Tesla Motors Inc (NASDAQ:TSLA) co-founder Ian Wright is back in business with a bang. He is eyeing to launch Tesla Motors Inc (NASDAQ:TSLA) electric trucks in the near feature. Wright has his reasons for this new endeavor. In an article on USA Today, it was reported that Wright thinks that trucking industry is not fuel efficient. According to Tesla Motors Inc (NASDAQ:TSLA) cofounder, a normal truck can take around 14,000 gallons a year whereas a normal car takes 600 gallons.
Wright suggests that if Tesla Motors Inc (NASDAQ:TSLA) could craft out electric technology for commercial trucks, no less than $80,000 could be saved on each truck, maintenance and fuel costs combined.
The source said that Tesla Motors Inc (NASDAQ:TSLA)’s cofounder is already working on some projects regarding electric trucks and he has got success in many. FedEx, a cargo shipment company gave many trucks to Wrightspeed, Tesla’s cofounder’s startup to change them to electric trucks.
Propane gas and regenerative braking is the technology used by Wright to charge the batteries of big, old trucks. Another recycling company from San Francisco signed a deal with Tesla Motors Inc (NASDAQ:TSLA)’s cofounder, in which they gave their 17 trucks to convert them to electric technologies.
Wright said that Tesla Motors Inc (NASDAQ:TSLA) revolutionized the cards industry. He thinks that if recycling of trucks engines and designing them for electric batteries could get a boost in the country, his company could scale bigger than Tesla Motors Inc (NASDAQ:TSLA).
Tesla Motors Inc (NASDAQ:TSLA) cofounder’s endeavors could bring a massive change in the heavy automobile industry in the US. The state of the art technology and implementation could guarantee success.
Daniel Benton’s Andor Capital Management is one of the shareholders of Tesla Motors Inc (NASDAQ:TSLA), having around 1.25 million shares of the company.
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