Tesla’s worth tops $1 trillion after Hertz ordered 100,000 of its autos

Electric Car Maker Tesla Reports Record Quarterly Earnings
Photograph by Joe Raedle/Getty Photographs

Rental automobile firm Hertz has ordered 100,000 Teslas as a part of an formidable plan to impress its fleet. A primary tranche of Tesla’s Mannequin three sedans shall be out there to hire from Hertz in main US and European markets from early November, mentioned the corporate in a press assertion. The announcement comes simply months after Hertz escaped chapter.

After the acquisition was introduced, Tesla’s inventory worth reached as excessive as $998.74 early within the day, rising its market cap to over $1 trillion earlier than the worth dropped once more. Nevertheless, by the point the market closed for the day, its worth had risen once more, ending at $1,024.86 per share for a market cap of $1.01 trillion. As CNBC notes, that put it within the uncommon firm of different trillion-dollar market…

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