Einride forecasts faster growth, adds 500 Tesla Semi trucks to fleet

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 8/22/2026

1. WMT
2. ROST
3. AAP
4. SPY
5. NVDA
6. AVGO
7. SPCX
8. DE
9. OSIS
10. REAX

August 18, 2026 6:33 AM EDT

Visitors queue to enter the Tesla Semi truck, a fully electric semi-trailer truck, at the booth of the U.S. carmaker at the IAA truck show in Hanover, Germany, September 17, 2024. REUTERS/Fabian Bimmer

Aug 18 (Reuters) - Einride AB ‌said it expects ​revenue ​growth rate to more than double in the second half of the year and announced a deal to add 500 ‌Tesla Semi trucks to its fleet, sending its shares soaring 12% ⁠in early trading on Tuesday.

The Swedish freight technology company said the first Tesla Semi ‌deployments are expected in September.

• ‌Einride said the Tesla truck deployment will be financed through third-party funding and is expected to triple its fleet to about 750 vehicles.

• ​The company is targeting cash-flow breakeven in 2028 and a fleet of approximately 1,500 to 2,000 trucks by then.

• It expects constant-currency revenue ⁠growth rate to more than double in the second half of 2026 from a year ago ​as deployments ramp up in the U.S. and Europe.

• "We're getting to a point where we get access to the hardware ​in the form that we want and ‌need and now that's where the software comes in, to be able to deploy that hardware in an efficient ⁠way into our entire network," CEO Roozbeh Charli told Reuters.

• With the addition of Tesla, Einride now sources from five to six truck brands including Netherlands-based ⁠DAF, Charli said.

• Einride's revenue rose 26% year-over-year on a constant-currency basis in the first ​half of the year, driven by higher customer volumes and fleet deployments.

• But net loss widened to SEK 1.12 billion ($117.56 million), mainly due to one-time listing, recapitalization and ‌share-based compensation charges linked to its Nasdaq debut.

• Einride, which listed on Nasdaq in June via a merger ‌with a blank-check firm, develops electric and autonomous freight technology. Its shares have ⁠fallen more than 50% since ‌their debut as of ​Monday's close.

($1 = 9.5273 Swedish crowns)

(Reporting by Rashika Singh in Bengaluru and Marie Mannes in Stockholm; Editing by Vijay Kishore and ‌Sahal Muhammed)


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Reuters

Related Entities

Tesla, Definitive Agreement