Hertz Rental just catapulted Tesla to the Trillion Dollar Value😳

[ChargerChallenger]

Tesla Surpasses $1 Trillion in Market Value as Hertz Orders 100,000 Vehicles
Hertz’s major bulk purchase could help Tesla get more of its cars into the hands of mainstream consumers

Tesla Inc. TSLA 12.66% crossed $1 trillion in market value Monday, joining a select group of companies after its stock price more than doubled this past year on surging vehicle sales and rising profits.

Investors pushed the electric-vehicle maker over the line after Hertz Global Holdings Inc. HTZZ 10.04% ordered 100,000 autos to be delivered to the rental-car company by the end of next year, a bulk purchase that promises to expose more mainstream drivers to Tesla’s technology.

Apple Inc. Microsoft Corp. , Amazon.com Inc., Google parent AlphabetInc. are the only other U.S. companies worth more $1 trillion.Facebook Inc. was part of the group, though its share price has since retreated. Tesla, which last week reported record quarterly profit, is worth more than the next nine largest auto makers by market capitalization combined.
“Wild $T1mes!” Tesla Chief Executive Elon Musk tweeted Mondayafternoon. He added, of the Hertz order: “Strange that moved valuation, as Tesla is very much a production ramp problem, not a demand problem.”

 

[Stormtrooper1320]

I wonder how hard it will be to tell them you want a regular car and not a Tesla when you want to rent a car?

 

[Jack_Toepfer]

It’ll be easy, tell them you’re driving over 300 miles.

 

[ChargerChallenger]

Wonder prior to the announcement how many Hertz executives purchased shares of Tesla?

 

[Jack_Toepfer]

Wonder prior to the announcement how many Hertz executives purchased shares of Tesla?

All of them.

 

[Matt someone with an SRT]

Wait so how did hertz get the money for this? I thought they were about to sh*t the bed. At the moment I probably have a better cash flow then hertz 😄😂

 

[Matt someone with an SRT]

Will see how sustainable the 100000 car fleet is in 10-15 years when the battery tech is near obsolete. Not to mention the service requirements for all these vehicles given Tesla is currently the highest issue rate per car of any manufacturer.. they better be training in house techs for repair or they’ll be paying Tesla big dollars for service and maintenance

 

[HellcatFan]

I suspect we’ll be seeing alot of confused Tesla renters at the gas station trying to pump gas.

 

[EricG]

Will see how sustainable the 100000 car fleet is in 10-15 years when the battery tech is near obsolete. Not to mention the service requirements for all these vehicles given Tesla is currently the highest issue rate per car of any manufacturer.. they better be training in house techs for repair or they’ll be paying Tesla big dollars for service and maintenance

Not really a Hertz problem though as they only use the cars for 1-2 years...

 

[KANNINA 2.0]

I predict not many repeat customers after a lot of pissed off people who've never driven one before run out of juice trying to get back to the airport for their morning flight after they didn't plug the car in the day before...

 

[Matt someone with an SRT]

Not really a Hertz problem though as they only use the cars for 1-2 years...

Well if that’s the case it sounds like There will be some good deals on used Tesla rentals in a few years. So much for the value of other used model 3s

 

[Mean Cat]

Cool, I want to rent a Tesla Plaid on weekends to take to the track

 

[Mean Cat]

Wait so how did hertz get the money for this? I thought they were about to sh*t the bed. At the moment I probably have a better cash flow then hertz 😄😂

Government loans, FJB.

 

[Stormtrooper1320]

Wait so how did hertz get the money for this? I thought they were about to sh*t the bed. At the moment I probably have a better cash flow then hertz 😄😂

I was wondering the same thing. They were about to go out of business last year and sold off a ton of cars.

 

[vortecd]

Maybe the government bought them

 

[WhipCat]

Glad I bought a shit ton of stock last year

 

[HWDan]

I suspect we’ll be seeing alot of confused Tesla renters at the gas station trying to pump gas.

Lol you are absolutely correct, scary that they are out there, probably his buddy or boss or someone asked him to go 'fill it up' as a gag ...

But wait there's more!

 

[HWDan]

and of course, there's a "Telsa gas can" ...