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The electric car manufacturer, founded by tycoon Elon Musk, managed to become the sixth American company to reach the aforementioned capitalization figure, due to an increase in the value of its shares that increased after the car rental company Hertz will announce the acquisition of 100,000 units of the Musk factory.
The engine that moved the shares of the electric car manufacturer – which is about to move its main plant from Silicon Valley (California) to Austin (Texas) – was the announcement made by the car rental company Hertz, to buy 100,000 units from Tesla.
The purchase is presented as one of the largest in electric cars and represents the commitment of companies in the United States with the development of vehicles of this type. That is to say, Amazon, another company with a trillion dollar valuation, ordered another 100,000 electric delivery vans in 2019 from Rivian, a national auto manufacturer in which it is an investor.
Prior to the announcement, shares of the Tesla company were trading at $ 998.22 per share.
Later, and at the end of the day, the value reached 1,024.86 dollars, an increase of 12.66%.
Tesla’s trillion dollar capitalization is featured in one day of several company-related news. On the one hand, it reported on the start of the research center and a data center in China, where Model 3 sedans and Model Y sport utility vehicles are manufactured.
On the other hand, the president of the National Transportation Safety Board (NTSB), Jennifer Homendy, sent a letter to Musk, in which she criticized the apparent inaction of the company in the safety recommendations issued ago. four years after a fatal accident.
“The National Transportation Safety Board (NTSB) appreciates the productive and professional cooperation provided by Tesla technical staff to our investigators over the course of our various accident and incident investigations, such as our recent work on (fatal accidents in) Spring, Texas, and Coral Gables, Florida, “adding,” however, I am deeply concerned that Tesla’s action, or rather inaction, to implement NTSB’s critical safety recommendations has not demonstrated the same productivity or professionalism”.
Hertz, a company rescued from bankruptcy that seeks to be a leader
Hertz, a company that was rescued from bankruptcy in March thanks to the purchase of a majority stake by two US investment groups, with the acquisition of electric cars will replace about 20% of its global fleet of cars.
According to the AP news agency, Mark Fields, interim CEO of Hertz, did not indicate the value of the investment although this could be in the order of 4,000 million dollars since they will buy the ‘Tesla Model 3’, whose value is around $ 40,000 a unit.
Additionally, the aforementioned news agency indicated that Hertz, whose headquarters are in Estero (Florida), is also in talks with other car manufacturers about the purchase of additional electric vehicles, as it expands its fleet of electric vehicles in the middle of the entry of more models to the market.
With Reuters, AP and US media
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