Tuesday, October 26, 2021

TSLA > $1T, Musk > $300B

Tesla hits $1 trillion market cap for the first time after Hertz says it will buy 100,000 electric vehicles

"Tesla hit a $1 trillion market cap on Monday following news that Hertz is ordering 100,000 vehicles to build out its electric vehicle rental fleet by the end of 2022.

The company joins trillion-dollar market cap companies like Apple, Amazon and Microsoft."


The deal with Hertz, which will bring in a reported $4.2 billion for Tesla, is the largest ever purchase of electric vehicles, Bloomberg previously reported.

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