Tesla hits $1 trillion market cap for the first time after Hertz says it will buy 100,000 electric vehicles – how does it affect your retirement planning, and should you buy Tesla shares?
- Tesla hit a $1 trillion market cap for the first time after Hertz said Monday it would buy 100,000 electric vehicles.
- News of the deal brought Tesla’s stock to a new record high just one trading day after the shares topped $900.
- The deal comes more than a year after Hertz filed for bankruptcy protection during the height of the coronavirus pandemic, as demand for travel and rental vehicles dropped.
News of the deal brought Tesla’s stock to more than $1,045 a share midday, a new record high one trading day after the shares broke $900. The stock closed up 12.66% at about $1,024 a share.
If you like to participate in the future of Electric vehicles, one way is to consider a EV ETF, or ETF which includes the broad market which includes Tesla, for example the S&P 500 index.
Read more about Tesla hits $1 trillion market cap and watch at https://www.cnbc.com/2021/10/25/tesla-shares-up-on-news-hertz-will-purchase-100000-electric-vehicles.html
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