Your daily dose of Austin
×
Make your inbox more Austin.
Local news and fun, every day 6am.

stocks

Tesla hits $1 trillion market cap, makes biggest electric car sale to date

Tesla stock capped at $1 trillion for the first time after a sale of 100,000 electric cars. (Tesla)

Tesla is officially in with the big guns.

After Hertz Global Holdings Inc. placed an order of 100,000 Teslas—the biggest single electric car purchase ever—Tesla officially hit the $1 trillion market cap for the first time.

Keep Reading Show less

Popular

Austinites hop on meme stock AMC with hopes of big gains
(Brecht Bug/CC)

When GameStop stock hyper-squeezed from an average of $18 per share to $347—more than an 1800% increase—in late January, it took the financial sector by surprise, coining a term for stocks fueled by a social media craze: meme stocks.

Though some SEC regulators rallied for retribution over the artificial rise of the video game company's stock, it never came. Less than six months later, experts are predicting a similar, possibly bigger, stunt put on by Redditors with movie theater chain AMC. Some Austinites are hoping to profit.

Keep Reading Show less