Elon Musk says Tesla has not signed deal with Hertz

Elon Musk has said a deal between Tesla and car rental company Hertz, which led the carmaker's market value to surpass $1 trillion last week, has not yet been signed. Last week, shares in Tesla jumped 12.6% after Hertz said it had ordered 100,000 vehicles by the end of 2022.However, Mr Musk tweeted: "I'd like to emphasize that no contract has been signed yet." The deal announced by Hertz with Tesla was the biggest-ever rental car order for electric vehicles. "Electric vehicles are now mainstream, and we've only just begun to see rising global demand and interest," said Hertz interim boss Mark Fields. Tesla boss Mr Musk tweeted: "Tesla has far more demand than production, therefore we will only sell cars to Hertz for the same margin as to consumers."Hertz deal has zero effect on our economics.

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