Tesla shares continued their impressive rally on Monday, as shares hit an all-time high of $1,209.75, before closing at $1,208.59. The company’s market cap now sits at $1.2 trillion after today’s 8.49% gain.
Elon Musk’s electric vehicle maker reported impressive third quarter earnings, at a time when the global auto industry saw a decline in sales due to a chip shortage.
Tesla also saw positive news when Hertz announced it ordered 100,000 Tesla vehicles, expected to deliver by the end of 2022. Hertz also announced a deal with Uber to rent out half its Tesla fleet to gig economy drivers.
Senior Editor at TeslaNorth.com. Electric vehicle enthusiast, lover of dogs and all things Elon Musk. Click here to buy me a coffee 🙂 Email tips: email@example.com. Click here to get 1,000 Tesla Supercharger miles free with your next Tesla purchase.