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Tesla exceeds $1T valuation following Hertz order

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Oct 26, 2021 - 12:20 PM

ISTANBUL (AA) – Electric car giant Tesla’s value surpassed $1 trillion after American car rental company Hertz’s order of 100,000 sedan cars for 2022.

While the firms’ shares closed Friday with a price of around $900, they reached $1,030 on Monday.

The closest rival Toyota’s valuation — around $240 billion — is around a quarter of the US car makers’ valuation currently.

After surpassing the $1 trillion mark, Tesla CEO Elon Musk tweeted: “Wild $T1mes!”

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