Musk says Tesla has not signed a contract with Hertz yet, halts stock rally

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Nov 2 (Reuters) – Tesla Inc’s (TSLA.O) top boss Elon Musk said the company had not signed a contract with Hertz, more than a week after the car rental firm announced a massive deal with the electric carmaker.

Tesla’s shares fell 4% in early trading on Tuesday, after a steep jump following the news of the biggest-ever order – 100,000 electric cars for Hertz – on Oct. 25, which helped Tesla breach $1 trillion in market capitalization.

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www.reuters.com/business/autos-transportation/musk-says-tesla-has-not-signed-contract-with-hertz-yet-halts-stock-rally-2021-11-02/

www.marketwatch.com/story/musk-says-hertz-deal-isnt-signed-and-questions-tesla-rally-after-the-announcement-11635843116

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