Tesla hits $1 trillion after billion-dollar deal with Hertz 4iq

carlos alberto jr avatar
Tesla now sits alongside Apple, Amazon, Alphabet, Facebook and Microsoft among companies valued at more than $1 trillion.

The electric vehicle giant Tesla, owned by billionaire Elon Musk, became the latest United States company to sur the US$1 trillion mark in market value. The brand was reached on Monday (25), after a billion-dollar agreement with the car rental company Hertz. 3h155a

Now, the Tesla tech companies Apple , Amazon, A, Facebook e Microsoft in the select group of American companies that achieved this value. Apple was the first to achieve the feat in 2018.

Tesla CEO Elon Musk celebrated the milestone in Twitter one minute before the market closes.

News of the deal took Tesla shares traded on the New York Stock Exchange (NYSE) above $1.045 at noon, a new record for a day of trading after shares broke as low as $900. up 12,66% to around $1.024.

Biggest electric vehicle order 3t1763

Hertz bought 100 Tesla cars in a strategy to reverse the company's bad moment

The purchase order of Hertz can be considered as the biggest electric vehicle order of all time. The company bought 100 cars from Tesla to try to reverse the situation of your car rental business, which is going through a bad time. Even at a deep discount, the purchase cost the car rental coffers $4 billion.

The investment is part of the company's strategy to replace its current fleet with electric cars, which are expected to be delivered by the end of next year. According to analysis of The Guardian, the purchase could help popularize Tesla and get more of its cars into the hands of mainstream consumers.

Tesla profit jumps 389% in QXNUMX 2n5v6l

Tesla is expanding its product line, with the release of the electric truck and the Cybertruck pickup

Tesla reported on October 20 the net income of US$ 1,62 billion in the third quarter of this year, an increase of 389% in comparison with the result obtained in the same period of 2020. According to the company's balance sheet, the profit per Share (LPA) was $1,86 from July to September, above the forecast of $1,61.

The electric car maker's revenue for the period totaled $13,76 billion, up 57 percent year-on-year. In the third quarter, Tesla delivered 241,3 vehicles, an increase of 73% over the same period last year.

For more news about Elon Musk like the revelation of the robot with technology from Tesla's cars, keep an eye on showmetech.

Sources: Markets Insider, Interesting Engineering, 2

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