Shares Surge, Hertz Order, and Headquarters Havoc

October 2021 witnessed Tesla’s shares soaring past $1K, propelling its valuation beyond $1 trillion. In esteemed company with Apple, Microsoft, Amazon, and Alphabet, the automaker became the fifth U.S. company to achieve this milestone. The surge followed Hertz’s order of 100,000 Teslas for their rental fleet.

Amidst the excitement, Tesla relocated its headquarters from Silicon Valley to the Gigafactory in Austin, Texas, after disputes with California officials over pandemic restrictions. While the Fremont factory in the San Francisco Bay area would continue operating, the company’s expansion signaled a transformative shift in the company’s growth trajectory.

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