Central Valley, based in Strathmore, Calif., operates a fleet of 95 trucks, according to public information within the Federal Motor Carrier Safety Administrationās Safety Measurement System program. Teslaās notice to the SEC did not specify how many trucks, trailers or drivers it has acquired from Central Valley, only noting that Tesla had purchased ācertain car-hauling trucks and trailers.ā
At the proposed rate of $277 a share, the acquisition is worth about $13.8 million, according to the SEC filing.
Mondayās filing follows up on an announcement posted to Twitter in November by Tesla founder and CEO Elon Musk that the company had āacquired trucking capacityā to help hasten deliver of its Model 3 electric sedan. The Model 3, billed as Teslaās entry-level option, has been plagued by production snafus and late deliveries. It was unclear in Muskās November tweet whether the company had acquired trucks in order to deliver parts and components to its plants to help boost build rates or whether the acquisition centered on car hauling and delivery of completed Model 3 units.
Per the notice to shareholders, it appears to be the latter.