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Tesla's market value hits $1 trillion after Hertz agrees to buy 100,000 of its cars

A sign hangs above a Hertz rental car office on Aug. 4, 2020, in Chicago. The company said it's buying 100,000 Teslas in a bold move to diversify into electric vehicles. Scott Olson/Getty Images hide caption

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Scott Olson/Getty Images

Business

Tesla's market value hits $1 trillion after Hertz agrees to buy 100,000 of its cars

October 25, 2021 • Tesla shares surged after Hertz announced a deal to buy Model 3s for rental at airports across the world. Analysts say it could boost sales of electric vehicles.

Tesla's market value hits $1 trillion after Hertz agrees to buy 100,000 of its cars

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First Customers Get Tesla Model 3 Electric Cars

Tesla CEO Elon Musk arrives in the company's new Model 3 electric vehicle for a special event on Friday. Tesla/Screenshot by NPR hide caption

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Tesla/Screenshot by NPR

The Two-Way

First Customers Get Tesla Model 3 Electric Cars

July 29, 2017 • The vehicles are comparatively affordable at $35,000. Tesla says it can't build them fast enough to meet the demand.