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The energy infrastructure company also sees years of robust demand for the fuel, which currently makes up about 15% of the market, according to CEO Chad Zamarin.

The filing came the same day Tesla directors disclosed their decision to grant Elon Musk an interim stock award — valued at $30 billion — while a legal fight over his 2018 pay package drags on.

Program Aired: August 28, 2 p.m. ET Tim Haynes, vice president of digital and customer data at Penske Transportation Solutions, joins Seth Clevenger for a special one-on-one conversation to explore how modern fleet benchmarking solutions and AI-powered analytics are revolutionizing fleet management planning and operations.

The EPA's plan this week to relax rules aimed at cleaning up auto tailpipe emissions is the latest Trump administration move to undo incentives for automakers to go electric.

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.