Tesla moves towards trillion dollar club after record order from Hertz

Tesla approached the trillion dollars in market capitalization this Monday morning, after the company founded by Elon Musk received your largest order of Hertz, which announced plans to buy 100,000 electric cars for rent.

The actions of Tesla they opened 4.5% higher to $ 950.53, a new record, after the order. The papers were also boosted by news that his Model 3 became the first electric car to lead monthly new car sales in Europe.

The news of Hertz is known at a time when Tesla It’s grappling with a backlog and ongoing supply chain disruptions, but it solidifies the overall appeal of electric cars.

The Acting Executive Chairman of Hertz, Mark Fields, told Reuters that the order, which will be delivered in late 2022, will be primarily for Model 3 vehicles. Tesla will become available at the rental facilities of Hertz in November.

We absolutely believe that it will be a competitive advantage for us, “Fields said of the order.” We want to be a leader in mobility … Letting customers feel the electric vehicle experience is a top priority for us. “

Hertz has between 430,000 and 450,000 vehicles worldwide, Fields said, adding that the firm will work with other automakers that make electric vehicles.

Tesla would have to exceed $ 995.75 a share to become a trillion company dollars, according to Reuters calculations based on its latest reports. The world’s most valuable automaker will thus join an elite club that includes Apple, Amazon, Microsoft and Alphabet.

Tesla delivered a record 241,300 electric cars globally in the third quarter, even as it warned that supply chain headwinds would push margins.


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