Tesla breaks $1tn valuation barrier after Hertz orders 100,000 vehicles
by Jasper Jolly from Environment | The Guardian on (#5R3ZN)
Milestone comes after firm's Model 3 became first battery-powered electric car to top Europe's monthly sales chart
Tesla's market value has broken through the $1tn mark for the first time after the US electric car pioneer received an order for 100,000 of its vehicles from the rental company Hertz.
The carmaker's stock market value has soared during 2020 and 2021 as investors bet on accelerating sales of electric cars in the run-up to government bans on petrol and diesel cars to meet climate targets.
Continue reading...