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Tesla Surpasses $1 Trillion in Market Value as Hertz Orders 100,000 Vehicles
The Wall Street Journal ^ | October 25, 2021 | Dave Sebastian (in some coffeehouse he sat)

Posted on 10/25/2021 1:15:16 PM PDT by SunkenCiv

Tesla Inc. TSLA 12.66% became the latest U.S. company to cross the $1 trillion milestone in market value as its stock price has more than doubled in the past year on surging sales and rising profit.

Helping Tesla cross the mark Monday was news that Hertz Global Holdings Inc. HTZZ 10.09% had ordered 100,000 vehicles from the electric vehicle maker to stock its rental-car fleet, a major bulk purchase that could help the car company get more of its cars into the hands of mainstream consumers.

In crossing the $1 trillion mark, Tesla joins Apple Inc., Microsoft Corp. , Amazon.com Inc. and Google-parent Alphabet Inc. Facebook Inc. was part of the group, though its share price has since retreated. Tesla, which last week posted its third consecutive quarter of record profit, is now valued more than the next nine largest auto makers by market cap...

The Tesla order is part of a broader effort by Hertz to give customers more battery-powered options on rental-car lots.

The Estero, Fla., company said that starting in early November and expanding through the end of the year, Hertz customers will be able to rent a Tesla Model 3 at airports and other locations in major U.S. markets and some cities in Europe...

“Electric vehicles are now mainstream, and we’ve only just begun to see rising global demand and interest,” said Mark Fields, Hertz’s interim chief executive. Mr. Fields, a former Ford Motor Co. CEO, took the role earlier this month.

(Excerpt) Read more at wsj.com ...


TOPICS: Business/Economy; Computers/Internet; Music/Entertainment; Travel
KEYWORDS: elonmusk; estero; florida; ford; hertz; markfields; tesla; tropesgomarchingon
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Oh, and BTW, FYI, it's up $115 today, closing at $1024.86. Full disclosure: I own a whopping 20 shares, and plan to skedaddle somewhere between here and $1200 to rest a while.

1 posted on 10/25/2021 1:15:16 PM PDT by SunkenCiv
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To: SunkenCiv

Buy in to Gamestop. You won’t great it once MOASS happens.


2 posted on 10/25/2021 1:16:32 PM PDT by wastedyears (The left would kill every single one of us and our families if they knew they could get away with it)
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To: AdmSmith; AnonymousConservative; Arthur Wildfire! March; Berosus; Bockscar; cardinal4; ColdOne; ...

KEYWORDS: austin; digitalworld; dwac

3 posted on 10/25/2021 1:17:17 PM PDT by SunkenCiv (Imagine an imaginary menagerie manager imagining managing an imaginary menagerie.)
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To: SunkenCiv

I may order a 100,000 Teslas, the stock goes up, I cash out and cancel my order.


4 posted on 10/25/2021 1:18:54 PM PDT by BipolarBob (I had to change my homepage because it was embellished somewhat. Apologies to all.)
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To: SunkenCiv

Where will all this New Electricity needed for these cars come from??


5 posted on 10/25/2021 1:19:32 PM PDT by eyeamok (founded in cynicism, wrapped in sarcasm)
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To: SunkenCiv

And who is supposed to service these 100,000 vehicles exactly?

Can you imagine the backlog in repairs....


6 posted on 10/25/2021 1:20:16 PM PDT by Pez149 (Time to stop saying a theory is fact....)
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To: wastedyears

Gamestop is a legacy business, Tesla isn’t, and is part of the S&P 500, which is something Gamestop isn’t.


7 posted on 10/25/2021 1:20:40 PM PDT by SunkenCiv (Imagine an imaginary menagerie manager imagining managing an imaginary menagerie.)
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To: Pez149

Honest question, is there a certification for working on Teslas?
And, can one do this independent of being a Tesla employee?


8 posted on 10/25/2021 1:21:56 PM PDT by EEGator
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To: SunkenCiv

Isn’t Hertz in bankruptcy?


9 posted on 10/25/2021 1:24:03 PM PDT by RinaseaofDs
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To: SunkenCiv

Isn’t this like Pan Am placing an order for 787s?


10 posted on 10/25/2021 1:24:46 PM PDT by RinaseaofDs
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To: Pez149
And who is supposed to service these 100,000 vehicles exactly?

 

Just exactly what service do you think these Teslas will need?. They actually will need much less service than an ICE car. Remember, rental cars are sold off long before they began to have problems.

11 posted on 10/25/2021 1:25:56 PM PDT by Responsibility2nd (I love my country. It's my government that I hate.)
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During this video I lost my arm. My main goal was not to survive but to keep the camera steady. Give a like to the video for this.
Elon Musk at Gigafactory 4 Opening in Berlin | October 9, 2021 | Sustainable Living with Vlad
Elon Musk at Gigafactory 4 Opening in Berlin | October 9, 2021 | Sustainable Living with Vlad

12 posted on 10/25/2021 1:30:00 PM PDT by SunkenCiv (Imagine an imaginary menagerie manager imagining managing an imaginary menagerie.)
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Tesla, GIGA BERLIN, Oktober 09/2021 Factory tour/ NEW UPLOAD on my Channel (Image stabilized) | October 9, 2021 | Giga Berlin / GF4Tesla
Tesla, GIGA BERLIN, Oktober 09/2021 Factory tour/ NEW UPLOAD on my Channel (Image stabilized) | October 9, 2021 | Giga Berlin / GF4Tesla

13 posted on 10/25/2021 1:30:14 PM PDT by SunkenCiv (Imagine an imaginary menagerie manager imagining managing an imaginary menagerie.)
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To: SunkenCiv

You’re gonna miss out on retirement money when it goes to the moon.


14 posted on 10/25/2021 1:30:26 PM PDT by wastedyears (The left would kill every single one of us and our families if they knew they could get away with it)
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To: eyeamok

The key is how does one charge the damned thing if you’re staying in a Motel 6 or similar?

What happens when it runs out of juice on the way back to the airport. It’s not like you can jump in and fill it up real quick.


15 posted on 10/25/2021 1:31:23 PM PDT by Ouderkirk (The democRATS are not looking to govern, they intend to RULE.)
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To: eyeamok

Do you return it ‘full’?


16 posted on 10/25/2021 1:31:57 PM PDT by Scrambler Bob (My /s is more true than your /science (or you might mean /seance))
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To: RinaseaofDs

17 posted on 10/25/2021 1:32:09 PM PDT by SunkenCiv (Imagine an imaginary menagerie manager imagining managing an imaginary menagerie.)
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To: BipolarBob

Hey, if you do it just right, you’ll *make* money on the deal, kinda like those characters in the musical “The Producers”.


18 posted on 10/25/2021 1:32:52 PM PDT by SunkenCiv (Imagine an imaginary menagerie manager imagining managing an imaginary menagerie.)
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To: Pez149

Like oil changes?


19 posted on 10/25/2021 1:33:20 PM PDT by SunkenCiv (Imagine an imaginary menagerie manager imagining managing an imaginary menagerie.)
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To: Ouderkirk

My brother just bought an all electric Mustang you have to FIND a charging station THEN find something to do for 45 minutes while the car is charging what a pain in the ass!!


20 posted on 10/25/2021 1:33:49 PM PDT by Trump Girl Kit Cat (Yosemite Sam raising hell)
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