As if Elon Musk’s week couldn’t be more eventful, the Tesla (TSLA) CEO gave the automotive world more news to chew on. In a tweet last night, Musk said Tesla has begun production of its long-awaited electric Tesla Semi truck, and that deliveries to Pepsi (PEP) would begin on December 1st. In a follow-up tweet, Musk said the semi would have 500 miles of range and would be “super fun to drive.” Yahoo Finance has reached out to Pepsi for comment, but the company has not responded back at… Source link
Read More »Companies From Google to Pepsi Are Boosting Capital Spending
The biggest U.S. companies keep stepping up their spending on capital projects, an encouraging signal to investors in an uncertain economic climate. Companies from Google parent Alphabet Inc. to General Motors Co. to PepsiCo Inc. are among those that have increased spending on big-ticket items, such as real estate, equipment or technology, to fuel growth. The investments are generally intended to expand the companies’ fast-growing operations or even optimize their inventory in the midst of… Source link
Read More »Pepsi out as Super Bowl halftime show sponsor
For the first time in a decade, Pepsi is out as the title sponsor of the Super Bowl halftime show. Pepsi renewed its long-standing partnership with the NFL on Tuesday, according to CNBC. The deal will allow Pepsi to use the NFL in advertisements, and will have Pepsi, Gatorade and other Pepsi brand products at NFL games and events. That new deal, however, didn’t include rights to the halftime show at the Super Bowl. “Our priorities and their priorities have evolved, and we wanted to make… Source link
Read More »Pepsi, Boston Beer team up to deliver boozy Mountain Dew
Step aside hard seltzer — Boston Beer Company (SAM) is partnering with Pepsi to add another drink to its portfolio, a spiked version of Mountain Dew. On Tuesday, the company announced its partnership with PepsiCo (PEP) to deliver HARD MTN DEW, with 5 percent alcohol. The boozy beverage will come in three flavors: original, black cherry and watermelon, and is expected to hit shelves in early 2022. “The worlds of beer, spirits, wine, and even non-alc beverages are all starting to converge… Source link
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