November 14, 2018

AB InBev has ordered 40 Tesla Semi electric trucks to deliver beer

08 December 2017, 03:27 | Randall Craig

Anheuser-Busch Turns to Tesla for Huge Self-Driving Truck Order

Anheuser-Busch buying 40 Tesla trucks

First Eagle Investment Management LLC acquired a new stake in shares of Anheuser Busch Inbev in the third quarter worth $72,294,000. 48 funds opened positions while 146 raised stakes.

To give you a sense of just how much Bud gets hauled around the country, Anheuser-Busch says reducing its greenhouse gases by 30 percent would be the equivalent of taking 500,000 cars off the road every year. Webster Fincl Bank N A reported 0.13% in Anheuser-Busch InBev SA/NV (NYSE:BUD). Checchi Capital Advisers Lc reported 8,235 shares. 4,019 were accumulated by Pennsylvania Tru Communications. Anheuser Busch Inbev's payout ratio is now 117.28%. 104,833 are held by 1832 Asset Lp. Stockholders of record on Wednesday, May 3rd were issued a dividend of $2.12 per share. Franklin Resources holds 0.49% or 8.95M shares in its portfolio. Smithfield Tru Communications owns 185 shares for 0% of their portfolio. CHDRF's SI was 3,600 shares in December as released by FINRA. France-based Exane Derivatives has invested 0% in Anheuser-Busch InBev SA/NV (NYSE:BUD). Argus assumed coverage on shares of Anheuser Busch Inbev in a research note on Friday, September 8th. Therefore 64% are positive. They issued a "buy" rating and a $136.00 price objective on the stock. Anheuser-Busch did not say how much it paid to reserve the vehicles, but Tesla is now offering reservations for $20,000 on its website, which suggests $800,000. The firm has "Buy" rating by Sterne Agee CRT given on Tuesday, July 21.

Major world stock markets advanced on Thursday and the USA dollar rose to a two-week high as risk appetite returned and shareholders kept an eye on US political developments and awaited a key report due out on Friday. Strong Sell. Investors might also notice that two months ago the Buy recommendations (0) were less than Sell recommendations (0). BUD has been the topic of a number of recent analyst reports. The rating was maintained by Jefferies on Friday, July 28 with "Buy". Sterne Agee CRT maintained the shares of BUD in report on Thursday, September 17 with "Buy" rating. The rating was reinitiated by JP Morgan on Tuesday, October 11 with "Neutral". Finally, Societe Generale downgraded shares of Anheuser Busch Inbev from a hold rating to a sell rating in a research note on Monday, November 6th.

In a bid to go green makers of Budweiser reserve 40 Tesla Inc all-electric Semi trucks
Anheuser-Busch just ordered 40 Tesla Semis

The stock decreased 2.11% or $2.44 during the last trading session, reaching $112.97. The Manufacturers Life Insurance Company increased its stake in Anheuser Busch Inbev by 12.5% in the second quarter. It has underperformed by 20.25% the S&P500. And if the trucks end up retailing for around $150,000, that would put Anheuser-Busch's bill to the automaker at $6 million. BUD fell -1.79%, plunged -4.56% and sank -2.21% in the week, one month and six months, respectively.

In addition to its partnership with Tesla, and a range of other recent investments in its transportation operations, Anheuser-Busch is also working with a number of innovative companies, including: Nikola, to develop and implement hydrogen-powered engines within our network, Otto and Uber Freight, to test autonomous driving technology, and Convoy to access on-demand trucking capacity. The company has market cap of $64.40 billion.

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