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COMING UP:Share Opener Variant 4

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Transcript

00:00:00
>> Tesla jolted the truck market last year when it was the first to unveil its electric big rig with CEO Elon Musk. Doing the honor of driving it on stage. And its promised range of 500 miles, and generated big interest with large public pre-orders from the likes of Pepsi and UPS.
00:00:18
But now it looks like it squandered that advantage allowing serious competition into the race. Reuters' correspondent, Nick Carey.>> Tesla had a huge head start when it comes to electric cars. They left the rest of the auto industry flat footed, and others have been rushing to catch up.
00:00:36
And when they unveiled they semi last year, it looked like they might be first to market, they were saying 2019. As has been the case with the passenger cars. They've already moved out that target and they are now saying 2020. And in the meantime, there are a lot of others who are getting into the business.
00:00:56
And who are gonna be coming out with trucks at around the same time.>> For example, Toyota already has two prototype fuel cell electric trucks testing in the Port of LA and in Arizona. Fuel cells are powered with hydrogen, and water is the only thing out of the tailpipe.
00:01:13
And unlike plug-in vehicles, they don't need downtime to charge up. Toyota has already been selling cars that use this technology.>> This is the Toyota Mirai, this is a vehicle that we've been selling in California for about three years now. And it's a vehicle that runs on pure hydrogen, it's a fuel cell vehicle.
00:01:30
And what's really amazing is we take two of those, just two of those fuel cell stacks. And we put them in that big truck behind me, and we power that big truck.>> And there are other, German truck maker Daimler will launch it's 250 mile range eCascadia in 2021.
00:01:46
>> They have very large distribution networks in the US. Anyone who's running a truck can call up a dealership and have their vehicles serviced within a very short period of time. Tesla doesn't have that.>> And that could mean some serious headwinds for Tesla in the race of the electric big-rig.