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5 Important Developments Affecting the Markets - Tesla
5 important developments affecting the markets on Tuesday, October 26; Tesla's market value reached $1 trillion after signing a contract.
Yazar: Charles Porter
Yayınlanma: 26 Ekim 2021 21:05
Güncellenme: 12 Mayıs 2024 21:44
5 Important Developments Affecting the Markets - Tesla
5 important developments affecting the markets on Tuesday, October 26; Tesla's (NASDAQ:TSLA) market cap reached $1 trillion after signing a key contract with leasing firm Hertz Global Holdings (OTC:HTZZ). Facebook (NASDAQ:FB) moderated the impact of slowing revenue growth with a large increase in its buyback program. General Electric (NYSE:GE) and UPS take the pre-opening earnings ball as Microsoft (NASDAQ:MSFT) and Google (NASDAQ:GOOGL) prepare to report earnings after the close. Janet Yellen and Liu He are struggling to move forward on business matters, and the American Petroleum Institute is revising its forecasts for US crude inventories as prices approach seven-year highs.1. Tesla Joins the Trillion-Dollar Club
Tesla became the first automaker to achieve a $1 trillion valuation after its shares rose 12.7% on the news of the bulk order from Hertz Global. The deal for 100,000 Model 3 cars over 14 months is by far the largest in Tesla's history, and a truly giant leap for Hertz, which just came out of bankruptcy just a few months ago. While this deal isn't the first major order for electric cars from a rental company, it does represent a major milestone in the mainstream journey of EVs. As a result of this increase, CEO Elon Musk, whose personal net worth has reached $200 billion, shared on Twitter that Hertz would not discount his order. However, whether a $4.2 billion order can justify the nearly $120 billion market cap increase is another question. Source: Investing.com You may also be interested in: 3 key Takeaways from the Q3 Earnings Report for Netflix.İLGİLİ HABERLER
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