Tesla surpassed $1 trillion in market capitalization after landing its biggest-ever order of 100,000 electric vehicles from rental car company Hertz $TSLA
Investors and analysts, for now, are looking past the near-term challenges. Morgan Stanley boosted its Tesla price target by 33% to $1,200 as the brokerage expects the electric carmaker to surpass 8 million deliveries in 2030.
"We absolutely believe that this is going to be competitive advantage for us," interim Hertz CEO Mark Fields said of the Tesla order, due to be delivered by the end of 2022. Tesla's cheapest Model 3 sedan starts at about $44,000, making this order worth about $4.4 billion, if the entire order were for its mass-market sedan.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tesla Surpasses $1 Trillion in Market Value as Hertz Orders 100,000 VehiclesHertz’s major bulk purchase could help Tesla get more of its cars into the hands of mainstream consumers. Tesla shares surged on the news.
Read more »
Tesla breaches $1 trillion market capTesla Inc on Monday breached a trillion dollars in market capitalization, the fifth U.S. company to join the club, which includes Apple , Microsoft , Amazon and Alphabet .
Read more »
Stocks Close At Record Highs After Tesla Hits $1 Trillion In Market ValueInvestors are looking ahead to major tech earnings this week, hoping they can further boost stocks.
Read more »
Tesla shares rise after Hertz says it will buy 100,000 electric vehiclesHertz says it is buying 100,000 Tesla Model 3s, a value of about $4.2B. Rentals are expected to start later next year. Lebeaucarnews has the details.
Read more »
Tesla Stock Hits Record High After Hertz Places Biggest Electric Vehicle Order EverTesla stock climbed more than 4% in early trading hours Monday to about $952 — surpassing an all-time closing high of $909.68 from Friday — after Hertz confirmed customers could rent Model 3s beginning in November. Read more:
Read more »
Chinese EV maker Xpeng launches upgraded semi-autonomous driving features in a challenge to TeslaXpeng released XPILOT 3.5, the latest version of its advanced driver-assistance system or ADAS.
Read more »