Tesla skids 4% on Musk tweet that Hertz deal not signed
Tesla skidded 4% in its market value on the news that Elon Musk had tweeted that the deal with Hertz would not be signed. The news was an unsurprising shocker to many whose hopes of an impactful deal had been high. The deal would have allowed Tesla to gain access to the 25,500 cars that Hertz currently owns for an aggregate of over $1 billion.
Tesla Supercharges Maidstone
Tesla is no stranger to losses and surprises. Recently, it set up a Supercharging station in Maidstone, the UK, where it had plans to build a security facility used for battery storage back in 2014. However, the progress of the deal stalled and it was handed back to the local council.
FAQs
Q. What did Elon Musk tweet?
A. Elon Musk tweeted that the deal between Tesla and Hertz would not be signed, resulting in a 4% plunge in Tesla’s market value.
Q. What was the original plan for Tesla Maidstone?
A. Tesla initially planned to build a battery storage facility in Maidstone, UK, back in the year 2014. However, the progress of the deal stalled and was eventually handed back to the local council.
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