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 ...
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.
Buy in to Gamestop. You won’t great it once MOASS happens.
KEYWORDS: austin; digitalworld; dwac
I may order a 100,000 Teslas, the stock goes up, I cash out and cancel my order.
Where will all this New Electricity needed for these cars come from??
And who is supposed to service these 100,000 vehicles exactly?
Can you imagine the backlog in repairs....
Gamestop is a legacy business, Tesla isn’t, and is part of the S&P 500, which is something Gamestop isn’t.
Honest question, is there a certification for working on Teslas?
And, can one do this independent of being a Tesla employee?
Isn’t Hertz in bankruptcy?
Isn’t this like Pan Am placing an order for 787s?
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.
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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
You’re gonna miss out on retirement money when it goes to the moon.
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.
Do you return it ‘full’?
Hey, if you do it just right, you’ll *make* money on the deal, kinda like those characters in the musical “The Producers”.
Like oil changes?
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!!
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