Market Watch

Tesla stock heads to another record on the heels of Uber-Hertz deal

Orignally published on 2021-10-27 16:23:00 by www.marketwatch.com

Shares of Tesla Inc. looked set to end at a fresh record on Wednesday as Hertz Global Holdings Inc. and Uber Technologies Inc. said the rental car company would offer Tesla vehicles for ride-hailing.

Tesla
TSLA,
+2.59%

stock traded as high as $1,070.88 in midday trading Wednesday. The stock closed at a record $1,024.86 on Monday after Hertz
HTZ,

announced plans to order 100,000 Teslas for its rental-car fleet. Monday’s 12% rally and record close pushed Tesla’s market valuation past $1 trillion.

Orignally published on 2021-10-27 16:23:00 by www.marketwatch.com

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