Trucking company J.B. Hunt Transport Services Inc. (JBHT - Get Report) announced Friday that it placed a reservation for "multiple" Tesla Semi tractors. J.B. Hunt, which is one of the largest supply chain companies in North America, said it plans to deploy the electric semi trucks to its Intermodal and Dedicated Contract Services divisions on the West Coast.
"We believe electric trucks will be most beneficial on local and dray routes, and we look forward to utilizing this new, sustainable technology," J.B. Hunt CEO John Roberts said in a statement.
Tesla unveiled its Semi model Thursday evening. The truck can drive 500 miles at maximum weight and highway speed on a single charge, meaning it will meet the needs of most long-haul truck drivers. The Tesla Semi can go from zero to 60 miles per hour in five seconds by itself, or 20 seconds with an 80,000-pound load.
Walmart Stores Inc. (WMT - Get Report) also said Friday it plans to get its hands on some Tesla Semis. The big box retailer has ordered 15 of the trucks, according to a statement it sent to CNBC. Five of the units will be for the U.S. and 10 will be sent to Canada.
"We believe we can learn how this technology performs within our supply chain," Walmart said, "as well as how it could help us meet some of our long-term sustainability goals, such as lowering emissions."
Tesla stock jumped 0.94% to $315.43 in midday trading Friday. J.B Hunt stock fell 1.61% to $101.32 and Walmart shares fell 2.65% to $96.96.
The high-end roadster is far from the first time Elon Musk made a show stopping announcement:
More of What's Trending on TheStreet:
- Tesla CEO Elon Musk Unveils His Mind-Blowing Electric Truck, High-End Roadster
- Intel's Artificial Intelligence Deserves Respect From Wall Street
- How to Eat Junk Food Like Microsoft Billionaire Bill Gates
- 10 Key Habits of World-Class Money Savers
Editors' pick: Originally published Nov. 17.