- 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.