Tesla just got it's biggest pre-order for its Semi yet from Anheuser-Busch.
Tesla is rising after receiving its largest pre-order for its electric semi trucks to date.
Shares are up 0.52% at $314.88 Thursday after Anheuser-Busch announced it had placed an order of 40 semi trucks. Anheuser-Busch did not say how much it paid to reserve the vehicles, but Tesla is currently offering reservations for $20,000 on its website, which suggests $800,000.
The move matches a trend from Anheuser-Busch, which completed what it calls the first-ever autonomous beer delivery in October of last year. The company autonomously drove a truckload of its beer 132 miles thanks to a partnership with the Uber-owned company Otto.
Anheuser-Busch said the trucks would help it cut its carbon footprint 30% by 2025, equivalent to removing about 50,000 cars from the road.
The move is a big vote of confidence for Tesla, as the company launched its Semi in the middle of struggling through its Model 3 production. The company has had issues producing enough vehicles to match the demand of its approximately 450,000 vehicle-strong list of preorders. Tesla said in its most recent earnings call, however, that the problem was a bottleneck in the assembly of the car's batteries, and it is working to solve the issue.
Tesla has said it will begin production of its Semi in 2019.