Tesla joined a super-exclusive club of companies that reached $1 trillion in market cap after its stock soared to an all-time high over the weekend. Company founder & CEO Elon Musk became the richest person in history along the way.
More details🧐 Tesla’s better-than-expected earnings report & a huge car order were behind the stock’s remarkable rally. Tesla’s Q3-2021 net income grew 439% year-over-year, & if that wasn’t enough, a 100,000 car order shortly followed from car rental firm Hertz. Tesla now stands as the sixth most valuable public company in the world, behind Apple, Microsoft, Saudi Aramco, Google’s parent company Alphabet, & Amazon.
Why is this important🤔 The deal with Hertz is the biggest-ever rental car order for electric vehicles (EVs), & is seen as a further vote of confidence. The deal will also give Tesla vehicles more exposure, as more rentals mean more test drives.
