Equity Trillion dollar Tesla
Oct 25, 2021
Kirsten Korosec, TechCrunch's transportation editor, dives into Tesla's remarkable rise to a $1 trillion market cap. She discusses the factors driving Tesla's stock surge, including a major rental deal for 100,000 vehicles. The conversation touches on the Model 3's success in Europe, Tesla's expanding Supercharger network, and the challenges of scaling services. Kirsten also explains why Tesla cars share similar designs and speculates on the highly anticipated Cybertruck's market debut. It's an insightful and engaging discussion on the future of electric vehicles!
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Tesla's Operational Transformation
- Tesla's operational shift from cash-consuming to cash-generating stems from increased production and demand.
- Their risk-taking approach, like building factories in China and Berlin, has contributed to this success.
Hertz and Tesla Deal
- Hertz announced buying 100,000 Tesla EVs, boosting Tesla's share price and representing 20% of Hertz's global portfolio.
- This deal is estimated to be worth $4.2 billion, and Hertz renters will have Supercharger network access.
Model 3 European Dominance
- The Tesla Model 3 became the top-selling car in Europe in September 2023, outselling combustion engine models.
- This highlights the growing demand for EVs, even though other automakers haven't replicated Tesla's success.