Amazon has announced that it will purchase 20 electric semi-trucks from Volvo Trucks to be used in its German delivery network.

Volvo Trucks has been producing electric semis since 2019, and they are continuing to expand their sales by now selling 20 electric semi-trucks to Amazon for use in Germany. The Volvo FH electric semis will be used by Amazon to complete large domestic deliveries and are expected to travel over 1 million kilometers annually.

Amazon has high expectations for its new fleet of electric-semis. Each Volvo will be expected to travel 500 kilometers daily, nearly double the Volvo FH’s 300-kilometer range. Furthermore, they will replace diesel tracks and be expected to perform well in the same role. Spokesmen from Amazon and Volvo are optimistic and see the new fleet as critical to Amazon’s efforts to decarbonize their transport system.

A Canadian startup called TransPod wants to revolutionize ground-based transportation by sending magnetically levitated trains through vacuum-sealed tubes at ludicrous speeds.

It’s a highly ambitious — and immensely expensive, nevermind comically vague — concept that’s generated some serious buzz in recent weeks.

And we can’t shake the feeling that we’ve seen this kind of design before. Remember the “Hyperloop?”

Tesla (TSLA) has been officially upgraded to investment grade long-term credit rating by S&P Global Ratings.

Despite delivering profits for more than two years straight and building a cash position of over $18 billion while sitting on very little debt, Tesla was still rated as a “junk bond” by rating companies like S&P Global Ratings and Moody’s Investors Service.

Earlier this year, we reported that the rating agencies are finally changing their opinion on the electric automaker and considering upgrading their ratings.