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The deal should eventually boost the carmaker’s slowing energy storage business.

The rule had "put the trucking industry on a path to economic ruin and would have crippled our supply chain, disrupted deliveries and raised prices," said ATA President Chris Spear.

The move was described as a nod to commitments made in the Clean Truck Partnership deal that California forged with truck manufacturers as part of the state’s emissions reduction efforts.

Optimism is growing at truck maker Paccar about order levels and demand for new tractors in the second half of 2025 and in 2026, said CEO Preston Feight.

The fallout from Elon Musk’s plunge into politics a year ago is still hammering his Tesla business as both sales and profits dropped sharply again in the latest quarter.

The depot will include at least eight trailer-enabled fast-charge stalls for Class 8 trucks, alongside chargers for medium- and light-duty vehicles, with 24/7 access.

The reductions were handed down on July 18 and take effect Sept. 26, according to a filing with the Texas Workforce Commission on July 23.

With federal incentives meant to encourage EV sales set to disappear later this year, things are likely to get even more challenging in the coming months.

Hybrid-electric trucks offer a middle ground at lower cost and with less range anxiety than fully electric models.

The number of new Tesla vehicles registered in California fell once again as the company continued to lose ground in the largest U.S. market for electric vehicles.