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October 25, 2021 05:53 pm
Original Link: https://www.theverge.com/2021/10/25/22744504/hertz-tesla-order-100000-vehicles-electrify-fleet
Teslas value briefly passed $1 trillion after Hertz ordered 100,000 of its vehicles
Rental car company Hertz has ordered 100,000 Teslas as part of an ambitious plan to electrify its fleet. A first tranche of Tesla’s Model 3 sedans will be available to rent from Hertz in major US and European markets from early November, said the company in a press statement. The announcement comes just months after Hertz escaped bankruptcy.
After the purchase was announced, Tesla’s stock price reached as high as $998.74, increasing its market cap to over $1 trillion before the price dropped again. As CNBC notes, that put it in the rare company of other trillion-dollar market cap companies like Apple, Amazon, and Microsoft.
News of the purchase was first reported by Bloomberg, which says the deal is the single largest order ever for...
Original Link: https://www.theverge.com/2021/10/25/22744504/hertz-tesla-order-100000-vehicles-electrify-fleet
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