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Tesla's share price slipped on Tuesday after Elon Musk said late on Monday that the EV manufacturer hadn't yet signed a contract with Hertz for the single largest order for electric vehicles in the world
Singapore is experiencing an EV boom and Tesla is pushing its rivals out of contention, thanks to the city state’s tightly controlled new vehicle registration laws. By the way, an entry-level Model 3 costs nearly S$200,000 over there, which is the equivalent of $148,000. In the U.S. the same car would cost you less than $40,000.
Tesla Inc surpassed $1 trillion in market value, overshadowing the combined value of five of its biggest rivals, Toyota Motor Corp, Volkswagen AG, Daimler AG, Ford Motor Co and General Motors.
Despite VW making waves with its new fully electric models such as the ID.3 and ID.4, it couldn’t quite accomplish what Tesla just did in Europe, becoming the continent’s first ever electric vehicle to top a monthly sales chart.
Hertz's purchase ranks at the top of the list of electric vehicle orders by a single company.