Tesla’s market value tops $1T after Hertz orders 100K cars

Photo: Hertz rental car logo. Credit: AP Photo / Steven Senne, file. Article by Tom Krisher. TechXplore – October 25, 2021.

Hertz announced Monday that it will buy 100,000 electric vehicles from Tesla, one of the largest purchases of battery-powered cars in history and the latest evidence of the nation’s increasing commitment to EV technology.

The news of the deal triggered a rally in Tesla’s stock, driving the carmaker’s market value over the $1 trillion mark for the first time. […]

Click here to view original web page at techxplore.com