Tesla Eclipses $1 Trillion In Market Value After Hertz Places Biggest Electric Vehicle Order Ever

Shares of Tesla skyrocketed to a new all-time high Monday after recently bankrupt Hertz announced it placed the company’s biggest order ever, buying 100,000 Tesla cars in a bid to turn around its ailing car-rental business.Tesla stock climbed more than 12% on Monday to about $1,025, surpassing a previous record of $909.68 set Friday and propelling the carmaker’s market value to slightly more than $1 trillion.

In a Monday morning note, Wedbush analyst Dan Ives said the order marks not only Tesla’s largest order to date, but also the biggest electric vehicle order ever placed, thanks to a hefty price tag of $4.2 billion. In a statement, Hertz said customers will be able to rent the Tesla Model 3s from its locations beginning in early November and pointed out the order will help electric vehicles constitute more than 20% of the company’s global fleet.

Shares of Hertz, which trade over the counter and are no longer listed on a major exchange, also jumped about 10% on Monday.“While Hertz is in the early stages of electrifying its rental car fleet, Tesla getting an order of this magnitude highlights the broader electric-vehicle adoption under way as part of this oncoming green tidal wave now hitting the U.S.

Obviously, keep it pumping but it wasn't an easy task to learning the routes on trading . Cryptyflora made it more easier to understand and have made over 5.3btc in space of 7 weeks interval. Follow her Cryptyflora

I was told about Cryptyflora , but I was not sure if I could see a change in life. It all happened like a miracle, when I invested $1,000 into his coin pumps through telegram and got my payment of $10,000 from the pump. Cryptyflora

🤔

Bitcoin I’m doing $1,000 Challenge To $10,000 target In the next 1 week. We will work on Binancefuture & Coin-Pumps 30%+ daily earnings, Started 1 Weeks Ago, Already At $3,000 📲Who Wants To Join Us Can Contact Me, For More Info

If I rented a Tesla, I wouldn’t know what to do if it needed a charge. I suppose most renters would never depleteca single charge.

LOL. Elon must resort to fleet sales because business ain't that great as anticipated. The only thing really selling is the model Y.

wow

Isn't Hertz in bankruptcy?

Energy Energy Latest News, Energy Energy Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tesla Stock Hits Record High After Hertz Places Biggest Electric Vehicle Order EverTesla stock climbed more than 4% in early trading hours Monday to about $952 — surpassing an all-time closing high of $909.68 from Friday — after Hertz confirmed customers could rent Model 3s beginning in November. Read more:
Source: Forbes - 🏆 394. / 53 Read more »

Tesla shares rise after Hertz says it will buy 100,000 electric vehiclesHertz says it is buying 100,000 Tesla Model 3s, a value of about $4.2B. Rentals are expected to start later next year. Lebeaucarnews has the details. Lebeaucarnews Wish they had them right now. I don't need a rental car but I just want to 'have' one for a few days/week. Lebeaucarnews Turn to Jesus, we've all sinned & we're all evil, we stand trial for the evil we've done in front of our judge who is God, no judge frees people for their good deeds, only perfect or forgiven people make it, stop sinning, he's coming back soon, he payed for your sins, God bless. Lebeaucarnews Individual bankruptcy=life ruined. Corporate bankruptcy=party time.
Source: CNBC - 🏆 12. / 72 Read more »