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TESLA HITS $1 TRILLION MARKET CAP FOR THE FIRST TIME


Hmmm…


Tesla hit a $1 trillion market cap on Monday following news that Hertz is ordering 100,000 vehicles to build out its electric vehicle rental fleet by the end of 2022.

https://www.cnbc.com/2021/10/25/tesla-shares-up

 

The company joins trillion-dollar market cap companies like Apple, Amazon and Microsoft.

News of the deal brought Tesla’s stock to more than $1,045 a share midday, a new record high one trading day after the shares broke $900. The stock closed up 12.66% at about $1,024 a share.

Strong EU sales and bullish analyst calls further boosted Tesla’s stock price. Morgan Stanley’s Adam Jonas raised his price target on Tesla to $1,200 a share from $900 on Sunday. Jato Dynamics said Monday that Tesla’s Model 3 electric sedan became the first fully electric vehicle to top new car sales overall in Europe in September.

Tesla CEO Elon Musk celebrated the milestone on Twitter a minute before market close.