Tesla stock sparks share price fireworks after large order of 100,000 cars. Because the US car rental company Hertz is investing billions in the expansion of its electric car fleet with a major order from Tesla.
Orders for 100,000 Teslas have been placed through the end of 2022, the rival to Sixt and Eropcar announced Monday in Estero, Florida. Previously, the financial news agency Bloomberg had reported on this with reference to insiders, citing a purchase volume of around 4.2 billion dollars (3.6 billion euros).
The resurgent record-breaking chase propelled Tesla’s shares into the league of trillion-dollar market-cap companies on Monday. A recent 12 percent jump in the share price ensured that the electric carmaker became the next US company to achieve this. As a result, the stock is now playing in a class with tech giants Apple, Microsoft, Alphabet and Amazon. Apple is the current leader with a market cap of 2.5 trillion.
The electric car maker’s shares climbed as high as $1,045 at the peak on Monday, gaining 12.66 percent to $1,024.86 at the close of trading. In addition to breaking the trillion-dollar market value barrier, it also broke the 1,000-dollar mark for the first time. The rally in Tesla shares had already intensified again in recent days: On Friday, the previous record of around 900 dollars from January was surpassed for the first time.
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