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Transcripts for BBCNEWS World Business Report 20211026 04:31:00

because the electric car maker has passed some major milestones in the past 2a hours. the firm, headed by elon musk, zoomed passed a market value of one trillion dollars late on monday, making it only the fifth company in history to pass that figure. its shares rose over 12% after tesla agreed to sell 100,000 vehicles to car rentalfirm hertz. the deal is the biggest ever rental car order for electric vehicles and seen as a further vote of confidence in the greener technology. michelle fleury has more from new york. tesla joins an elite club of companies whose market capitalisation has crossed the trillion dollar mark. think apple, microsoft and google s parent company, alphabet. amazon is also up there, the online retailer reached that threshold back in january 2020. 23 years after it became a public company. tesla, well it has done it in just 11 years.

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