleet from around 250 to roughly 750 vehicles.
- Einride reported first-half 2026 revenue of $27 million, up 26% year over year.
- The company expects its revenue growth rate to more than double in the second half of 2026.
Swedish freight technology company Einride saw its stock jump more than 18% in premarket trading on Tuesday after announcing what it called the world’s largest Tesla Semi deployment.
The company plans to add 500 Tesla Semi trucks to its fleet over the next 24 months. The deal will triple its current fleet size, growing from around 250 vehicles to roughly 750.
The trucks will be fully financed by third parties. Einride said the deployment supports its efforts to convert around $800 million in potential long-term annual recurring revenue into active freight capacity.
… Continue reading the full article at the original source below.
This content is automatically aggregated. Full credit goes to the original publisher (coincentral.com).
