$HERTZ GLOBAL HOLDINGS INC C/WTS 30/06/2051 (TO PUR COM) (HT...

$HERTZ GLOBAL HOLDINGS INC C/WTS 30/06/2051 (TO PUR COM) (HTZWW.US)$ just announced that they would be ordering 100,000 electric vehicles from $Tesla (TSLA.US)$ by the end of next year.

Hertz will give their customers the chance to rent out Model 3 sedans in major markets from early November. That helped Tesla gain a valuation of more than $1 trillion.

A large section of investors view TSLA stock as an anomaly. Many believe the current value isn’t reflective of its true worth, while others say they can still see Telsa dominating future industry growth despite recent struggles in sales numbers.

While Tesla still has a way to go in terms of catching up with other automakers when it comes down to production and sales numbers, their products are designed and manufactured using the latest technology available.

It means they’ll be able to provide drivers not only an affordable option but also some truly cutting-edge options as well.

The EV giant is one of the few self-driving car companies that does not use lidar technology.

Instead, it relies on its neural network algorithm to interpret input from cameras and radar for vehicles to perceive what’s happening around them more accurately than ever before. The self-driving business segment can become a money-spinner for the company.

Despite the overvaluation concerns, TSLA continues to deliver. No one can say it’s trading on fundamentals. Nevertheless, when investing in EV stocks, you cannot afford to miss TSLA.