Tesla shares were up 7.5% at $978, hitting a new record high Monday, following the order. Shares were also buoyed by news of the company's Model 3 becoming the first electric vehicle to top monthly sales of new cars in Europe.
"We absolutely believe that this is going to be competitive advantage for us," Fields said of the Tesla order, due to be delivered by the end of 2022. "We want to be a leader in mobility... Getting customers experience with electrified vehicles is an absolute priority for us." Tesla would have to top $995.75 to become a company worth a trillion dollars, according to Reuters calculations based on its latest filing. The world's most valuable carmaker will join an elite club that includes Apple Inc, Amazon.com Inc , Microsoft Corp and Alphabet Inc
Fields declined to say how much Hertz was paying for the order. Tesla was not immediately available for comment. The car rental firm also said it was installing thousands of chargers throughout its network. Customers who rent a Tesla Model 3 will have access to 3,000 Tesla supercharging stations throughout the United States and Europe.
Analysts at Morgan Stanley bumped their price target on Tesla by 33% as the brokerage expects the electric carmaker to keep posting higher volumes, reaching more than 8 million deliveries in 2030.
It usually takes around 5 minutes to top up a rental car shortly before dropping it off. But if I have to return the Tesla rental fully-charged, this could make logistics more interesting.
1,024 a share. Its only a pump and dump. Wait till the big 3 roll out theirs and other companies get rolling. Teslas shares will drop a lot.
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