Tesla’s Elon Musk downplays deal to supply cars to Hertz
Tesla shares sunk in early trading on Tuesday after founder Elon Musk cast doubt on a deal to supply Hertz with rental cars.
The Hertz announcement last week of an agreement for Tesla to supply the car rental firm with 100,000 of its electric autos helped push Musk’s company to a $1 trillion market valuation alongside tech titans like Amazon, Microsoft, Google and Apple.
But Musk on Monday said no agreement had been finalized.
“If any of this is based on Hertz, I’d like to emphasize that no contract has been signed yet,” Musk tweeted in response to a chart showing Tesla’s share price ascending.
