FirstFT: Tesla hits $1tn milestone

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Tesla became the first car maker Equivalent to $ 1 trillion After the rental group, Hearts said it ordered 100,000 Tesla Model 3 sedans to electrify the fleet.

Tesla’s stock closed at $ 1,024, up 12.6% on Monday, with year-to-date profits of over 40% and the company’s market capitalization of over $ 1 trillion.

The move happened hours after Hearts announced a deal with Tesla to electrify a rental car fleet. Orders for 100,000 units were a significant amount for automakers, delivering a total of 241,300 vehicles in the third quarter. This is the company’s record.

In a tweet on Monday afternoon, CEO Elon Musk said Hertz’s announcement “moved the reputation because Tesla is not a demand issue, but a production lamp issue.” The company’s Musk stake is currently valued at $ 172 billion, more valuable than any other automaker except Toyota.

The good S & P 500 index rose 0.5% to Tesla’s milestone rating U.S. oil prices Record the highest since 2014.

Thank you for reading FirstFT Asia.This is the rest of today’s news — Emily

5 more stories in the news

1. Facebook Paper: Facebook Lets Politicians Bend Rules Senior Facebook executives include US politicians and celebrities Post whatever they want Despite an employee’s request for suspension, a leaked internal document suggests on that social network.This is 4 points The leaked note was dubbed as Facebook Papers.

  • Revenue: Facebook warned in third-quarter earnings that this quarter’s earnings would be further hurt by changes in Apple’s privacy. Below expectations..

2. Amnesty International leaves Hong Kong due to safety concerns Human rights groups Close office in Hong Kong After staying in the city for nearly 40 years in the concerns of staff as Beijing cracks down on civil liberties.

3. Sudanese army defeats government Sudanese army Dissolve the government He declared a state of emergency after months of tension between the civilian and military sectors of the Transitional Authority. This is equivalent to a military coup.

Sudanese protesters gather in Khartoum on Monday to blame military detention of government members

Sudanese protesters gather in Khartoum on Monday to condemn the detention of government members by the military © AFP / Getty

4. United Nations warns that climate targets are not on track The global climate pledge Significantly out of orbit The United Nations National Goal Analysis warns that greenhouse gas emissions could increase by nearly one-fifth by 2030 if countries do not increase their ambitions.

5. Jeff Bezos’ Blue Origin Plans “Business Park” in Space Space exploration company announced launch plan Commercial space station Low earth orbit in the second half of the last 10 years. Blue Origin and its project’s main partner, Sierra Space, said it could accommodate up to 10 people in an area of ​​about 30,000 cubic feet.

Coronavirus digest

  • Hong Kong The status as an international financial center is “Very restrictive” Coronavirus policy to curb overseas travel.

  • Overseas travelers who have Vaccinated Approved by the World Health Organization We From November 8th.

  • Coronavirus infection Rise again Across Europe The government is rushing to deploy booster shots and strengthen anti-covid measures.

  • NS BioNTech / Pfizer When Oxford / AstraZeneca Coronavirus vaccine 7 rare neurological complicationsAccording to the most comprehensive study of side effects from two jabs.

  • Ruchir Sharma, Morgan Stanley Investment Management Chief Global Strategist says aggressive financial and financial intervention has been added Can’t identify anything For economic recovery in emerging markets.

The day before

Wedding ceremony of Princess Mako of Akishino in Japan The Japanese emperor’s niece today marries her non-royal fiancé, Kei Komuro.According to Japanese rules, Mako’s marriage Deprive her of her imperial status And make her live as a commoner.

Princess Mako of Akishino and her fiancé Kei Komuro. When their engagement was first published in 2017, their relationship became an immediate feed for national tabloids and gossip magazines © AP

Big tech revenue On another big day for Big Tech, Alphabet, Microsoft and Twitter will report revenue. Other companies besides today’s technology sharing results include Hyundai, Visa, 3M, General Electric, pharmaceutical companies Eli Lilly and Novartis, and airlines JetBlue and Royal KPN.Our list Click here for a complete list..

What else are you reading

Dangerous Private Capital Party The enthusiastic boom in the private market is one of the biggest trends in the global money management industry.It will leave many investors Terribly disappointed And in the end, it can cause broader and longer-term economic problems, Robin Wigglesworth wrote.

Living in a high-tech penal colony in China A field survey of the Xinjiang Uygur Autonomous Region by Darren Byler evokes the shadow of concentration camps, adding to the cruelty of 21st century surveillance systems.In his book At the camp, Anthropologists claim that the camp system is, at least, cruel in scale and degree beyond all the obvious similarities of our time.

Israel breaks out of its global isolation Technological booms and geopolitical changes are helping the Jewish state expand its horizons. Written by Gideon Rachman.. The active optimistic mood among national political and business leaders is impressive.

“Tuna Bond” scandal to Mozambique reel Mozambique’s acceptance of fraud in the $ 2 billion “tuna bond” scandal spotlighted Credit Suisse last week, corruption One of the poorest countries in the world, Africa has the largest graft test ever and a weird exhibit.

Picasso Auction reveals that Las Vegas has moved from gambling to “experience” Picasso’s Muse Marie-Thérèse Walter’s 1938 portrait, Fam Aubelle Rouge Orange for $ 40.5 million Unusual auction highlight In Las Vegas on the weekend. Eleven works by Spanish painters previously owned by Bellagio owner MGM Resorts have been sold.


FT writers nominate most of them Awe-inspiring bookstore, From Mumbai to Buenos Aires.

Powells first opened in Chicago in 1970 and then moved to his home in Portland.

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