Tesla Has Reached A $1 Trillion USD Valuation Thanks To New Deal
Hertz don’t it.
Entertainment
Words by Harry Webber October 26, 2021

Elon Musk has taken to Twitter to let the world know of course.

Well shit. Following a 12% stock surge, Tesla is now valued at $1,000,000,000,000 USD. That’s a lot of zeros to fathom for those of us who are hanging out for schnitty night at the pub in order to be able to afford both booze and a meal at the same time. The company’s divisive CEO and crypto firestoker, Elon Musk, took time out from what we’re imagining was a throbbing fiscal hard on to tweet about the historic moment:

But why did the company see such a massive surge? Well, according to people who are a lot more in tune with the financial world than us, it’s because rental car company Hertz just put in an order for 100,000 Teslas that they need pronto. The order, which is part of Hertz’s plan to have the largest EV fleet in North America, is going to bring in a cool $4.5 billion USD for Elon and co, with share prices predictably skyrocketing. It also means that Elon became about $25 billion USD richer while you were sleeping…

Anyway, what have you been up to lately? Still got that awesome idea for an app that you’ve been meaning to get off the ground? Yeah right…

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