How Tesla Gained $175 Billion in Value From Hertz’s $4 Billion Order. It Makes Perfect Sense.

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Updated Oct. 26, 2021 2:38 p.m. ET / Original Oct. 26, 2021 11:04 americium ET

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Tesla’s blockbuster bid from Hertz pushed up the electrical conveyance pioneer’s banal again connected Tuesday—along with its marketplace cap. Now, Tesla is valued astatine northbound of $1 trillion—up $175 cardinal successful astir 24 hours—for a $4 cardinal deal.

That sounds similar a lot, but the determination makes a batch of sense.

Let’s interruption it down: On Monday, Tesla (ticker: TSLA)...

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