100 thousand Tesla to Herzt, and the title flies and exceeds FB
Tesla's shares are rocketing to an all-time high on news that Hertz, the well-known car rental company, would buy 100,000 of their vehicles.
The shares were already rising with Morgan Stanley's update of the target when the Hertz news came around 0730 EST, sending the shares to the $ 950 level. use happened only a few months ago. Despite this, it is implementing an "ambitious" plan to electrify its fleet, starting with plans to purchase 100,000 Tesla, Bloomberg reported Monday morning.
The order marks the "largest ever purchase for electric vehicles" and will equate to approximately $ 4.2 billion in revenue for Tesla, sources told Bloomberg.
The order will be delivered in the next 14 months and Model 3 vehicles will be available for rental at most Hertz locations starting in November, the report said. Hertz will also build its own charging infrastructure, as well as allow customers to access Tesla's Supercharger network. The rental company is planning to electrify “almost all” of its half-million cars and trucks around the world. The order marks about 10% of Tesla's total production capacity for a year and could also prevent competitors from making similar purchases from the automaker.
The plan is "ambitious" enough to make people doubt immediately, also because, in itself, Tesla is not an optimized rental car.
Teslas aren't exactly optimized for rental-fleet duty. I get that it's what's available right now if you want to order an EV fleet, but it seems… ambitious on Hertz's part. $ HTZ $ TSLA https://t.co/RrH5iATkwk
– John Rosevear (@john__rosevear) October 25, 2021
Among other things, the house of Elon Musk already suffered from some production bottlenecks that, certainly, will not be solved by these purchases. At the same time, it is also a major blow for General Motors, which until yesterday was Tesla's main supplier.
The stock continued to grow and Tesla's capitalization now exceeds that of FB
By now Elon Musk has reached Bezos at the top of wealth …
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The article 100 thousand Tesla to Herzt, and the title flies and exceeds FB comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/100-mila-tesla-a-herzt-ed-il-titolo-vola-e-supera-fb/ on Mon, 25 Oct 2021 17:12:43 +0000.