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Tesla’s market value exceeded $ 1T after Hearts ordered 100,000 cars | National News

The base price for each Model 3 is about $ 40,000, so this transaction could be worth about $ 4 billion. It is also ranked at the top of the list of orders for electric vehicles by a single company. In 2019, Amazon ordered 100,000 electric delivery vans from Rivian, a startup manufacturer of electric vans, pickup trucks and SUVs. Amazon is an investor in Rivian.

Hertz’s order surged Tesla shares by nearly 13% to a record closing price of $ 1,024.86, pushing the total market value of the world’s most valuable automakers to just over $ 1 trillion. According to Forbes, the wealth of CEO Elon Musk, the wealthiest person in the world, increased 11.4% to $ 255.8 billion.

In an interview with AP, Fields revealed his belief that electric vehicles are becoming more and more mainstream and Hearts intends to become a leading provider of EVs to rental customers. He pointed out a study showing that consumer interest in electric vehicles has increased dramatically over the last five years.

“More people are willing to try and buy,” he said. “It’s pretty cool.”

Hertz, based in Estero, Florida, is also discussing additional purchases of electric vehicles with other automakers to expand EV vehicles as more models enter the market, Fields said.

Hertz is also investing in its own charging network. By the end of 2022, it plans to have 3,000 chargers in 65 locations across the United States, and by the end of 2023, it plans to have 4,000 chargers, Fields said. area.

Tesla’s market value exceeded $ 1T after Hearts ordered 100,000 cars | National News

Source link Tesla’s market value exceeded $ 1T after Hearts ordered 100,000 cars | National News

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