Elon Musk " No contract has been signed yet" speaking about Hertz's plan to buy 100,000 Tesla cars

Tesla founder and CEO Elon Musk have come forward to say that there is no deal place in terms of Hertz buying 100,000 Tesla Vehicles.  Tesla stock price has gone up sharply based on Hertz’s interest in buying Tesla cars. Reporters value the deal that’s estimated to be worth $4 billion and speculative traders pounded on Tesla stocks and rally it up to $1208.28 per share. 

This morning, on November 2^nd, 2021, Tesla CEO and founder Elon Musk tweeted that there is no signed deal between Hertz and Tesla.

A Twitter handle thanked Elon Musk because they have made a lot of money from Tesla stock run-up, and Elon responded by saying " If any of this is based on Hertz, I'd like to emphasize that no contract has been signed yet"

Tesla stock has dropped by 3 percent since Elon sent out a tweet denying the deal. The stock market is hot again for Tesla investors/traders and it will be interesting to see where Tesla stock goes from here.