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Nov 17, 2017

Loblaw orders 25 of Tesla's new electric trucks

Cause and Effect: Why Elon Musk's electric trucks could succeed — and why they could fail

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Canadian grocery chain Loblaw Companies Ltd (L.TO) has placed an order for 25 of Tesla Inc's (TSLA.O) new electric heavy duty trucks, a Loblaw spokeswoman said in a statement sent by email.

Tesla unveiled the trucks, expected to begin production in 2019, on Thursday.

The order furthers Loblaw's goal of having a fully electric corporate fleet by 2030, the spokeswoman, Catherine Thomas, said. She did not disclose the cost of the trucks.