Tesla, Inc. TSLA's entry into the $1-trillion market cap club has earned the company plaudits from all around. CEO Elon Musk, meanwhile, has a word of praise for rival German automakers.
What Happened: Musk's comments on the German automakers came when a Twitter user brought to Musk's attention that the German media is all over Tesla winning an EV supply contract from Hertz Global Holdings, Inc. HTZZ and reaching a $1-trillion valuation. The user also noted that the media highlighted the fact that Tesla's Model 3 is the top-selling car in Germany now, overtaking Volkswagen AG VWAGY's Golf and suggested this is an end of the era for the German car manufacturers.
Related Link: Why Tesla's Hertz Deal Is a 'Feather In Its Cap' And An Indicator Of Broader EV Adoption
Musk has a different take: the Tesla chief said the German automakers will rebound strongly and the companies have great talent.
In a threaded reply, Musk also said Tesla will soon be a German car manufacturer.
Related Link: Here's How Long Tesla Took To Reach $1 Trillion Valuation
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