Sacramento Metropolitan Air Quality Management Districtexecutive director Alberto Ayala reportedly hinted at the price paid for Tesla Incs TSLA semi-truck- and its way higher than what Tesla announced.

What Happened: Food and beverage makerPepsiCo Inc PEP showcased its fleet of 18 Tesla semi-trucks at its Sacramento facility on Tuesday, bought with a grant from Sacramento Metropolitan Air Quality Management District.

The District is proud to help fund the @Tesla semis & chargers unveiled today at @PepsiCo’s South Sac facility. This project will help transition #Sacramento to a green economy & improve #airquality for our most vulnerable residents! @CaClimateInvest @AlbertoAyalaPhD @EricZGuerra pic.twitter.com/AfYMBt5ncH Sac Metro Air District (@AQMD) April 11, 2023

See Also:Best Auto Manufacturer Stocks

Sacramento Metropolitan Air Quality Management Districtexecutive director Alberto Ayala told TheSacramento Bee that the district paid for the 18 semi trucks with $4.5 million in grants.

Given that the cost of a Tesla Semi is around $250,000, grants are needed to encourage companies to buy zero-emission vehicles, Ayala said, as reported by the Sacramento-based daily.

Tesla launched the semi-truck in 2017. During the launch, Tesla pegged the price of the 500-mile version of the truck at $180,000 and the 300-mile range version at $150,000. The price paid by PepsiCo is roughly 40% higher than the price initially announced for the higher-range version of the much-awaited semi-truck.

PepsiCo received a total of36 Tesla Semis from December last year, deployed in parts in Modesto and Sacramento.

Check out more of Benzingas Future Of Mobility coverage byfollowing this link.

Read Next:Ford Overtakes Tesla In UK With Hands-Free' Feature In Mustang Mach-E Cars