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Elon Musk says Tesla has not signed a contract with Hertz for 100,000 vehicle order

Shares of Tesla Inc. tumbled almost 4% in midday trading on Tuesday after its CEO and founder Elon Musk tweeted that a contract to sell 100,000 cars to Hertz had not been signed, suggesting the deal had not been finalized.

This isnt the first time a throwaway tweet has hurt Musks bottom line. In 2018, In 2018, the mogul paid regulators $40M after he valued Tesla shares at $420 each in a tweet meant as a weed joke.

Tesla Inc’s top boss Elon Musk said the company had not signed a contract with Hertz, more than a week after the car rental firm announced a massive deal with the electric carmaker.

VW has made huge progress with it EVs, but it still has come nowhere near matching Tesla's popularity.

Shares of Tesla Inc. tumbled in early trading Tuesday on after its CEO and founder Elon Musk tweeted that a contract to sell 100,000 cars to Hertz had not been signed.

CEO and founder Elon Musk tweeted that a contract to sell 100,000 cars to Hertz has not been signed, suggesting the deal has not been finalized. Tesla shares then tumbled almost 4% on Tuesday.

Tesla's shares fell four per cent in early trading on Tuesday, after a steep jump following the news of the biggest-ever order - 100,000 electric cars for Hertz - on Oct. 25, which helped Tesla breach $1 trillion in market capitalization.

Tesla shares took a dip on Tuesday after Tesla CEO Elon Musk tweeted that its deal to provide Hertz with 100,000 electric vehicles had not been ratified with the signing of a contract. While this normally means the deal had not been finalized, the language used by Musk almost makes it sound like whatever Hertz had […]

Opinion: With TSLA (Tesla Inc) recently surpassing the $1 trillion (R15trl) mark – yes that is $1 000 000 000 000, 12 zeros if you don’t feel like counting – interest in this share has never been greater.