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October 26, 2021

Tesla's market value tops $1T after Hertz orders 100K cars

By TOM KRISHER
AP Auto Writer

DETROIT — Hertz announced Monday that it will buy 100,000 electric vehicles from Tesla, one of the largest purchases of battery-powered cars in history and the latest evidence of the nation's increasing commitment to EV technology.

The news of the deal triggered a rally in Tesla's stock, driving the carmaker's market value over the $1 trillion mark for the first time.


 
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