Tesla stock skids after Musk tweet that Hertz deal not signed
Shares of Tesla Inc. tumbled around 4% in premarket trading after its CEO and founder...
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Shares of Tesla Inc. tumbled around 4% in premarket trading after its CEO and founder...
Remember when Hertz announced it will buy 100,000 Tesla vehicles by the end of 2022? Well, it appears that no contract has been signed yet between the two companies, as Elon Musk explained on Twitter. What does that mean to everyone else?
Elon Musk has clarified on Twitter that Hertz has yet to sign a contract with Tesla despite its announcement last week.
Hertz said last week it is ordering 100,000 Teslas. But Tesla CEO Elon Musk said he would "like to emphasize that no contract has been signed yet."
Tesla shares sunk in early trading after founder Elon Musk cast doubt on a deal to supply Hertz with rental cars.