Tesla Valuation Tops $1 Trillion

After rental car company Hertz put in an order for 100,000 Teslas by the end of 2022.

Tech 
80,761 Hypes 9 Comments

Tesla on Monday reached a valuation of over $1 trillion USD after rental car company Hertz put in an initial order of 100,000 Teslas by the end of 2022.

In a press release, the company said it planned to offer “the largest EV rental fleet in North America and one of the largest in the world.” The initial order also includes new electric vehicle charging infrastructure across the company’s global operations.

Electric vehicles will soon make up more than 20% of Hertz’s global fleet, the company said.

“Electric vehicles are now mainstream, and we’ve only just begun to see rising global demand and interest,” said Hertz interim CEO Mark Fields.

Sources told Bloomberg that the deal will bring in $4.2 billion USD for Tesla.

Tesla CEO Elon Musk celebrated the news of reaching a major financial milestone on Twitter.

Tesla recently posted a record Q3 revenue and profits, with total revenue growing to an all-time high of $13.76 billion USD. The company also said it saw record vehicle production and deliveries in Q3, boosting its widespread success.

In other news, Tesla is holding on to its $1.5 billion USD Bitcoin investment.

Read Full Article

What to Read Next

Facebook Is Now Meta and Tesla’s Valuation Tops $1 Trillion USD in This Week’s Business and Crypto Roundup
Tech 

Facebook Is Now Meta and Tesla’s Valuation Tops $1 Trillion USD in This Week’s Business and Crypto Roundup

While FaZe Clan announced plans to go public.

Tesla Delivered Close to One Million Electric Vehicles in 2021
Automotive

Tesla Delivered Close to One Million Electric Vehicles in 2021

Doubling the number of Teslas delivered in 2020 to customers.

Elon Musk Sold Another $1 Billion in Tesla Shares
Tech 

Elon Musk Sold Another $1 Billion in Tesla Shares

Musk has sold a total of $9.85 billion USD in Tesla stock this month.


Tesla Might Be Planning to Launch a New Electric Vehicle Without a Steering Wheel in 2023
Automotive

Tesla Might Be Planning to Launch a New Electric Vehicle Without a Steering Wheel in 2023

The electric hatchback will supposedly cost $25,000 USD.

Man Busted for Spending $57,000 USD Pandemic Relief Loan on Pokémon Card
Gaming

Man Busted for Spending $57,000 USD Pandemic Relief Loan on Pokémon Card

He could face 20 years in prison.

Edgar Wright Curated a List of His Favorite Movies for Halloween
Entertainment

Edgar Wright Curated a List of His Favorite Movies for Halloween

Teaming with Peacock to bring you that festive fun.

GMC's Updated Sierra Lineup Is Its Most Luxurious Yet
Automotive

GMC's Updated Sierra Lineup Is Its Most Luxurious Yet

Spearheaded by the Denali Ultimate and the AT4X.

'Donda' Hits 1 Billion Streams on Spotify
Music

'Donda' Hits 1 Billion Streams on Spotify

The fastest of Ye’s 10 albums to do so.

FaZe Clan Announces Plans to Go Public
Tech 

FaZe Clan Announces Plans to Go Public

With a $1 billion USD valuation as part of a new merger deal.


Brendan Fraser Joins Cast of 'Batgirl' as 'Firefly' Villain
Entertainment

Brendan Fraser Joins Cast of 'Batgirl' as 'Firefly' Villain

Leslie Grace stars in the upcoming DC film.

Champion x Denim Tears Releases Alvin Ailey Dance Theater-Inspired Collection
Fashion

Champion x Denim Tears Releases Alvin Ailey Dance Theater-Inspired Collection

Featuring collegiate style sweatsuits, crochet knitwear, graphic t-shirts and more.

Picasso's Paintings Sell for More Than $100 Million USD at Sotheby's Auction
Art

Picasso's Paintings Sell for More Than $100 Million USD at Sotheby's Auction

At the Bellagio Hotel and Casino in Las Vegas, where the works have been displayed for years.

Unboxing: Frank Ocean’s Homer Unveils Its Diamond-Filled Gold Bracelet
Fashion

Unboxing: Frank Ocean’s Homer Unveils Its Diamond-Filled Gold Bracelet

A closer look at the $49,425 USD bracelet that features 28 brilliant-cut diamonds.

Blackstock & Weber Returns With Tonal Loafers for FW21
Footwear

Blackstock & Weber Returns With Tonal Loafers for FW21

Featuring shades of brown, beige, bordeaux and black.

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Looks like you’re using an ad-blocker

We charge advertisers instead of our readers. If you enjoy our content, please whitelist our site to show your support. We’d really appreciate it.

Whitelist Us

How to Whitelist Us

screenshot
  1. Click the AdBlock icon in the browser extension area in the upper right-hand corner.
  2. Under “Pause on this site” click “Always”.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the AdBlock Plus icon in the browser extension area in the upper right-hand corner.
  2. Block ads on – This website” switch off the toggle to turn it from blue to gray.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the AdBlocker Ultimate icon in the browser extension area in the upper right-hand corner.
  2. Switch off the toggle to turn it from “Enabled on this site” to “Disabled on this site”.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the Ghostery icon in the browser extension area in the upper right-hand corner.
  2. Click on the “Ad-Blocking” button at the bottom. It will turn gray and the text above will go from “ON” to “OFF”.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the UBlock Origin icon in the browser extension area in the upper right-hand corner.
  2. Click on the large blue power icon at the top.
  3. When it turns gray, click the refresh icon that has appeared next to it or click the button below to continue.
screenshot
  1. Click the icon of the ad-blocker extension installed on your browser.You’ll usually find this icon in the upper right-hand corner of your screen. You may have more than one ad-blocker installed.
  2. Follow the instructions for disabling the ad blocker on the site you’re viewing.You may have to select a menu option or click a button.
  3. Refresh the page or click the button below to continue.