Tesla Crosses $1 Trillion Market Cap Thanks to Hertz

2 years ago 245

Updated Oct. 25, 2021 1:35 p.m. ET / Original Oct. 25, 2021 8:58 americium ET

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Shares of Tesla deed an intraday precocious of $998.74, capable to propulsion the electrical conveyance maker's marketplace headdress supra $1 trillion.

Photo by Joe Raedle/Getty Images

News that Hertz has ordered 100,000 electrical vehicles from Tesla concisely pushed the car marker’s marketplace capitalization supra $1 trillion for the archetypal time.

It’s a important bid fixed that Hertz (ticker: HTZZ) has astir 400,000 vehicles successful its rental fleet, according to caller filings. The rental car institution said Monday it would adhd the vehicles to its fleet by the extremity of 2022.

“Electric...


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