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Tesla drives towards $1-trillion club on 100,000 Hertz order

The cars will be delivered over the next 14 months

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The news from Hertz comes as Tesla is coping with a backlog of unfulfilled orders for its vehicles and continuing supply chain disruptions, but it does solidify the mainstream appeal of electric cars.

Reuters
Tesla on Monday neared $1 trillion in market capitalisation as the company founded by Elon Musk received its biggest-ever order from Hertz, which announced plans to buy 100,000 electric rental cars.
 
Tesla shares opened up 4.5 per cent at $950.53, a new record high, 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.
 
The news from Hertz comes as Tesla is coping with a backlog of unfulfilled orders for its vehicles and continuing supply chain disruptions, but it does

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