Einride will put 500 Tesla Semis on its own platform as it reports a first half
The Swedish company said it will run 500 trucks built by another manufacturer through Saga AI, on the same morning its first results as a listed company disclosed driverless hours and planned distance.
Einride announced on August 18 the planned deployment of 500 Tesla Semi trucks on Saga AI, the fleet intelligence platform it operates. The company said the deployment will be carried out in multiple phases over the next 24 months, beginning in September 2026, and is fully financed through third-party financing solutions. It named California, Texas, New Jersey, Illinois and Georgia as the corridors involved.
The announcement landed alongside the company’s first earnings release as a public company, following the completion of its business combination and a Nasdaq listing on June 10. Einride reported revenue up 26 percent year over year to SEK 273 million, or $27 million, on a constant currency basis, and a net loss of SEK 1.12 billion for the half, against SEK 887 million a year earlier, which it attributed primarily to SEK 881 million of non-cash charges. Cash stood at SEK 748 million.
Two operating figures matter more than the revenue line. Driverless hours in contracted customer operations rose 64 percent to more than 5,400 as of June 30, supported by six autonomous deployments across the United States and Europe, and total executed electric distance planned through Saga AI reached 18.5 million miles. The company said the Tesla deployments are expected to roughly triple its fleet, from about 250 deployed vehicles to 750, and guided to second-half revenue growth of 60 to 73 percent year over year on a constant currency basis.
Source: Einride