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Tesla’s market cap exceeds $1 trillion

Tesla’s market cap surpassed $1 trillion on October 25 (local time). This is a milestone achieved in the 11th year of listing. As a result, Tesla is ranked alongside Apple, Amazon, Facebook and Google, which have a market capitalization of over $1 trillion.

Tesla stock hit $998.22 at noon on October 25th. The stock price rise is in line with Tesla-related news, such as Hertz, a car rental company that has recently escaped bankruptcy, has agreed to purchase 100,000 electric vehicles from Tesla. As a result, Hertz will convert 20% of its rental cars around the world to electric vehicles. The contract value is $4.2 billion. As early as November, the Tesla Model 3 will be introduced to major US markets and Hertz rental cars in some European cities.

Meanwhile, Morgan Stanley analyst Adam Jonas raised the price target to $1,200 from $900. It can be said that the announcement of continuing purchase evaluation, etc., contributed to the stock price rise as news that provided strong information to Tesla. In addition, according to a report by JATO Dynamics, the Tesla Model 3 was named the best-selling car in Europe in September, and electric vehicles surpassed internal combustion engine models for the first time. Related information can be found here.

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lswcap

Through the monthly AHC PC and HowPC magazine era, he has watched 'technology age' in online IT media such as ZDNet, electronic newspaper Internet manager, editor of Consumer Journal Ivers, TechHolic publisher, and editor of Venture Square. I am curious about this market that is still full of vitality.

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