Tesla hits $1 trillion market cap

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  • Tesla hit a $1 trillion market cap for the first time after Hertz said Monday it would buy 100,000 electric vehicles.
  • News of the deal brought Tesla’s stock to a new record-high just one trading day after shares topped $900.
  • The deal comes more than a year after Hertz filed for bankruptcy protection during the height of the pandemic, as demand for travel and rental vehicles dropped.
See also  -$167.2 billion! From March 2023 to April 2023, M2 (U.S. money stock--currency and coins held by the non-bank public, checkable deposits, and travelers' checks, plus savings deposits, small time deposits under 100k, and shares in retail money market funds) DECREASED by $167.2 billion.
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www.cnbc.com/2021/10/25/tesla-shares-up-on-news-hertz-will-purchase-100000-electric-vehicles.html

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