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Tesla Shares Slump After Musk Tweets That Hertz Deal Isn’t Done Yet

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Tesla's Musk Says There's No Signed Deal With Hertz

Tesla Inc. shares sunk in U.S. premarket trading after Chief Executive Elon Musk tweeted that the company has not yet signed a contract with car rental company Hertz Global Holdings Inc.

Replying to a tweet, Musk said a contract had not yet been signed, despite Hertz last week announcing a record order for 100,000 Model 3 sedans for $4.2 billion.