Hertz, America’s most famous taxi service, is recovering from its biggest slump and is eager to take the business to the next level.
Hertz has ordered about 1 lakh Tesla cars today as it has decided to convert all its cars into electric cars.
The announcement comes as a shock to Tesla, Elon Musk and all companies in the electric vehicle segment.
Tesla car
Tesla, led by Elon Musk, the world’s richest man, has received an unprecedented order today. With Tesla selling 4,99,550 cars worldwide in 2020, orders for 1 lakh cars are now available for 3 months of business a year.
1 lakh car order
Hertz is currently ordering Tesla Model 3 cars. Tesla has also approved the delivery of these cars by 2024. Not only this, Hertz is also looking to buy chargers for electric vehicles.
$ 4 billion
While the total price of this order is unknown, the total price of the Tesla Model 3 car in the United States is estimated at $ 40,000, while the total price of the 100,000 cars is estimated at $ 4 billion. Usually some discounts are offered on large orders.
Hertz Company
Hertz escaped bankruptcy in June and Mark Fields, former board CEO, was appointed interim CEO in October. The decision by the Hertz administration, led by Mark Fields, is crucial.
Tesla stock price
Shares of Tesla closed at $ 905 on Friday on orders for 1 lakh cars, while the Tesla stock traded up to $ 970.84 in the US market this morning.
Morgan Stanley
Meanwhile, Morgan Stanley has announced that Tesla shares are likely to rise by about 30 percent after the release of quarterly results. Shares of Tesla rose about 7 percent in trading this morning alone.
Elon Musk Property Value
As a result, Tesla’s shares are expected to surpass $ 1,000 soon and the company’s total market value is expected to reach $ 1 trillion. Elon Musk’s total assets are expected to rise to $ 300 billion soon.
Elon Musk to land in next project ..!
Elon Musk, the world’s richest man and a rising star in technology, has made many changes to automobile and space travel through Tesla and SpaceX.
Elon Musk, who has similarly large plans to expand Tesla and SpaceX’s business and services, has decided to take SpaceX’s Starlink service to the next level, which is waiting to completely transform the world’s broadband service base.
Starling Service
SpaceX’s Starlink is a satellite-operated broadband service. This service allows one person around the world to provide high speed broadband service without any hindrance without anyone’s help.
India and China
Elon Musk-led SpaceX is in talks with the Governments of India and China to obtain the necessary approvals to bring the Starling service to India and China soon, as the service is already operational in the United States, Canada and many European countries.
Airlines
At this point Elon Musk has begun negotiations with airlines to increase the use of this Starling. The project is expected to bring about a major change in Elon Musk’s aviation industry, which is keen on where and how to move an item.
WiFi service
Wi-Fi service is now routinely provided on flights, and is only available on certain flights in India. The Elon Musk project is to provide high speed internet service to all travelers through this Starling connection without any hassle in this situation.
Gogo shares plummet
Elon Musk is currently in talks with some of the leading airlines. Shares of Gogo Inc, an internet service provider, fell 5.7 percent shortly after the news broke.
12,000 satellites
Elon Musk has decided to launch about 12,000 satellites for the Starling service through his SpaceX company. Elon Musk will be able to provide high-speed Internet service to everyone around the world when the $ 10 billion project is completed.
