Ex-Logger Aims to Beat Elon Musk in Electric Trucks

Odd Lots

Bloomberg

News, Investing, Business, News Commentary, Business News

4.4 • 1.6K Ratings

🗓️ 16 January 2023

⏱️ 57 minutes

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Summary

While electric vehicle use is growing rapidly, the internal combustion engine remains completely dominant in the world of heavy trucks. At some point in the future, Tesla has a plan to commercialize an electric semi, but nobody really knows when. Meanwhile, other entities are looking to compete in the world of industrial vehicles. Chace Barber is a former trucker in the logging industry, which has some very different characteristics than the type of freight trucking you typically see on a highway. When you're driving over the Rocky Mountains, without easy proximity to mechanics, tow trucks or service stations, you need power and reliability. His company, Edison Motors, is building its own trucks with a hybrid diesel-electric approach that it sees as a better path forward. On this episode, we discuss the challenges of hauling logs, as well as how it's possible for a small entity to get in the game of building such large industrial equipment.

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1:21.2	Hello and welcome to another episode of the Odd Lots podcast. I'm Joe Weisenthal.
1:27.0	And I'm Tracy Allowit. Tracy, have you been following Elon's?
1:32.6	You're going to have to be more specific.
1:34.9	You know, I think he kind of has this reputation and it's kind of worked out for well,
1:39.6	like promising things that, you know, maybe take a while to materialize.
1:44.6	Like eventually they come around, whether it's Twitter, it's going to be like this like super app
1:48.8	and he's going to get rid of all the bots. Did he get rid of all the bots?
1:52.4	Absolutely. If anything, I swear there are more than ever.
1:56.3	Yeah, I feel like that. Under every tweet now, there's basically someone shilling Bitcoin, I think.
	...

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