- 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.
www.cnbc.com/2021/10/25/tesla-shares-up-on-news-hertz-will-purchase-100000-electric-vehicles.html
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