At the end of last week, Tesla published its financial report for the third quarter, after which the value of one Tesla share in just one day rose by $ 10 and crossed the psychological mark of $ 900, setting a historical record. As a result, Tesla’s market capitalization has surpassed the $ 908 billion mark.
Today, growth continued, and when it became known about the receipt of a large order from the car rental company Hertz, Tesla’s capitalization exceeded $ 1 trillion.
Usually car manufacturers do not advertise deals with car rental companies, as they usually sell relatively unpopular models at a discount. But in Tesla’s case, Hertz’s decision to order 100,000 EVs by the end of 2022 showed investors that EVs are no longer a niche product and could dominate the mainstream car market in the near future.
“Electric vehicles are mainstream right now and we are just starting to see an increase in global demand and interest,” Hertz interim CEO Mark Fields told Reuters.
Tesla CEO Elon Musk has set a goal of increasing sales by an average of 50% annually, ultimately reaching 20 million a year. This will be more than double that of current sales leaders Volkswagen AG and Toyota Motor.
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