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Tesla zooms past $1 trillion market cap on bet that the EV future is now

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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.

 

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wow

Crazy

We should invest in bio fuel cars as well.

I’m renting one for sure!!!

this is terrible news

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