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Old November 2nd, 2021 #37
Stewart Meadows
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Join Date: May 2018
Posts: 37,510
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Quote:
Tesla could lose $300 billion after Musk’s itchy Twitter finger strikes again


2 Nov, 2021 13:03 / Updated 10 hours ago



Tesla shares have dropped over 4% in premarket trading on Tuesday, on course to lose some of last week’s $300 billion in gains, after CEO Elon Musk cast doubt on the massive potential deal with car-rental firm Hertz Global.

Last week, Hertz Global announced in a press release that it had placed “an initial order of 100,000 Teslas by the end of 2022.” Despite the indications in the announcement that the deal has not been signed and won’t be finalized until the end of 2022, the news sent Tesla shares soaring 13% on October 25, with the company surpassing $1 trillion in market value for the first time ever. The EV-maker’s stock kept climbing higher still in the following days, closing at a record high on Monday.
https://www.rt.com/business/539156-t...tz-tweet-musk/