Hertz has ordered 100,000 Tesla to join its fleet of cars. A maxi order that according to various sources has a value of 4.2 billion dollars . This news sent the American carmaker's stock flying.
A progression that allowed Elon Musk's company to touch and exceed a market capitalization of 1 trillion. dollars . At the end of the day, Tesla stock closed at $ 1,024.86 per share . Tesla CEO Elon Musk celebrated the milestone on Twitter just before the stock market closed.
Wild $ T1mes !
& mdash; Elon Musk (@elonmusk) October 25, 2021
Probably, to give Tesla stock a further boost, the bullish forecasts of analysts (Morgan Stanley raised its Tesla price target to $ 1,200 per share) and the news that the Model 3 & egrave; was the car most sold absolutely in Europe in September.
Anyway, thanks to this new milestone reached, Tesla joins a small circle of companies that have exceeded a capitalization of $ 1 trillion. Among these we find, for example, Apple, Amazon and Microsoft. Given Elon Musk's ambitious expansion plans, the company & agrave; American could reach new records.
In the meantime, relative to the maxi order of Hertz, the first Model 3s will already be; available in November. All cars will be delivered by the end of 2022. Finally, remember that 100,000 vehicles is equivalent to about one tenth of the current annual maximum production of the American car manufacturer.
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