In the early morning of October 26, Beijing time, Tesla's stock price rose by more than 9%, reaching US$998.74 per share, and its market value officially exceeded US$1 trillion. Tesla has therefore become the sixth company in the U.S. stock market with a market value of over $1 trillion after Apple, Microsoft, Google, Amazon and Facebook.

According to foreign media reports, Hertz Global Holdings, a car rental company that has only left bankruptcy protection for four months, recently ordered 100,000 electric cars from Tesla. This large order with a total price of approximately US$4.2 billion has also become the largest transaction in the history of electric vehicles and locks in about 10% of Tesla's annual production capacity.

Hertz also broke the tradition in vehicle purchase. Unlike traditional car rental companies, Hertz did not choose to buy a large number of low-profile models with high discounts, but instead bought a large number of Teslas with better configurations at full price. According to reports, these 100,000 Teslas will be delivered in the next 14 months, and help Hertz build the largest electric car rental fleet in North America.

At the same time, Tesla recently announced its financial report for the third quarter of 2021. The company's third-quarter revenue reached US$13.757 billion, an increase of 58% year-on-year; net profit reached US$1.618 billion, a year-on-year increase of 389%. This is the ninth consecutive quarter of profitability for Tesla and the second time in the company's history that it has achieved a net profit of more than $1 billion. In addition, the gross profit margin of the whole vehicle is as high as 30.5%, which also created the highest record for Tesla in the past five quarters.