A few days ago, Elon Musk and Tesla announced plans to produce Semi Truck that will not only be efficient, but will be fast and stylish.  CNBC is reporting that Walmart has already committed to preordering 15 of the new semi trucks. Canadian grocery giant Loblaw is also purchasing 25 of the heavy duty all-electric transport trucks.

Why this matters: Walmart is a major retailer and has already taken steps to to go after Amazon.  With the speed of these semi trucks every little bit helps. The new trucks will go into production in 2019 and are capable of a range of 500 miles on a single charge. Elon Musk claims that companies will be able to save thousands as the new Semi will operate 25 cents cheaper per mile compared to a standard run-of-the-mill diesel truck.

Loblaw has a target of running a fully electric vehicle fleet to support its stores, as part of a goal of reducing its emissions impact by 2030. The plan is to eventually have as many as 350 zero-emission vehicles in operation by then.

Notable quotes: “We have a long history of testing new technology – including alternative-fuel trucks – and we are excited to be among the first to pilot this new heavy-duty electric vehicle.” – Walmart Representative