Tesla, Elon Musk’s electric car maker, is now a 1 trillion company. Tesla was the first carmaker to achieve this milestone.
Tesla’s market value reached trillions of dollars after the rental group Hearts ordered one lakh Tesla Model 3 sedans. Shares of Tesla rose 9.64 percent to ৯ 997.84 on Monday, up more than 40 percent from the same day last year.
Market analyst Dan Ives said the Hertz deal played a leading role in this trillion-dollar valuation.
At the same time, it is understood that the demand for electric vehicle conversion in the global automobile sector is growing rapidly.
After hearing the news the stock market might run fast to signify the big brand more. The man behind the brand is Elon Musk who discovered the space things too. He has business potentiality of the brand.
So, people are buying his securities to be rich in the future. In fact his electric car is a wide discussed invention in the car world. His car reduces the dependency of fossil fuel.
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Investing in Tesla might not disappoint us but be careful about investing high volume as stock things should not be unthinkable.